The Great Depression marked the end of the US circulation currency produced using gold. While commemorative coins are still struck by the nation using gold, circulation currency is often struck in nickel and copper alloys. Among the last gold coins ever produced for circulation were the $10 Indian Head Eagle coins. Today, these coins are available through Silver.com.
- Ships in a protective plastic case.
- Consists of .4838 ounces .900 fine gold.
- Bears a $10 (USD) face value backed by the federal government.
- Available in this posting with a Mint State 65 grade.
- Designed by Augustus Saint-Gaudens.
During the Great Depression, President Franklin D. Roosevelt ordered the collection of all the nation’s gold coins to bolster the federal reserve. As a result of this meltdown effort, coins that survived are considered extremely rare today.
Gold coins first reached high popularity following the gold rush in California in 1849. With an influx of gold, the United States Mint launched a brand new program of gold coins consisting of $1, $2.50, $5, and $10 denominations. This coin was the final coin from the series and was the only one designed by Augustus Saint-Gaudens.
On the obverse side of the coin is Saint-Gaudens’ image of a chieftain in a headdress, which looks more like Lady Liberty than other masculine portraits. The engravings on this side include 13 stars and the year of minting. The reverse bears the image of the bald eagle standing on a quiver of arrows, wrapped in an olive branch.
These coins were struck by the United States Mint between 1907 and 1933, with the Philadelphia Mint, San Francisco Mint, and Denver Mint contributing to production. Each of the coins in this series is available in Mint State 65 grade. This condition is highlighted by high quality luster, numerous small contact marks or two larger blemishes.
If you have any questions about these rare coins from the US Mint, please feel free to call a Silver.com associate. We’re available on the phone at 888-989-7223, online through our live chat service, and via email. If you are looking for similar coins, please check out the $5 Indian Gold Half Eagle MS64 and the $2.50 Indian Gold Quarter Eagle MS64.