.5 Gold Quarter Eagle Indian Head - Extra Fine XF (Random Year)

Description

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.5 Gold Quarter Eagle Indian Head - Extra Fine XF (Random Year)
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Product Description
.5 Gold Quarter Eagle Indian Head - Extra Fine XF (Random Year)
Specifications:
Year:
Random
Condition:
Extra Fine
Fineness:
.900
Denomination:
.5
Actual Weight:
0.1209 troy oz
Gross Weight:
4.18 grams
Diameter:
18 mm
Thickness:
1.14 mm
Mint/Brand:
US Mint
One of the shortest series in the U.S. Coinage history with multiple interesting merits, the
.5 Gold Quarter Eagle Indian Head
has carved itself a niche in the world of precious metal coins. The coin is popular for its unique incused designs that has captivated the numismatists’ undivided attention. There is just one more coin in the entire American coinage to have a similar incused design and that is the Gold Half Eagle. The
Gold Eagle Indian Head coin
was minted from 1908 to 1929. The designer of these coins is a sculptor from Boston, Bela Lyon Pratt. The immense artistic merit, the novel minting process, age, rarity, condition all make this coin a numismatist’s and investor’s favorite.
Coin Features:
Contains .12094 Troy oz of .900 fine gold.
Eligible for Precious Metal IRA
Extra Fine (XF) Condition.
Obverse: Displays a leftward facing portrait of realistic-­looking male Native American
wearing a headdress in the center. The date, 13 stars, and the motto Liberty form a circle
around this central image. Designed by Bela Lyon Pratt.
Reverse: Features a majestic bald eagle perched on a bunch of arrows and holding an olive
branch in its talon. Inscriptions: "United States of America", "E Pluribus Unum", "In God We
Trust" and the denomination “2 1/2 Dollars.” Designed by Bela Lyon Pratt.
Minted from 1908­-1929, dates and mint mark will be chosen randomly based on availability.
U.S. Mint issue from the following mints: Philadelphia or Denver.
Individual coins will come in protective plastic flips. Multiples of 50 will come in plastic
tubes.
President Theodore Roosevelt felt an artistic quality was missing in the American coinage of the 19th century. He felt that the boring designs that have hardly seen any change for the past 60 years had to
go through a facelift. He put the responsibility of modernizing the American coin designs on the
shoulders of his friend and a famous sculptor of the time, Augustus Saint­-Gaudens. He had to give a
facelift for four denominations the Double Eagle, Eagle, Half Eagle, and Quarter Eagle.
The designs of the Double Eagle and the Eagle opened to rave reviews by the public, and came to be
known as the most beautiful coins in the American Coinage History. Unfortunately, before he could
complete designing for the remaining two lower denominations, Augustus Saint­-Gaudens lost his life to
cancer in August 1907.
Dr. William Sturgis Bigelow, physician Boston plays an important role in the designs of the Quarter
and Half Eagle that would go down history for their unique minting process. Dr. Bigelow was a close
friend of President Theodore Roosevelt, who had been working with a sculptor in Boston, Bela Lyon
Pratt to come up with a new coin design which had an incused or sunken relief instead of the normal
raised relief coins which had a lot of practical aspects to it like easy stacking, protection of the design,
and also would give a high relief design. When he wrote to the President about it, the president
expressed his interest in the concept.
Pratt at once got to work on the model. He used Saint­-Gaudens’ Gold Eagle Indian Head obverse
design which features Lady Liberty wearing a headdress as the base for his work. But instead of a
female portrait, he used an unknown male Native American portrait from his collection of photograph
for the design. He designed a leftward facing portrait of male Native American wearing a headdress
on the obverse side with the date, 13 stars, and the motto “LIBERTY” forming a circle around this
central image.
On the reverse, the coin featured a majestic American bald eagle perched on a bunch of arrows and
holding an olive branch in its talons to symbolize preparedness and peace. Pratt could also fit in all the
inscriptions on the reverse side that are: "United States of America", "E Pluribus Unum", "In God We
Trust" and the denomination “2 1/2 Dollars.”
The president who was open to new and modern ideas loved the sunken relief design and felt that it
was very practical for commerce and gave his approval for minting it. The coins were first minted in
1908, but upon their release the coins stirred criticism. People were unfamiliar with the sunken relief
concept, they felt the coin was not good looking. Some felt the coin could not stack well. A particular
numismatist from Philadelphia, Samuel Chapman in his letter of criticism to the President wrote that
the sunken relief could accumulate dirt and harbor germs which could lead to health issues for the
people. But the president’s unshakable faith in the coin made it get a special place in the coinage
history of America.
This coin is a short lived series and has only 15 different mint and date combinations out of which 12
issues are from Philadelphia and the other 3 are from Denver. The coin was minted from 1908 to 1915
then it was paused for a decade. Again it was issued from 1925 to 1929.
Bullion Exchanges
is pleased to offer you these
.5 Gold Quarter Eagle Indian Head ­- Extra Fine
XF
at one of the most competitive prices in the industry.
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