Certified Indian Head Gold Coins
Posted by Adam King on January 16, 2010
An interesting and potentially profitable subset of American gold coins is certified Indian Head gold coins. The United States minted four types of Indian Head gold coins. The most interesting may well be the 1854-89 three dollar Indian Head gold piece.
No one is really sure why the United States chose to mint a three dollar gold piece although the huge supply of gold from the California gold rush may have had something to do with it. The face of the coin features a Lady Liberty with a feathered crown-head dress. It became known as an Indian Head three dollar gold piece. The three dollar gold piece was not especially popular and, as such, the few remaining specimens are often in better (circulated) shape than an investor might expect. Grades as low as 30 are worth from $900 to around $2,000 although an 1854 D in the same state is worth $19,000. The same coin at grade 62 is worth $170,000.
The three other certified Indian Head gold coins come from the changes in gold coin design in 1907 and 1908. The Eagle features a Lady Liberty profile wearing a head dress. The Half Eagle and Quarter Eagle feature a Native American male profile with a head dress. These two gold coins are unique in that the normally raised features are incised into the coin. This was and is still unique in American coins.
A 1911 D, strong D, Indian Head Quarter Eagle will sell for as much as $175,000 at grade 66. A 1909 O, grade 66, Indian Head Half Eagle is priced at a million dollars. The most valuable Indian Head Eagle is the 1920 S which is worth a million and a half at grade 67.
With a unique design and timeless beauty, certified Indian Head gold coins are always attractive to admirers. These coins offer the potential of high profits on some of the most special American coins.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
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