Indian Head $5 (Half Eagle)

Like all $ 5 gold coins produced by the U.S. Mint, the indian Head $ 5 gold coin is besides called a half eagle. This indian Head coin was struck from 1908 to 1929, but production was stopped between 1917 and 1928. One revolutionary thing about the blueprint of this coin is that the images are all recessed rather of raised. No american coins had ever been designed or produced like this ahead, which means that indian Head coins wear a bit differently than most coins. however, this can complicate coin grading for collectors who are used to judging the grade of raised designs. According to the NCG, this coin can be found in lower mint state grades but is very rare in what is called “ gem quality ” grades like MS-65. In 1914, the Philadelphia Mint only produced 247,000 of these coins, which was much smaller than previous mintages. After 1916, the Mint halted production due to World War I. production was resumed again in 1929, but ceased entirely that same year when the Great Depression hit the area. american neologism was undergoing a major overhaul under President Theodore Roosevelt. After the redesign for the bivalent eagle and the eagle, he besides wanted to restyle the smaller denominations. The theme for sink images came a close friend of Roosevelt ’ sulfur, Boston doctor William Sturgis Bigelow. An admirer of egyptian art, Bigelow had been inspired after seeing this type of recess relief used in egyptian art at a Boston museum. After obtaining Roosevelt ’ south permission, Bigelow engaged a sculptor named Bela Lyon Pratt to create the first designs. That ’ mho why these types of one-half dollars are sometimes called Pratt-Bigelow coins. indian-head-5-dollar-half-eagle

As a result of Bigelow ’ s master idea, the native american men on the obverse and the american Eagle on the reverse side of the coin have slightly ancient egyptian spirit to them. The obverse side besides features 13 stars, representing the initial 13 colonies, arsenic well as the engraving “ LIBERTY, ” the initials “ BLP, ” and the batch year. Aside from the eagle, the change by reversal slope includes the engravings “ UNITED STATES OF AMERICA, ” “ E PLURIBUS UNUM, ” “ IN GOD WE TRUST, ” and the denomination “ FIVE DOLLARS. ”

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The $ 5 indian head coin consists of 90 % gold and 10 % bull. While $ 5 aureate coins may seem relatively excess these days, they could be useful during those early years of the twentieth Century. For example, celebrated cable car manufacturer Henry Ford raised his workers ’ yield from an average of less than $ 2.50 a day to $ 5 a day in 1914, which was a good daily wage then. In a time before most people had checking accounts, this proved to be a commodious way of receiving one ’ s yield. however, half eagle coins did not circulate american samoa much as eagle or double eagle coins. interestingly enough, the NGC specifications page lists the amber melt value of this coin at just about $ 281 in August of 2015 – an sum that can be considered a very well day by day wage in this day and long time. The numismatic value of these coins, evening in go around discipline, is of course well higher than the face value. even though the half eagle has never been adenine coveted as the quarter eagle ( one of the rarest twentieth hundred American gold coins in higher grades ), its cute metallic element message and historic prize interpret it an attractive option for both amber investors and coin collectors. furthermore, there are 24 different half eagle coins by date and mintmark, and some coins are about impossible to find .

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