U.S. $2.50 Indian Head Gold Piece (1908-1929) // NGC Certified MS61 // Wood Presentation Box

The $2.50 Indian Head gold piece is a vintage American gold coin minted from 1908-1929. The U.S. government issued gold coins for circulation from 1795 to 1933 in denominations of $1 through $20. Today, however, they are seldom seen but are cherished by coin collectors, investors, and enthusiasts of American history alike.

By the early 20th century, the designs of U.S. gold coins were long overdue for a makeover. The Liberty Head design had been employed for nearly 60 years with little modification. President Theodore Roosevelt took personal interest in redesigning the nation’s gold coins and commissioned famed sculptor Augustus Saint-Gaudens to create new patterns for the $10 and $20 gold pieces, which debuted in 1907 with much fanfare. The new $2.50 and $5 designs followed the next year.

These two coins are distinctly unusual because they are the only U.S. coins with incuse designs—that is, the letters and images are depressed into an otherwise flat plane. This concept originated from W. S. Bigelow, a close friend of Roosevelt who was impressed by the Egyptian reliefs in the Boston Museum of Fine arts. The obverse features a Native American warrior with a feathered war bonnet encircled by 13 stars, representing the original states. The reverse features an eagle perched upon fasces intertwined with an olive branch, symbolic of peace and preparedness. Coined from 1908 to 1915 and 1925 to 1929, this short-lived series was the last $2.50 gold piece in U.S. history.

Offered here is a pleasant mint state example. Each coin is housed in an airtight capsule and presented in a luxurious, plush-lined wood box with embossed metallic gold lettering, piano-black finish, and certificate of authenticity. The coin is unconditionally guaranteed to be genuine, dated between 1908 and 1929, and will match the quality of the one shown.