Through the 1820′s, half eagles did not circulate. They were, instead, used by bullion depositors for export trade or melted by speculators due to their being worth more than face value. This problem was remedied with the passage of the Act of June 28, 1834 which lowered the weight of the quarter eagle and half eagle. A new design was rendered by William Kneass and the Classic Head half eagle series was born in the latter part of 1834.
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