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Known for his labors to combat the Great Depression, President Franklin D. Roosevelt put forth an attempt to melt down as many gold coins as possible into gold bars. But first, he would need to collect those coins. Thanks to those efforts, the Indian Gold Quarter Eagle – and other pre-1933 gold coins – are rare and much coveted by history buffs, collectors, and investors. This coin’s condition is classified as Extra Fine (XF). It contains .1209 ounces of .900 pure gold.
This coin’s engravings made it rare, indeed, thanks to its sunken design, rather than the common raised design. This is referred to as incuse relief. This was the first time that the United States mint had ever struck coins in this style. On its reverse side, this coin shows its odd half denomination an image of the bald eagle. He stands above an olive branch and a quiver of arrows. On the obverse side of this coin you will find, in full headdress, a Native American chieftain. Images on both sides of this coin were designed by Bela Lyon Pratt.
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