Live prices
  • Gold £1,903.00 oz 1.61%
  • Silver £24.75 oz 5.52%
  • Platinum £871.15 oz 2.23%
Gold 1.61%
£1,903.00 oz
Silver 5.52%
£24.75 oz
Platinum 2.23%
£871.15 oz
Gold 1.61%
£1,903.00 oz
Silver 5.52%
£24.75 oz
Platinum 2.23%
£24.75 oz
Turban Head Eagles

Capped Bust Gold Eagles

The Capped Bust Gold Eagle is also referred to as the Turban Head Eagle yet Liberty, who features on the coin, is wearing a Phrygian cap and not a turban. Her hair wrapped around the cap makes the design look like it features a turban. Capped Bust eagles do not include an expression of the coin's denomination as part of its design

The Capped Bust Gold Eagle was in production for just under a decade which was long enough to see a complete resign of the famous Eagle positioned on the coin. Early issues saw the eagle holding a wreath in its beak but this was seen as unpopular, causing the mint to swap to a heraldic eagle, not too dissimilar to European coinage such as the German Marks

The reason why the Capped Bust Gold Eagles ceased being issued in 1804 was the price of Gold had risen to a level in which it was profitable for the coins to be melted and sold for their Gold content. This resulted in a 35 year hiatus in the production of Gold Eagles. The Capped Bust Eagles were the first Gold Eagles ever made, making them extremely significant to collectors

$2.50 Capped Bust Eagles

Capped Bust Quarter Eagle


The Capped Bust Quarter Gold Eagle is a rare find with a reported mintage of 19,487 coins. The low mintage figures are due to there being little commercial demand for quarter eagles in the US at the time where these coins were in production. This is because the face value of the coin was awkward in the sense that its value was too small to be useful in foreign trade, but also too large for domestic transactions

Some $2.50 Capped Bust Eagles will have been struck a year after their date displayed on the coin. The US Mint was known to continue to use the same dies provided they were still serviceable. The coins from this era have beautiful antique-Gold surfaces and are important early Gold rarities

$5 Capped Bust Eagles

Capped Bust Half Eagle


Capped Bust half eagles are another example of the first Gold US Eagle coins. The half eagles were struck to order for the depositors of Gold bullion, which would have put these new half eagles into circulation as soon as they were received. The coins circulated as currency within the US for many years which means that most surviving coins are heavily circulated

Despite this, mint state examples are known, but command a very high premium when they surface. Regrettably, the Capped Bust half eagles were not immune to the mass melting of Gold coins which began in 1821 through to 1834. Estimates of the surviving population of Capped Bust half eagles being less than 100 coins in all grades

$10 Capped Bust Eagles

Capped Bust Gold Eagle


The US Mint switched the eagle design on the $10 Capped Bust Eagles mid-1797 but some of the newer versions featuring the heraldic eagle may be dated 1796 due to the Mint's record of using a previous year's dies to strike new coins. The Capped Bust Gold eagle was the largest gold denomination struck before 1849. Gold eagle coins were struck until 1804, unlike the half eagles which saw their production extended nearly annually until 1916

The US Mint produced Gold coins for the first time in 1795 with official records suggesting the Mint struck a total of 5,583 Capped Bust eagles that year. Despite their role as circulating currency, several examples exist in a mint state grade which command a very high six-figure premium on the secondary market

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