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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 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.
As Heritage Auctions noted, when President Roosevelt recalled all gold coins in 1933, about 180,000 Double Eagles were in circulation. Today, the 1927-D Double Eagle is considered to be the rarest ...
Under the Mint Act of 1792, the largest-denomination coin was the gold eagle, or ten-dollar piece. [2] Also struck were a half eagle ($5) and quarter eagle ($2.50). [3] Bullion flowed out of the United States for economic reasons for much of the late 18th and early 19th centuries.
The GreatCollections.com website launched in late 2010, facilitating the sale and purchase of coins and paper money in online auctions. [6] It has since become well known for auctioning rare examples of American currency, [7] [8] such as the Cigarra Collection, [9] and a collection of Indian Head nickels that sold for over $500,000. [10]
The Christopher Columbus Quincentenary Coin Act (Pub. L. 102–281) authorized the production of three coins, a clad half dollar, a silver dollar, and a gold half eagle, to commemorate the 500th anniversary of Christopher Columbus' discovery of America. The act allowed the coins to be struck in both proof and uncirculated finishes. [1]
The 1988 Olympic Commemorative Coin Act (Pub. L. 100–141) authorized the production of two coins, a silver dollar and a gold half eagle. Congress authorized the coins to support the training of American athletes participating in the 1988 Olympic Games. The act allowed the coins to be struck in both proof and uncirculated finishes. [1]
Between 1838 and 1840, the silver content was reduced to zero—the eagle in 1838, half eagle in 1839, and quarter eagle in 1840, [6] — resulting in U.S. gold coins being 90% gold and 10% copper. Using only copper as the alloy in gold coins matched longstanding English practice (see crown gold). [7]
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