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1838

Gold Coins · Classic Head Gold $5 Half Eagles · 1834–1838
Regular
Weight8.36 g
Diameter22.5 mm
MintPhiladelphia
StrikeCirculation strike
Mintage 286,588
EdgeReeded
Alignment↑↓ Coin
Composition90% Gold, 10% Copper
DesignerWilliam Kneass
Collector's Key IDCK-5787

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About this coinHistory

The 1838 half eagle closes the book on the Classic Head series, with the Philadelphia Mint reporting a delivery of 286,588 pieces before the design gave way to Christian Gobrecht's Liberty Head Coronet in 1839. Production followed William Kneass's by-then standard portrait without major modification. What makes 1838 unusual is not Philadelphia itself but what was happening simultaneously at two brand-new branch facilities. The 1838-C from Charlotte and 1838-D from Dahlonega, both cataloged separately on this site, were the very first half eagles ever struck at those Southern gold-belt mints, and 1838 stands alone as the only year all three Classic Head half eagle mints operated together. That makes the Philadelphia issue the final-year-of-type closer for a design that bridged the capped-bust era and the long Coronet era to come.

Authenticators evaluating an 1838 half eagle should confirm a weight of roughly 8.359 grams, a diameter of 22.5 millimeters, and a composition of 0.900 fine gold per the Coinage Act of 1837 (the 10 percent alloy still combined silver and copper for half eagles in 1838; pure copper began with the 1839 Coronet). A genuine example shows the rounded portrait detail typical of late Classic Head dies, with a reeded edge and the characteristic rotated coin alignment. Because no mintmark belongs on a Philadelphia strike, the area below the eagle on the reverse must be smooth and original; tooling, fill, or evidence of an added C or D mintmark is the most common red flag, since branch-mint examples carry significant premiums. Strike quality from this final year is generally crisp, and weakness in the eagle's neck feathers or the leftmost obverse stars is more often die-related than altered.

For modern collectors, the 1838 Philadelphia is the affordable anchor of any three-mint Classic Head set, available in circulated grades for those who want a representative example of the type's last year and rising sharply in mint state where original surfaces and full luster are scarce. PCGS or NGC certification is common at the upper end, where Choice and Gem coins draw strong interest from type collectors and date specialists. To trace how this single year tied the close of one design to the opening of branch-mint gold coinage, see the full Classic Head Half Eagle series history.

Price guideReference

Reference data only — not an appraisal.

GradeDescriptionLowHigh
G-4 Good (G)
VG-8 Very Good (VG)
F-12 Fine (F)
VF-20 Very Fine (VF) $955 $1,100
EF-40 Extremely Fine (EF) $1,085 $1,255
AU-50 About Uncirculated (AU) $1,615 $1,865
MS-60 Uncirculated (MS) $3,790 $4,370
MS-63 Choice Uncirculated (MS) $12,745 $13,495
Frequently Asked QuestionsFAQ
How much is a 1838 Classic Head Gold $5 Half Eagle worth?
In Very Fine condition it runs about $955–$1,100, rising to roughly $3,790–$4,370 in Uncirculated. These are reference values, not an appraisal.
How many 1838 Classic Head Gold $5 Half Eagles were minted?
286,588 were struck.
What is a 1838 Classic Head Gold $5 Half Eagle made of?
90% Gold, 10% Copper, weighing 8.36 g.
What is the melt value of a 1838 Classic Head Gold $5 Half Eagle?
Its melt value is its metal content multiplied by the current spot price. See our melt calculator on the metals pages for a live figure.
Is the 1838 Classic Head Gold $5 Half Eagle a key date?
It's a more common date overall, though scarcer die varieties may carry a premium — see the varieties list.