Additional Information and Historical Significance:
The $5 Gold Indian Head (also known as the “Half Eagle”) was first introduced in 1908 following the end of the $5 Gold Liberty Head series, and was minted until 1929. Designed by Bela Lyon Pratt, a student of Saint-Gaudens, the $5 Gold Indian Head is the only coin in U.S. mintage history to be struck with incused legends and motifs (sunken into the coin rather than raised on the surface). When the coin was first issued in 1908 the incused design caused great controversy. Many people believed that the recessed devices would house germs and help spread disease, neither of which proved true. Given the public’s reluctance to use and preserve the coins for future generations, and since Pratt did not use rims around the coins to help protect the surface, few examples exist today in uncirculated condition. The $5 Gold Half Eagle was originally given its name by the Coinage Act of 1792, as a derivation from the U.S. $10 gold coin, known as the Gold Eagle. The purchasing power of a Gold Half Eagle in the 1800s would be equivalent to about $65-$85 today.
Given the history and the scarcity of uncirculated specimens, $5 Gold Indian Head continues to be in high demand by investors and collectors throughout the world. Many investors select certified Pre-1933 U.S. Gold coins over modern gold bullion due to the historical significance and collectability of the coins. Historically, certified pre-1933 U.S. Gold coins retain their value better when the spot price of gold falls and appreciates in value when the spot price of gold rises. Certified Pre-1933 U.S. Gold coins are a great way to invest in the gold market and the collectibles market, with a single product.
The obverse portrays a left-facing, head of an American Indian. The reverse depicts an American bald perched on a cluster of arrows, clutching an olive branch in its talons.
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