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1867 Proof

Gold Coins · Liberty Head Gold $5 Half Eagles (Coronet Head) · 1839–1908
Regular Proof
Weight8.359 g
Diameter21.6 mm
MintPhiladelphia
StrikeProof
EdgeReeded
Alignment↑↓ Coin
Composition90% Gold, 10% Copper
DesignerChristian Gobrecht
Collector's Key IDCK-5932

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About this coinHistory

The 1867 Proof Liberty Head Half Eagle belongs to the second year of the Type 2 With Motto subtype, the variant created in 1866 when IN GOD WE TRUST was added to the reverse on a banner above the eagle. Researcher John Dannreuther reports a proof mintage of roughly fifty pieces, struck on polished planchets at the Philadelphia Mint and reserved almost entirely for advanced specialists, the Mint Cabinet, and presentation requests. Business strike production for the same year reached only 6,870 coins, itself a low figure that reflects the slow postwar recovery of gold output. Survivorship has been brutal. The reported proof census today stands well below the original mintage, with most attrition tied to nineteenth-century cleaning and melting during periods of bullion appreciation.

Authenticating an 1867 proof requires confirming true specimen surfaces rather than a polished business strike posing as one. Genuine examples show squared rims, deeply reflective fields that flash watery silver under a single point light, and complete radial lines inside every star. Weight should fall within the 8.359 gram standard at a diameter of 21.6 millimeters with a reeded edge, and the 90 percent gold composition yields the warm straw color characteristic of Philadelphia proofs. Compare die markers against the Dannreuther plate coin, paying close attention to the date position relative to Liberty's bust truncation and to the placement of the motto banner above the eagle. Orange-peel surface texture, soft star centers, weak motto detail, or hairlines from past wiping are immediate disqualifiers.

Modern collectors treat the 1867 proof as a foundational early Type 2 With Motto issue and a building block for any serious half eagle proof set. Auction appearances are infrequent, and provenance carries unusual weight because so few examples trace cleanly to nineteenth-century cabinets such as Garrett, Eliasberg, or Norweb. PCGS and NGC populate the census mostly between PR60 and PR64, with cameo designations adding a substantial premium when original frost has survived intact. Buyers should insist on certification from a major service and verify that the proof attribution matches Dannreuther's plate rather than a deeply prooflike business strike. For broader context on production, type changes, and survivorship across the run, see the Liberty Head Half Eagle series history.

Price guideReference

Reference data only — not an appraisal.

GradeDescriptionLowHigh
PR-63 Proof (PR)
Frequently Asked QuestionsFAQ
What is a 1867 Proof 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 1867 Proof 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 1867 Proof 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.