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The $2.50 Indian Head Gold Quarter Eagle is one of the most popular classic U.S. Gold coins in numismatics today. It's a gorgeous coin, and its history and unique design make this coin a real standout in the classic U.S. Gold market.

The Indian Head Quarter Eagle was designed by Bela Lyon Pratt, the student of famed sculptor Augustus Saint-Gaudens.


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President Roosevelt planned to have Saint-Gaudens redesign America's $2.50 and $5 gold pieces, but unfortunately, Saint-Gaudens passed away before this could happen.

At this time, the U.S. Mints had a hard time reproducing the inscriptions on the Saint-Gaudens design concepts on smaller denominations.

President Roosevelt convinced then Mint Director Frank Leach to use a design similar to that of Saint-Gaudens $10 Indian Head Eagle, but instead, strike the design below the coin's surface to create a high-relief effect that could be more easily replicated on the smaller denomination gold coins.

This was a unique and innovative design approach, and to date, the $2.50 and $5 Indian Head gold coins are the only circulated United States coins struck with the incused (sunken) format.

Another reason the $2.50 Indian Head Gold Quarter Eagle series is so popular with collectors is the fact that it is the only U.S. gold coin series that can be affordably completed.

Every other United States Gold coin series has at least one majority rarity, or "stopper" coin, beyond the means of the average collector.

For instance, the $5 Indian Head gold coin series has two "stopper" coins, the 1909-O and the 1929, that can't be acquired for less than $10,000 in any grade! This is why $2.50 Indian Head gold coins are in such demand. Not only are they highly unique and gorgeous, but their affordable price appeals to a broad range of gold buyers.

Market Analysis

The United States Mint began striking $2.50 Indian Head Quarter Eagles in 1908. In 1915, the U.S. Mint stopped production due to the gold shortages from WWI. Production of the series resumed in 1925 and then ended in 1929.

These last five years of the series, referred to as the short-set, are all extremely affordable in Uncirculated condition and offer exceptional value to individuals looking to own classic U.S. Gold.

If you were to study the $2.50 Indian Head gold coin market, you would see that Choice Uncirculated MS 63 examples from the last five years of production have traded above $1,150 four times since 2006 and have a peak value of $1,360. Today, you can acquire these coins for less than $900 per coin! With gold prices rising, this is truly a unique opportunity in U.S. Gold. 

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