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1840 Broad Mill

Gold Coins · Liberty Head Gold $5 Half Eagles (Coronet Head) · 1839–1908
Variety
Weight8.359 g
Diameter21.6 mm
MintPhiladelphia
StrikeCirculation strike
Mintage 137,382 Combined mintage for all 1840 P varieties
EdgeReeded
Alignment↑↓ Coin
Composition90% Gold, 10% Copper
DesignerChristian Gobrecht
Collector's Key IDCK-5796

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About this coinHistory

The 1840 broad-mill half eagle is a transitional holdover. Philadelphia entered the year still using the 22.5 mm planchet stock and collar diameter that had defined the 1839 issue, then switched to a 21.6 mm format partway through production. Coins struck on the older wider format before the changeover are catalogued separately as the broad-mill variety. The 137,382-piece Philadelphia mintage reported for 1840 covers both formats; the broad-mill share is the smaller early portion, struck during the first stretch of the year before the new dies and collar took over. By August the Mint had committed to the narrower 21.6 mm standard that would run through 1908.

Attribution is dimensional. The defining check is diameter, which should measure 22.5 mm rather than the standard 21.6 mm used after the transition. Calipers settle the question on any unattributed example, and the difference is visible to the eye once a known narrow-mill 1840 sits beside it: the broad-mill coin shows a wider rim on both faces. Edge reeding runs finer than on the post-transition strikes, another tell that survives even on worn pieces. Weight stays at the standard 8.359 grams since the planchet mass was unchanged, and specific gravity should sit near 17.16 for the 0.900 fine alloy. A coin that reads 21.6 mm belongs to the standard 1840 entry, not this one.

For collectors, the broad-mill 1840 sits in the variety specialist lane rather than the type lane. Most date sets are filled with a standard narrow-mill example, and the broad-mill coin is pursued as a separate target by collectors building out the early-Liberty subtypes. Survivors are scarce in all grades and rare above XF, with Mint State examples appearing infrequently enough that auction records track individual reappearances. Pricing carries a meaningful premium over the standard 1840 once attribution is confirmed, and unattributed examples in dealer inventory occasionally turn up at standard-date money. Anyone working the early years of the series benefits from carrying calipers. For wider context, see the Liberty 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)
EF-40 Extremely Fine (EF)
AU-50 About Uncirculated (AU)
MS-60 Uncirculated (MS)
MS-63 Choice Uncirculated (MS)
Frequently Asked QuestionsFAQ
How many 1840 Broad Mill Liberty Head Gold $5 Half Eagles (Coronet Head) were minted?
137,382 were struck (Combined mintage for all 1840 P varieties).
What is a 1840 Broad Mill Liberty Head Gold $5 Half Eagle (Coronet Head) made of?
90% Gold, 10% Copper, weighing 8.359 g.
What is the melt value of a 1840 Broad Mill Liberty Head Gold $5 Half Eagle (Coronet Head)?
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 1840 Broad Mill Liberty Head Gold $5 Half Eagle (Coronet Head) a key date?
It's a more common date overall, though scarcer die varieties may carry a premium — see the varieties list.