1912 Gold 2 1/2 Dollar Coin Value
The 1912 Gold 2 1/2 Dollar Coin, also known as the Indian Head Quarter Eagle, was minted from 1908 to 1929. It is a rare and valuable coin that is sought after by coin collectors and investors alike. In this article, we will discuss the value of the 1912 Gold 2 1/2 Dollar Coin, its history, and what makes it so valuable.
History of the 1912 Gold 2 1/2 Dollar Coin
The 1912 Gold 2 1/2 Dollar Coin was designed by Bela Lyon Pratt, an American sculptor. It features the image of a Native American Chief on the obverse side, and on the reverse side, an eagle standing on arrows and an olive branch. The coin was minted in Philadelphia, Denver, and San Francisco.
The Indian Head Quarter Eagle was introduced in 1908, replacing the Liberty Head Quarter Eagle. The design was unique, as it was the first time that a Native American was featured on a US coin. The Indian Head Quarter Eagle was minted until 1929, when it was replaced by the Gold Quarter Eagle.
What Makes the 1912 Gold 2 1/2 Dollar Coin Valuable?
There are several factors that contribute to the value of the 1912 Gold 2 1/2 Dollar Coin. First, the coin is made of 90% gold and 10% copper, which gives it a high intrinsic value. Second, the coin is rare, as only 197,000 were minted in 1912. Third, the coin is in demand among coin collectors and investors, which drives up the price.
The condition of the coin also affects its value. A coin that is in excellent condition will be worth more than a coin that is in poor condition. The grading of the coin is important, as it determines its condition. The grading scale ranges from Poor to Mint State, with Mint State being the highest grade.
Value of the 1912 Gold 2 1/2 Dollar Coin
The value of the 1912 Gold 2 1/2 Dollar Coin varies depending on its condition, rarity, and demand. As of 2021, a 1912 Gold 2 1/2 Dollar Coin in Mint State condition can fetch over $1,000. A coin in Poor condition can still be worth around $200.
It is important to note that the value of the 1912 Gold 2 1/2 Dollar Coin can fluctuate based on market conditions and supply and demand. It is always a good idea to consult with a professional coin dealer or appraiser to get an accurate value of your coin.
Conclusion
The 1912 Gold 2 1/2 Dollar Coin is a rare and valuable coin that is sought after by coin collectors and investors. Its unique design, high gold content, rarity, and demand contribute to its value. If you have a 1912 Gold 2 1/2 Dollar Coin, it is important to have it appraised by a professional to determine its value.