$5 Gold Half Eagle Indian Head - Extra Fine XF (Random Year)

$5 Gold Half Eagle Indian Head - Extra Fine XF (Random Year)

Introduction:

One of the only two coins among all the United States coins to have a sunken relief or incused design and that honor goes to $5 Gold Half Eagle Indian Head. This coin was produced as an initiative to beautify American coins by President Theodore Roosevelt. The designer of this coin is Bela Lyon Pratt, a famous sculptor from Boston. The coin was minted from 1908-­1929. Due to its age, magnitude, artistic value, and bullion value, it is a favorite coin among collectors and investors.

Coin Features:

• Contains .2419 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 device. 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 “FIVE 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, Denver, New Orleans, San Francisco
• Individual coins will come in protective plastic flips. Multiples of 40 will come in protective plastic tubes.

• 100% Authentic.

Why Buy Gold Quarter Eagle Indian Head?

• Pre­-1933 gold coins have a lot of demand in the market.
• The Half Eagle is made from .900 gold and contains a 10% copper alloy which makes it strong and durable and easy to store.
• The unique sunken high relief designs add amazing artistic value and the gold content adds bullion value which makes it a favorite among collectors and investors.
• The half eagle has only 24 pieces by date and mint mark, hence easy to complete a set.

• Strengthens and broadens your investment portfolio.

Detailed Information:

A great art lover and a physician from Boston, Dr. William Sturgis Bigelow was impressed by the incused Egyptian art work at the Boston Museum of Fine and he had aroused the interest of President Theodore Roosevelt, a close friend, to adapt this technique for the U.S. coinage.

With Roosevelt’s approval, he engaged a famous sculptor from Boston, Bela Lyon Pratt to make coin models having incused designs. Pratt developed design on the obverse of a leftward facing portrait of realistic-­looking male Native American with a detailed headdress and on the reverse had an incused design of a majestic looking bald eagle perched on a bunch of arrow and holding an olive branch in its talons to symbolize preparedness and peace.

These coins entered circulation almost at the end of 1908. From 1839, the Half Eagle, which featured Lady Liberty wearing a coronet in her hair, had not seen much change in its design except adding the motto “IN GOD WE TRUST.” In almost 70 years now, for the first time there was a fundamental change in the device of the coin, which instead of Lady Liberty featured a male Native American on the obverse, and the unusual sunken relief of the design all added to public perturbation, which lead people to dislike this new coin.

Among them, the loudest critic was a noted numismatist from Philadelphia, Samuel Chapman, who left no stone unturned to derail the new coin. He had a list of mistakes to pinpoint in his letter to President Theodore Roosevelt. He felt that the portrait of the Native American was emaciated, he felt the coin could be easily counterfeited on a blank metal, he also felt that the coin could not stock well and that the sunken relief could accrue dirt and harbor germs that could lead to health problems among people. None of this could move the unshakable faith of Theodore Roosevelt in the coin and he gave a befitting reply back to Chapman.

The coins continued to be minted from 1908 to 1916 where they enjoyed great usage and success proving all the critics wrong. Then the minting of these coins were stopped for a whopping 13 years. One last time, the coins were minted in 1929, before they were completely stopped.

In 1909, these coins were minted in four different US mints; Philadelphia, Denver, New Orleans, San Francisco and bear the mint marks of the Mint they were minted at. There are only 24 pieces by date and mint mark and this is the second shortest coin series in the US coin history, first being the Quarter Eagle.

These Gold Eagle Indian Head coins are famous for their age, rarity, historical significance, unique incused design and artistic value. They have a high demand in market by investors and collectors alike.

Bullion Exchanges is pleased to offer you these $5 Gold Half Eagle Indian Head at one of the most competitive prices in the industry.

Feel free to browse our vast collection of Pre­-1933 US Gold coins today to become a proud owner of an inseparable part of American coinage history. Feel free to contact us at 800­-852-­6884 if you have any questions in regards to Pre­-1933 gold coins.

You may also be nterested in $5 Gold Half Eagle Liberty Head NGC MS 62 (Random Year), $5 Gold Half Eagle Indian Head PCGS AU 53 (Random Year) and 0.6 oz $10 Gaming Token .999 Fine Silver (Random Design).