A Rare Gem from America’s Early Days
The 1822 Capped Bust $5 Half Eagle is one of the rarest coins in U.S. history, a golden piece of the past that collectors dream of finding. With only three known to exist and just one in private hands, this coin sold for a staggering $8.4 million in 2021. Minted when America was still a young nation, its scarcity and beauty make it a true treasure. For coin enthusiasts, the 1822 Half Eagle is a symbol of history and a prize worth millions.
Why It’s So Valuable
What makes the 1822 Capped Bust Half Eagle so special? It’s all about how few exist. The U.S. Mint struck a small number of these gold coins in 1822, but most were lost or melted down over time. Only three are known today, with two locked away in the Smithsonian Institution. The one in private hands is a collector’s holy grail, fetching $8.4 million at a 2021 auction. Its rarity, combined with its historical significance and pristine condition, drives its jaw-dropping value.
Key Features of the Coin
The 1822 Half Eagle stands out for its classic design and limited production. Here’s a quick look at what makes it unique:
| Feature | Description |
|---|---|
| Obverse Design | Liberty with a cap, facing left, surrounded by 13 stars. |
| Reverse Design | Eagle with a shield, holding arrows and an olive branch. |
| Material | 91.67% gold, 8.33% copper, weighing about 8.75 grams. |
| Minting Year | 1822, struck at the Philadelphia Mint. |
| Value (Top Grade) | $8.4 million for the single privately owned coin in 2021 auction. |
This coin’s gold content and early American design make it a standout in any collection.
A Window into the 1820s
The 1822 Capped Bust Half Eagle was minted during a time when the U.S. was growing fast, just decades after gaining independence. Gold coins like this were used in big transactions, but few survived the wear and tear of circulation or the melting pots of later years. The Capped Bust design, with Liberty wearing a soft cap, reflects the style of the era. Owning one today is like holding a piece of America’s early economy, making it a favorite among historians and collectors alike.
How to Spot a Million-Dollar Coin
Finding an 1822 Half Eagle is nearly impossible since only three exist, and two are in a museum. The one in private hands is likely in a high-security vault, but collectors still dream of uncovering a lost treasure. If you’re checking old coin collections or estate sales, look for a gold coin with sharp details in Liberty’s cap and the eagle’s wings. Coins in top condition, graded MS60 or higher by services like PCGS, are the ones worth millions. If you suspect you’ve found one, get it appraised by an expert—never clean it, as that can destroy its value.
The Ultimate Collector’s Prize
For coin collectors, the 1822 Capped Bust Half Eagle is the ultimate prize, blending rarity, history, and a massive price tag. Its $8.4 million sale in 2021 shows just how much collectors are willing to pay for a piece of America’s past. The coin’s story—from its creation in 1822 to its survival through centuries—adds to its allure. Whether you’re a serious collector or just love history, the 1822 Half Eagle is a reminder of how a small gold coin can carry a huge legacy, making it one of the most exciting finds in numismatics.
