1929 $2.50 Indian Gold Quarter Eagle PCGS MS63 Description:
Indian Head (1908-1929) This new type represents a departure from all precedents in United States coinage. Its design features no raised edge, and the main devices and legends are in sunken relief below the surface of the coin. Boston sculptor Bella Lyon Pratt was the designer of this and the similar half eagle piece. A pupil of the famous Augustus Saint-Gaudens, Pratt based his "standing eagle" motif on the reverse of his teacher's gold ten dollar coin of 1907. Among the public, there was some concern that the recessed design of Pratt's quarter eagle would collect germs- an unfounded fear. The artistry of the design was condemned loudly by some numismatists. Few people were interested in saving the coin for their collections. The result is a series with relatively few examples surviving in higher grades. Any initial disfavor has mellowed with time; today Pratt's design is recognized as part of the early 20th century renaissance coinage. Weight 4.18 grams; composition .900 gold, .100 copper ( net weight .12094 oz. pure gold); diameter 18mm; reeded edge.