United States 1834 5 dollars KM-57
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The capped bust five dollars of 1813-34 (Fr-132) contained 0.257 troy oz of gold. The coin contained more than five dollars worth of gold and they were bought up and exported as quickly as speculators could obtain them from the mint. After much wrangling in Congress, an act was passed in 1834 reducing the weight to 0.241 troy oz, which weight the coin maintained until 1929, when production ceased. To mark the 6.5% change, the design was modified, resulting in this "classic head" type of 1834-38. Plain 4 and crosslet 4 varieties exist for the year.
Recorded mintage: 657,460, common for the type.
Specification: 8.36 g, 0.899 fine gold, 22.5 mm diameter; reeded edge.
Catalog reference: KM 57, Fr-135.
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- Breen, Walter H., Walter Breen's Complete Encyclopedia of U. S. and Colonial Coins, New York: Doubleday, 1987.
- Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
- Yeoman, R. S., and Kenneth Bressett (ed.), A Guide Book of United States Coins, 65th Ed., Atlanta, GA: Whitman Publishing, 2011.
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