Gold 0.21%
£3,231.54 OZ
Silver -2.37%
£47.77 OZ
Platinum -0.49%
£1,401.36 OZ
The Silver Britannia is capital gains tax free in the UK, making is a very popular choice with UK investors
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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
The first die for the Gold $2.5 capped Eagle did not have stars on the obverse. Only 963 coins were minted of which an estimated 15-20 survive to this day making this type easily as one of the rarest US Gold coins
The 1796 no star coin was a one-year type and was never reproduced. The surviving no star quarter eagle estimates are as low as they are because the US made Gold illegal to own in 1933 so many of these pieces would have been smelted
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
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
The second type of the Gold US Capped Bust half eagle coin which was struck between 1795 and 1807 inclusive. The coins were minted in higher volumes than the type I version with 316,867 originally minted, however the number of coins that survived is a fraction of this figure
The US Mint reused dies until they were not longer fit for purpose which means some coins were actually struck a year after the date displayed on the coin. The type II capped bust half Eagle has a beautiful depiction of the heraldic eagle which set the direction of coinage produced long after this series was discontinued
The first US Gold Eagle after the Coinage Act of 1792 authorized three denominations of gold coins– the Quarter Eagle, the Half Eagle and the Eagle which specified the weight and fineness of each variation
The first Eagles struck in 1795 were large pieces with a dimater of 33mm of .9167 fine Gold. All the early US Eagles are rare, due to an initial low mintage but also because of the mass export and melting of many of the coins from this era
Survivors of the capped bust Eagle extremely difficult to obtain with premiums in the market reflecting this
Gold US Eagles are common in the UK market with some at attractive premiums for the fantastic designs that they offer. Auronum is a supplier of US Eagles and will buy Gold Eagles from willing sellers using love onscreen rates
