The US 1796 Half Eagle $5 was the first gold coin minted by the United States, made of 91.67% gold. This coin marked a significant step in the establishment of the U.S. monetary system, reflecting the nations desire to create a stable currency backed by precious metals. In 1796, the U.S. was still a young nation, and the US 1796 Half Eagle $5 played a key role in facilitating trade and international relations, especially with Europe.
Politically, the coin was minted under the presidency of George Washington, during a time of growing financial infrastructure. The US 1796 Half Eagle $5 featured a portrait of Liberty, symbolizing the nation’s independence and strength. As the first gold coin, the US 1796 Half Eagle $5 laid the foundation for U.S. coinage, helping the fledgling country establish its place in the global economy.