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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.
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.
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At Roosevelt's instructions, the Mint hired Saint-Gaudens to redesign the cent and the four gold pieces: the double eagle ($20), eagle ($10), half eagle ($5), and quarter eagle ($2.50). As the designs of those pieces had remained the same for 25 years, they could be changed without an act of Congress, [54] as could the Indian Head cent. [7]
Indian, 1908-1929 Gold "Three-dollar" $3.00 coins: Photo Indian Princess, 1854-1889 Gold "Half Eagle" $5 coins: Photo Draped Bust, 1795-1807 Capped Bust, 1807-1834
The Gold Eagle was re-designed in 1907 as the Indian Head eagle and the $2.50 and $5 pieces followed in 1908. The Liberty Head Double Eagle was replaced with the St. Gaudens Double Eagle in 1907. The wheat penny, with the head of Lincoln on the obverse, was introduced in 1909.
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