Indian $5 (1908 - 1929)

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Indian Head $5 Gold Coin (1908–1929): A Bold Numismatic Innovation

The Indian Head $5 Half Eagle, designed by Bela Lyon Pratt, stands as a remarkable departure from traditional U.S. coin designs. Introduced in 1908, its recessed or incuse design—where the field is the highest part—was groundbreaking and is highly sought after by collectors today. This unique series spanned the years from 1908 to 1929, embodying both artistry and history.

Key Specifications

  • Designer: Bela Lyon Pratt
  • Issue Dates: 1908–1929
  • Composition: 90% gold, 10% copper
  • Diameter: 21.6 mm
  • Weight: 8.36 grams (129.01 grains)
  • Edge: Reeded

Distinctive Design Features

Obverse:

The obverse features a proud Indian chief facing left, adorned with a feathered headdress. The word LIBERTY is inscribed above, flanked by six stars on the left and seven on the right, with the date below.

Reverse:

The reverse showcases a majestic eagle perched on a branch or log, symbolizing strength and resilience. Surrounding inscriptions include UNITED STATES OF AMERICA above, E PLURIBUS UNUM to the left, IN GOD WE TRUST to the right, and FIVE DOLLARS below.

Minting History and Availability

Indian Head $5 Half Eagles were produced at several U.S. Mint facilities:

  • Philadelphia Mint: Minted coins from 1908–1915 and resumed for the final year in 1929.
  • Denver Mint: Struck coins in 1909, 1910, 1911, and 1914.
  • San Francisco Mint: Produced coins from 1908–1916.
  • New Orleans Mint: Minted in 1909 only, marking the final year of operation for this facility.

This series saw a total mintage of over 14 million business strikes, with an additional 1,177 proofs minted for collectors. Despite generous production figures, coins in pristine condition are notably scarce due to the coin's unique design, which left the raised field vulnerable to marks and abrasions.

Collectibility and Investment Potential

  • Accessibility: Indian Head $5 gold coins are readily available in grades ranging from Very Fine to AU, making them an excellent choice for type collectors.
  • Uncirculated Examples: Coins in Mint State grades are scarcer, with superb Uncirculated specimens being exceedingly rare.
  • Proofs: These low-mintage collectibles are highly prized and represent some of the finest examples of Bela Lyon Pratt's artistry.

The recessed design, while innovative, made the coins susceptible to wear and bag marks, adding a layer of complexity to finding high-grade examples. This characteristic has driven demand for well-preserved specimens.

Why Collect the Indian Head $5 Gold Coin?

  1. Unique Design: The recessed or incuse design sets it apart from other U.S. coinage, offering collectors a truly distinctive piece.
  2. Historical Significance: Issued during an era of significant American growth, this coin bridges the gap between the Gilded Age and the Roaring Twenties.
  3. Scarcity in High Grades: Its susceptibility to wear makes high-quality examples a valuable investment.
  4. Broad Appeal: Ideal for both new and experienced collectors, with options ranging from circulated coins to rare proofs.

Add the Indian Head $5 Gold Coin to Your Collection

Explore the artistry and history of the Indian Head $5 Half Eagle at ParadimeCoins.com. Whether you're building a type set or seeking an investment-grade coin, our carefully curated selection has something for every numismatist. Don’t miss your chance to own a piece of American history—shop now!