$2.50 "INCUSE" Indian Head (1908-1929)
Bela Lyon Pratt, a Boston sculpture and a pupil of Augustus Saint-Gaudens, departed from the usual coin design and invented the first and only coins in U.S. history to have an "incuse" design. This means that the image of the coin is sunk below the surface of the coin instead of the raised image we are familiar with.
First struck in 1908, Indian Head $2.50 gold quarter-eagles are perhaps the most unique and fascinating coins ever minted in the United States. The artistry of the coin design was condemned by some collectors and defended by others. Today, Pratt's design, is recognized as part of the 20th century Renaissance of American Coinage.
President Theodore Roosevelt, the driving force behind so many American innovations in the early 1900s, and is credited with bringing this radical new Indian Head design into circulation. Just as he had inspired the spectacular Saint-Gaudens $20 double-eagle and Indian Head $10 eagle that debut in 1907.
Because of their unique design and unusual history, $2.50 Indian Head gold coins, are highly prized by collectors and remain in constant demand. Today they're a genuine bargain, trading near their lowest prices in 20 years, and at a small fraction of their previous highs!
With a total mintage of 7,250,261 coins, high grade examples are still affordable.
The average mintage is 483,351.
2008 marks the 100th anniversary of the "incuse" Indian Head series.
Grand Canyon National Monument is created in 1908.
The Wright Brothers patent their aircraft.
Women compete in modern Olympics for the first time.
United States Attorney General Charles Joseph Bonaparte issues an order to immediately staff the Office of the Chief Examiner (later renamed the Federal Bureau of Investigation).
Popeye the Sailor Man, a cartoon character created by Elzie Crisler Segar, first appeared in a newspaper comic strip in January 1929.
St. Valentine's Day Massacre: Seven gangsters rivalling Al Capone are murdered in Chicago, Illinois.
Babe Ruth becomes the first baseball player to hit 500 home runs in his career with a home run at League Park in Cleveland, Ohio.
"Black Thursday" crash of the New York Stock Exchange.
The New York Stock Exchange crashes, ending the Great Bull Market of the 1920s and beginning the Great Depression.
Our recommended conditions are "Mint State 62 or better",
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