The earliest five dollar gold pieces issued by the United States were the Draped Bust Half Eagle coins, with the image of Liberty facing to the right, produced from 1795 to 1807. From 1795 through early 1798, the coin’s reverse featured a small eagle. Later in 1798, the coin’s reverse was changed to a more detailed Heraldic Eagle design. Then from 1807 to 1834, the Capped Bust $5 Half Eagle was again redesigned, with the image of Liberty now facing to the left. Early half eagles are wonderful early American gold coinage that in the highest grades are exceedingly important numismatic pieces. Monaco searches out examples that meet very high standards for this very reason.