They instinctively new the move to end the official gold standard would make those coins more valuable, not less. The coins were also intrinsically beautiful, and seemed worth saving.

There are several iconic coin designs and denominations from prior to 1933, but the $2.50 “Indian Head” is among the most popular. The design is simple and impactful, featuring the profile of a Native American chieftain and feather headdress.

$2.50 Gold Indian Head History

The $2.50 Indian head gold coin is an important piece of American history, but the way the story of their origin is somewhat amusing. In 1904, President Theodore Roosevelt wasn’t too pleased with the way American coins looked at the time. In fact, he was so unhappy that he complained to his Secretary of the Treasury, Leslie Mortier Shaw.

It was said that the Hero of San Juan Hill thought the current coins were not grand enough and did not represent America well enough. Following his complaint, an artist by the name of Augustus Saint-Gaudens was brought in to change the designs. He altered the cent coin, and also the 4 gold coins – the $10 Eagle as well as the double Eagle, half, and quarter Eagle.

The Indian Head quarter eagle was first minted by the San Francisco Mint in 1908. The production eventually moved to the Philadelphia Mint. The Philadelphia-made coins are noticeable because they were made without a mint mark.



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