1909 Indian Head 2 1 2 Dollar Gold Coin
The 1909 Indian Head 2 1 2 Dollar Gold Coin is a rare and valuable coin that is sought after by collectors and investors alike. It was designed by Bela Lyon Pratt and was minted between 1908 and 1929. The coin is made of 90% gold and 10% copper, and has a weight of 4.18 grams.
The Design
The obverse of the coin features the head of a Native American chief in full headdress, facing left. The word "LIBERTY" is inscribed above the head, and the year of mintage is located below. The reverse of the coin features an eagle in flight, with the words "UNITED STATES OF AMERICA" and "2 1/2 DOLLARS" inscribed around the edges.
The Rarity
The 1909 Indian Head 2 1 2 Dollar Gold Coin is considered rare, with only 381,000 coins minted that year. However, the rarity of the coin is not solely based on its mintage numbers. The coin was also subject to melting during the gold recall of 1933, which further limited its availability.
The Value
The value of the 1909 Indian Head 2 1 2 Dollar Gold Coin is determined by several factors, including its condition, rarity, and historical significance. As of 2021, the coin is valued at around $700 to $800 in circulated condition, and up to $15,000 in uncirculated condition.
The History
The Indian Head 2 1 2 Dollar Gold Coin was first minted in 1908, replacing the Liberty Head design that had been used since 1840. The new design was intended to represent the United States' growing interest in Native American culture and art. The coin was minted until 1929, when it was replaced by the Indian Head Quarter Eagle.
The Investment
The 1909 Indian Head 2 1 2 Dollar Gold Coin is a popular investment choice for collectors and investors alike. Its rarity and historical significance make it a valuable addition to any portfolio. However, like all investments, the value of the coin can fluctuate over time.
The Authentication
When purchasing a 1909 Indian Head 2 1 2 Dollar Gold Coin, it is important to ensure that the coin is authentic. There are many counterfeit coins on the market, and it is important to work with a reputable dealer to ensure that the coin is genuine. Look for coins that have been certified by third-party grading services, such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).
The Conclusion
The 1909 Indian Head 2 1 2 Dollar Gold Coin is a rare and valuable coin that is sought after by collectors and investors alike. Its unique design, rarity, and historical significance make it a popular choice for those looking to add a valuable piece to their collection or investment portfolio. When purchasing a 1909 Indian Head 2 1 2 Dollar Gold Coin, it is important to work with a reputable dealer and ensure that the coin is authentic.