Blog

  • 1909 P Gold $2.50 Indian Head Quarter Eagle Coin

    5:19 AM PST, 2/9/2007

    This new type of minting the $2.50 Indian Head Gold Quarter Eagle coin represents a departure from all precedents in United States Coinage. The design features No raised edges, and the main devices and legend's are for the first time ever incuse (sunk below the surface of the coins face.

    After its release to the public, there was some concern that the recessed design of the new Quarter Eagle would be more prone to collecting germs - an unfounded fear.

    Numismatists of the time expressed dismay, loudly, regarding the artistry of the design its self.

    The general public was therefore not very interested in adding this coin to their collections, given the fact that the coins were considered to be more prone to harbor germs. Combine this general public perception with the vast majority of Numismatists of the era regarding their disdain of the artistry of this "new" and very unexpected major change in gold coin design, and here we are almost 100-years later with very few survivors in most any condition.

    The general mintage per year total during this coin production from 1908 - 1929 was an average of only 400,000 all minted at the Philadelphia Mint. Please note that the Denver Mint produced Indian Head Quarter Eagles in 1911 (by far the key date coin for this series), 1914, and once more during 1925.

    Of special interest is the fact that these Indian Head Quarter Eagles were not Minted at all for a NINE YEAR period. There are no 1916 through 1924 Indian Head Quarter Eagles known to exist, and no Mint records that any were minted.

    All this being said it is no wonder that this is now a highly desired, and amazingly affordable set to put together. Providing you have plenty of time to search for the lesser grades, or money is not an object.

    There were 139 Proof Coin produced in 1909, and only 100 Proofs produced in 1915. They seem to be at current list prices to be a great investment opportunity.

    I am still researching why there was the nine year production lapse between 1916 - 1924. Any suggestion would be welcome.

    Thanks for reading my FIRST EVER BLOG!

    Ken - HTTP://www.catseyecoins.com