Gold Indian Head Eagle

The Indian Head Gold Eagle is one of the most valuable coins on the global market today. Not only is it a preferred coin, but its numismatic value preserves history in a way other coins cannot. It also has a colorful history, and it took courage to introduce it at the turn of the century.

The coin was minted from 1907 to 1916 and then irregularly until 1933. The market value of a 1933 Indian Gold Eagle varies from $75,000 to more than $1 million, depending on grade. Mint-condition coins routinely sell for hundreds of thousands of dollars at auction.

After President Theodore Roosevelt convinced the highly esteemed sculptor Augustus Saint-Gaudens to redesign U.S. coins in 1904, he asked the artist to make models for gold coins of different denominations.   In 1905, the artist agreed to design more coins, including this $10 one.

The Liberty Head Eagle design was first used on the one-cent piece in 1907.  Roosevelt asked Saint-Gaudens to use it on the $10 coin, with the condition that something uniquely American would be added.  The result was the Indian headdress.  However, this produced some controversy since the lettering of Liberty didn’t match well with the headdress.

Then, there was public controversy as well, since Teddy Roosevelt directed that the “In God We Trust” message had to be deleted because he felt it debased God.  This inspired Congress to take action; they ultimately passed a bill requiring that the sentence be printed on all U.S. currency consistently.

Previously, only 500 coins of this design in the $10 denomination were struck. Eventually, all but 50 were melted down out of those five hundred, making this coin quite rare.  However, other denominations were also minted, including the $2.50 (quarter eagle) and $5 (half eagle).

The first updated Indian Head Gold coins were used in 1908 and then minted annually until 1933. This all came to an abrupt halt when Franklin Roosevelt proposed and succeeded in passing the Gold Confiscation Act.

More Facts About this Indian Gold Coin

• The coin stands out due to its distinctive and artistic design, featuring Lady Liberty on the obverse side wearing a full headdress adorned with feathers.
• The year of minting on the coin is represented in Roman numerals, which is a unique feature for U.S. coins. This design element was used from 1907 to 1911.
• The Gold Indian Head Eagle contains 90% gold, with a total gold weight of 0.48375 troy ounces. It is known for its high gold content.
• The reverse side of the coin showcases a stunning American bald eagle standing on a bundle of arrows and an olive branch. This design is a revival of classic motifs.
• The edge of the coin is adorned with raised stars, which adds to its visual appeal and uniqueness.
• Beyond their collectible value, these coins also hold intrinsic value due to their gold content, making them an attractive choice for investors.

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