The 1829 Capped Bust Gold $5 Half Eagle with the Large Date is a notable variety among early American gold coinage. Here's some information about this coin:
Design: The Capped Bust Gold Half Eagle, designed by John Reich, features a bust of Liberty facing left on the obverse, wearing a Liberty cap or "freedom cap." The date is located below Liberty's bust.
The reverse depicts a heraldic eagle with outstretched wings, holding arrows and an olive branch in its talons. The eagle is surrounded by a wreath, and the denomination "5 D." is below.
1. Variety: The 1829 Capped Bust Gold $5 Half Eagle is known for two distinct date sizes: the Large Date and the Small Date varieties. The Large Date variety is characterized by larger numerals in the date, particularly noticeable in the "2" and "9" of the year.
Historical Context: The 1829 Capped Bust Gold $5 Half Eagle was minted during a period of economic and political change in the United States.
Economic Environment: The early 19th century was marked by economic fluctuations, including the Panic of 1819, which led to financial instability and a contraction of credit.
The subsequent era saw efforts to stabilize the economy, including the rechartering of the Second Bank of the United States in 1816, which aimed to regulate currency and control inflation.
Andrew Jackson's Presidency: The presidency of Andrew Jackson, which began in 1829, brought significant political and economic changes to the United States.
Jackson's policies, such as his opposition to the Bank of the United States and his emphasis on westward expansion, had profound effects on the nation's monetary system and economic development.