1822 $5

1824 $5

1823 $5 (Regular Strike)

Series: Capped Bust $5 1807-1834

PCGS MS66+

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PCGS MS65+

PCGS MS64+

PCGS #:: 8131

Designer:: Robert Scot & John Reich

Edge:: Reeded

Diameter:: 25.00 millimeters

Weight:: 8.75 grams

Mintage:: 14,485

Mint:: Philadelphia

Metal:: 91.7% Gold, 8.3% Copper

Auction Record:: $336,000 • MS65 • 01-15-2023 • Heritage Auctions

ShowHide Related Coins and Varieties (2)

Major Varieties

1823 $5

Die Varieties

1823 $5 BD-1

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Price Guide (USD)

PCGS Population

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For Sale Now at Collectors Corner - PCGS Graded

For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades	Survival Estimate The Survival Estimate represents an average of one or more experts' opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.	Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.	Relative Rarity By Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.	Relative Rarity By Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
All Grades	82	R-8.1	18 / 22	29 / 42
60 or Better	55	R-8.4	19 / 22 TIE	31 / 42 TIE
65 or Better	4	R-9.8	12 / 22 TIE	19 / 42 TIE

Survival Estimate
All Grades	82
60 or Better	55
65 or Better	4

Numismatic Rarity
All Grades	R-8.1
60 or Better	R-8.4
65 or Better	R-9.8

Relative Rarity By Type All Specs in this Type
All Grades	18 / 22
60 or Better	19 / 22 TIE
65 or Better	12 / 22 TIE

Relative Rarity By Series All Specs in this Series
All Grades	29 / 42
60 or Better	31 / 42 TIE
65 or Better	19 / 42 TIE

Condition Census What Is This?

Pos	Grade	Pedigree and History
1	MS65 PCGS grade	Henry Miller Collection - Heritage 1/2011:5096, $299,000
2	MS64+ PCGS grade	Upstate NY Collection - Bill Epstein - Fred E. Davies Collection - Paramount 2/1975:556 - R.E. “Ted” Naftzger, Jr. Collection - Paramount Fixed Price List, 1981 - Paramount (David Akers), sold privately in 4/1982 - D. Brent Pogue Collection, Part IV- Stack's/Bowers & Sotheby's 5/2016:4027, $96,937.50
3	MS64 PCGS grade	Heritage 11/2004:8353 - Donald E. Bently Collection - Heritage 1/2014:5429, $82,250
3	MS64 PCGS grade	Stack's/Bowers 8/2011:7672, not sold - Stack's/Bowers 11/2017:10119, $54,000
3	MS64 PCGS grade
3	MS64 PCGS grade
3	MS64 PCGS grade
3	MS64 PCGS grade

#1 MS65 PCGS grade

Henry Miller Collection - Heritage 1/2011:5096, $299,000

#2 MS64+ PCGS grade

Upstate NY Collection - Bill Epstein - Fred E. Davies Collection - Paramount 2/1975:556 - R.E. “Ted” Naftzger, Jr. Collection - Paramount Fixed Price List, 1981 - Paramount (David Akers), sold privately in 4/1982 - D. Brent Pogue Collection, Part IV- Stack's/Bowers & Sotheby's 5/2016:4027, $96,937.50

#3 MS64 PCGS grade

Heritage 11/2004:8353 - Donald E. Bently Collection - Heritage 1/2014:5429, $82,250

#3 MS64 PCGS grade

Stack's/Bowers 8/2011:7672, not sold - Stack's/Bowers 11/2017:10119, $54,000

#3 MS64 PCGS grade

All known 1823 Capped Head Half Eagles are struck from one die pair, using a fresh obverse for 1823 mated with a workhorse Large Letters reverse first employed for 1820 BD.9, then used to strike all of the half eagles from 1821 through 1824.

While 1823 Half Eagles are rare as an issue, with estimates of no more than 100 or so survivors in all grades combined, they live in a bit of a tough neighborhood, among many of the great rarities of American Numismatics. So, in comparison to the other dates of the 1820s, 1823 Half Eagles are seen as relatively common.

The finest known 1823 Half Eagle is likely Norweb:774, now in the Harry Bass Core Collection. The second finest, and finest certified is the Henry Miller PCGS MS65, followed by the Naftzger-Pogue PCGS MS64+ in third place.

Ron Guth:

The 1823 Half Eagle is known by only one die variety: BD-1 (Breen 1-A). This is a relatively scarce date, with an estimated 100 survivors. Despite the low survival rate, several choice to near-Gem examples are known.

Sources and/or recommended reading: "Early U.S. Gold Coin Varieties" by John W. Dannreuther and Harry W. Bass, Jr.

David Akers (1975/88): The 1823 is a very rare coin but it is still one of the more "common" dates of this type, and certainly the most available date between 1821 and 1829. When 1820 is considered just as a date and the Curved Base 2 and Square Base 2 varieties are not broken out, the 1823 is more rare than the 1820, as well as the 1813, 1814/3 and 1818. There are a few well circulated 1923's around but most known specimens are AU or better. A number of very choice uncs are also known, perhaps as many as 25-30 pieces.