As the nation battled against the crippling financial circumstances of the Great Depression, the United States government decided to take decisive action in an effort to halt the devastation of the nation’s financial collapse. As gold coins were collected and melted down for use in gold bars, only a few thousand of the millions of coins melted survived. Coins such as the $2.50 Indian Gold Quarter Eagle are now extremely rare, and available now from Silver.com.
- Consists of .12094 ounces of .900 pure gold.
- Bears a $2.50 (USD) face value issued by the United States government.
- Available in this listing Mint State 65 condition.
- Designed by Bela Lyon Pratt.
- Ship in a protective plastic sleeve.
- Limited availability.
Prior to the 1830s, very few coins in circulation in the United States were struck using gold. The metal was not overly abundant, and did not resist wear as well as other precious metals. The discovery of gold in the 1830s in Georgia and the Carolinas jumpstarted the production of gold coins, while the California Gold Rush flooded the coffers of the Treasury Department with excessive gold.
One of the final circulation coins struck in the US using gold was the $2.50 Indian Gold Quarter Eagle. These coins feature a unique, incuse coining process. Rather than featuring raised designs, the coining process resulted in a sunken appearance for the design features on both sides of the coin.
The obverse side features the image of a Native American chieftain. Designed in left-profile relief with a full headdress on, he is visible with 13 stars encircling his image, the word “Liberty” engraved above, and the year of minting below.
On the reverse is the depiction of a bald eagle. Often included with arrows and an olive branch in its talons, this version shows the eagle atop a quiver of arrows, with an olive branch intertwined around the arrows. Each of the coins in this product listing is in Mint State 65 grade. Coins in this condition have an attractive, high quality of luster with a few small, scattered contact marks. There may also be two larger marks present.
If you have questions for a Silver.com associate about these coins, please feel free to contact us at 888-989-7223. You can also contact us online using our live web chat or email services. If you are looking for similar products, check out Silver.com’s $2.50 Indian Gold Quarter Eagle MS64 and the $2.50 Liberty Gold Quarter Eagle MS63.