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By 1834, the gold in the half eagle had been worth more than its face value for several years. The Act of June 28, 1834 called for a reduction in the gold used. The weight of the coin was reduced to 8.36 grams, the diameter reduced to 22.5 mm, and the composition changed to .8992 gold and .1008 silver and copper.
Seven distinct types of coin composition have been used over the past 200 years: three base coin alloys, two silver alloys, gold, and in recent years, platinum and palladium. The base metal coins were generally alloys of copper (for 2 cent coins and lower), and copper/nickel (for 3 and 5 cent coins). Copper/nickel composition is also used for ...
The Indian Head gold pieces or Pratt-Bigelow gold coins were two separate coin series, identical in design, struck by the United States Mint: a two-and-a-half-dollar piece, or quarter eagle, and a five-dollar coin, or half eagle. The quarter eagle was struck from 1908 to 1915 and from 1925–1929.
The 22 kt gold alloy is an English standard traditionally referred to as "crown gold". Crown gold alloys had not been used in U.S. coins since 1834, with the gold content having dropped since 1837 to a standard of 0.900 fine for U.S. gold coins. For American Gold Eagles the gold fraction was increased again to .9167 or (22 karat).
In 1982, the US Mint resumed its commemorative coin program with the George Washington 250th Anniversary half dollar. Unlike the original commemoratives, only a few coins are released each year and are more popular with collectors. [10] The Library of Congress eagle of 2000 was the first bi-metallic coin issued by the US Mint. [11]
The George Washington Commemorative Coin Act of 1996 (Pub. L. 104–329 (text)) authorized the production of a commemorative $5 gold coin to commemorate the life of George Washington, leader of the Continental Army during the American Revolutionary War and the nation's first commander-in-chief.
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