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Indian Head $2.5 Dollars
Indian Head $2.5 Dollars
Date
Mintage for
Circulation

Mintage
of
 Proofs

1908
564821
236
1909
441760
139
1910
492000
682
1911
704000
191
1911-D
55.68
0
1912
616000 197
1913
722000
165
1914
240000
117
1914-D
448000
0
1915
606000
100
1925-D
578000
0
1926
446000
0
1927
388000
0
1928
416000
0
1929
532000
0

Approximately tenth ounce of pure gold.

Design by Bela Lyon Pratt commissioned by Teddy Roosevelt.

Sunken-relief design also known as Incused, one of two U.S. coins with this design. (Design shared by the $5 Indian)

Struck at the Philadelphia Mint (1908-1915, 1925-1929) and the Denver Mint (1911, 1914, 1925)

Total Mintage: 7,250,261 Unc., 1,827 Proof’s

Obverse Design: Depicts a realistic-looking Indian brave in a war bonnet, with the date, thirteen stars and the motto LIBERTY forming a circle around this central device.

Reverse Design: Shows an eagle in repose, perched upon fasces and an olive branch, the intertwined symbols of preparedness and peace. Through judicious sizing and placement, Pratt succeeded in incorporating four different inscriptions on this side, (UNITED STATES OF AMERICA, E PLURIBUS UNUM, IN GOD WE TRUST and the statement of value) without causing the coin to seem unbalanced, cluttered or cramped.

The coin features a Reeded Edge.

Mint Mark Location: Raised on reverse to the left of the arrows.

Popularity was poor during the times of issue due to the incused design.  People thought the crevices would carry diseases which was a huge issue of the time (also inaccurate) adding to the low mintage.

With just fifteen different date-and-mint combinations (twelve issues from the Philadelphia Mint and three from Denver), the series is one of the smallest in U.S. coinage, making a complete set attainable for many collectors.

It is actually two sets in one. Coins were made from 1908-1915 consecutive (long set), then from 1925-1929 (short set).

Lowest Mintages: 1911-D (55,680) 1914 (240,000)

Rare Dates: 1911-D is the rarest of the collection and is considered a true “classic rarity”. 

Market High: MS63: $2,535 (June 2, 1989) (Prices are estimated retail)
MS64: $5,500 (June 2, 1989)
MS65: $15,350 (June 2, 1989)
Market Low:

MS63: $535 (Sept 22, 2000) (Prices are estimated retail)
MS64: $835 (Oct 13, 2000)
MS65: $1,800 (Jan 4, 1980)

Total Graded by NGC: 139,028 Unc, 610 Proof’s
MS63: 28,715
MS64: 18,677
MS65: 2,950
Total Graded by PCGS: 93,171 Unc, 404 Proof’s
MS63: 20,985
MS65: 2,762
Combined NGC & PCGS Populations: 232,199 Unc, 1,014 Proof’s
MS63: 49,700
MS64: 32,942
MS65: 5,712
 
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