Posted 3 years ago
This coin was minted in 1853 at the Philadelphia mint. It has been grade by one of the top two premier 3rd party graders PCGS. Coins are graded on a scale between 1 and 70 This coin has been graded as an AU-53 which there are 4 grades of almost un-circulated (AU) There is AU-50, AU-53, AU-55 & AU-58. This is considered a fairly high grade coin especially for the age of it at 158 years old. On the reverse (tails) the dollar amount is shown as "Five D" On the type two $5 gold Liberty's, the value is spelled out "Five Dollars".
The $5 gold coin was called a "half eagle and contained almost 1/4 ounce of gold. The composition was 90% gold and 10% copper. Pure gold is very soft and that is the reason for the copper alloy. It gave the coin strength and longevity in that it was a "workhorse of not only the U.S. economy but that of the world economy as well.
Coins are my "passion" I own close to 500 different gold coins ranging in denomination of $1 up to $20 gold. I also own half that many foreign gold coins. At some point in the far distant future I will start to sell them off one at the time as a source of income. I am so glad that I have hoarded these types of coins for over 25 years and continue to amass as many as I can afford. It has been the single smartest move along with silver that I have done as far as an investment goes.
Those of you that do not own any gold "in any form" should start to do so today. Believe it or not, even if you are in your late 60's what you invest in gold today may give you a 100% return in as little as ten years. Silver will do even better, percentage wise. Buy as much as you can, as often as you can. You won't be sorry. I guarantee it.