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The Turban design was used on the gold Quarter Eagle, Half Eagle, and Eagle from 1795 to 1834. [6] On the Quarter and Half Eagles, the Turban design was replaced with the regular Capped Bust design in 1808 and 1807, respectively, [ 7 ] while the Eagle, having been out of production since 1804, adopted the "Coronet" Liberty Head design in 1838.
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.
The Turban Head eagle, also known as the Capped Bust eagle, was a ten-dollar gold piece, or eagle, struck by the United States Mint from 1795 to 1804. The piece was designed by Robert Scot, and was the first in the eagle series, which continued until the Mint ceased striking gold coins for circulation in 1933.
The 1-ounce gold bar is what is used to calculate live gold prices. There is also a troy ounce, which is the unit used when measuring precious metals. With troy ounces, 12 ounces equal one pound.
This practice led to significant coin rarities in the Capped Bust series of gold coins minted from 1808 to 1834. [3] Gold specie fineness was reduced from .9167 fine to .8992 fine and the gold to silver ratio was increased to 16:1. This action was extremely astute and ensured that the new $2.50 and $5 coins would remain in circulation.
Containing 2.4286 troy ounces (2.6645 oz; 75.54 g) of gold and measuring 44.9 millimetres (1.77 in) across for the octagonal) and 43 millimetres (1.7 in) in diameter for the round, [56] the $50 pieces were the largest and heaviest U.S. coins issued [57] until surpassed in 2010 by the America the Beautiful silver bullion coins.
Relatively few coins were struck prior to 1834, owing to their higher gold content (promoting melting for their bullion content). The first issues were struck in 1796. [2] The quarter eagle denomination was officially discontinued in 1933 with the removal of the United States from the Gold Standard, although the last date of issue was 1929.
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