The 1795 Draped Bust Half Eagle with the small eagle reverse represents the first gold coin ever produced by the United States Mint. This important status makes it a very popular issue with collectors. The mintage is typically quoted at 8,707 pieces, although some sources have mentioned the possibility of a slightly higher mintage.
Due to the limited mintage, the issue is scarce at all grade levels although a surprising number of examples have survived. Circulated examples can be acquired with a bit of effort, although many of these pieces will lack eye appeal. Uncirculated examples are rare, usually extensively bagmarked and always in demand.
A few high grade uncirculated pieces exist, but these have all sold for strong amounts of money at auction. Some prooflike pieces exist as well, although even those can lack eye-appeal. An example graded NGC MS 65 Prooflike sold for $345,000 at auction in January 2011. An example graded PCGS MS64 sold for the even higher price of $373,750 in January 2008.