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The Indian Head gold pieces or Pratt-Bigelow gold coins were two separate coin series, identical in design, struck by the United States Mint: a two-and-a-half-dollar piece, or quarter eagle, and a five-dollar coin, or half eagle. The quarter eagle was struck from 1908 to 1915 and from 1925–1929.
This was a lie: in fact, the 1904-dated coins sold so badly that some 15,000 were melted at the San Francisco Mint. [17] Zerbe had Averill sell the 1905 issue at a discounted price of ten dollars for six pieces. [15] As he had for the Louisiana Purchase dollar, Zerbe made the coins available mounted in spoons or in jewelry.
In December 1902, the Philadelphia Mint struck 75,080 gold dollars. These were dated 1903, a violation of normal Mint practice to have the date of striking on the coin. This was not unprecedented; the 1900-dated Lafayette dollar had been struck in December 1899. It is not known which gold dollar was first struck.
The face value of the coins totaled $27,980, but was assessed to be worth $10 million. The hoard contains $27,460 in twenty-dollar coins, $500 in ten-dollar coins, and $20 in five-dollar coins, all dating from 1847 to 1894. The collection is the largest known discovery of buried gold coins that has ever been recovered in the United States. [1]
By 1834, the gold in the half eagle had been worth more than its face value for several years. The Act of June 28, 1834 called for a reduction in the gold used. The weight of the coin was reduced to 8.36 grams, the diameter reduced to 22.5 mm, and the composition changed to .8992 gold and .1008 silver and copper.
The gold dollar weighing 1.672 g produced from 1849 to 1889 in 90% gold 10% copper. 1849 to 1853 gold dollar coins were 13 mm across and are called Type I. Type II gold dollars were thinner but larger at 15 mm diameter and were produced from 1854 to 1855. The most common gold dollar is the Type III, struck from 1856 until 1889.
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