The Mint Act of 1834 reduced the gold content of
US coinage for the purpose of thwarting bullion speculators, who were
exporting and melting gold coins almost as soon as they left the Mint.
The lighter weight half eagle was readily distinguished from its
predecessors with the Classic Head Half Eagle design, introduced in
1834.
Designed by Engraver William Kneass, Lady
Liberty adopted thick,
curly hair, with a slightly more masculine look. The reverse remained
much the same as before.
The 1834 Classic Head Half Eagle comes in two varieties: the Plain 4
and Crosslet 4. The latter is characterized by a small serif attached
to the horizontal portion of the numeral 4. The Crosslet 4 is one of
the rarest Classic Head Half Eagle, a fact long acknowledged by
collectors.
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