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1886-S

Gold Coins · Liberty Head Gold $5 Half Eagles (Coronet Head) · 1839–1908
Regular
Weight8.359 g
Diameter21.6 mm
MintSan Francisco
StrikeCirculation strike
Mintage 3,268,000
EdgeReeded
Alignment↑↓ Coin
Composition90% Gold, 10% Copper
DesignerChristian Gobrecht
Collector's Key IDCK-6008

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About this coinHistory

The 1886-S Liberty Head Half Eagle came from a San Francisco Mint working at full stride, delivering 3,268,000 coins in a single year. That figure ranks among the largest S-mint half eagle outputs ever recorded for the series and reflects how thoroughly West Coast commerce ran on gold during the mid-1880s. California banks needed circulating coin to settle accounts, Pacific shipping firms paid suppliers in gold, and the booming trade with Asia and Latin America pulled additional pieces out of vault storage. The San Francisco facility had built its reputation on producing reliable bullion-grade coinage at high volume, and 1886 is a textbook example of that mission. Designer Christian Gobrecht's Coronet portrait, paired with the heraldic eagle bearing the IN GOD WE TRUST motto on the reverse, had by this point been a familiar sight in commerce for nearly half a century.

Authentication of the 1886-S leans on standard Coronet diagnostics combined with mint-specific checks. Genuine pieces weigh 8.359 grams and measure 21.6 mm in diameter, with a reeded edge and the 90% gold, 10% copper alloy that gave half eagles their warm orange-yellow tone. The S mintmark sits on the reverse below the eagle, and authenticators study its shape, position, and surface texture for evidence of tampering, since added mintmarks have appeared on altered Philadelphia coins offered as branch-mint pieces. Die markers vary because San Francisco used multiple die pairs to handle the heavy output, and reference photos from major grading services help match suspect coins to known die states.

For modern collectors, the 1886-S is one of the most accessible date-and-mint combinations in the entire Liberty Head series. Survivors are common in circulated grades and reasonably available in lower Mint State, making this issue a frequent choice for type collectors who want a representative S-mint Coronet at sensible cost. Higher Mint State examples become genuinely scarce, and gem pieces with strong luster and minimal contact marks command real premiums when they cross the auction block. Date and mint-set collectors building a complete San Francisco run should pick this date up early while options remain plentiful. For broader background on the design, denomination, and how this coin fits the larger picture, 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) $865 $995
EF-40 Extremely Fine (EF) $885 $1,025
AU-50 About Uncirculated (AU) $880 $1,015
MS-60 Uncirculated (MS) $930 $1,075
MS-63 Choice Uncirculated (MS) $1,305 $1,385
Frequently Asked QuestionsFAQ
How much is a 1886-S Liberty Head Gold $5 Half Eagle (Coronet Head) worth?
In Very Fine condition it runs about $865–$995, rising to roughly $930–$1,075 in Uncirculated. These are reference values, not an appraisal.
How many 1886-S Liberty Head Gold $5 Half Eagles (Coronet Head) were minted?
3,268,000 were struck.
What is a 1886-S 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 1886-S 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 1886-S 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.