1908-1911 $5 Indian Gold Four Coin Set
The $5 Indian Head gold coin, minted intermittently from 1908 to 1929, is a US gold coin with a unique incuse design, where the design is recessed rather than raised. These coins were produced in Philadelphia (no mint mark), Denver (with "D" mint mark), and San Francisco (with "S" mint mark).
The United States Mint began producing gold coins in 1795 with the $10 Liberty Eagle Coin, following the Coinage Act of 1792. Over time, designs evolved to include the Liberty Head Gold Eagle, Indian Head Gold Eagle, and the celebrated Saint-Gaudens Double Eagle—introduced in 1850 during the California Gold Rush. These pre-1933 gold coins, ranging from $1 Liberty Heads to $20 Double Eagles, remain among the most historically significant and artistically admired in numismatic history.
In the early 1900s, President Theodore Roosevelt championed a redesign of U.S. coinage, commissioning sculptor Augustus Saint-Gaudens to create more artistic designs. The resulting Saint-Gaudens Double Eagle (1907–1933) became one of the most beautiful coins ever minted, later inspiring the 1986 Gold Eagle. However, in 1933, President Franklin Roosevelt issued Executive Order 6102, criminalizing private gold ownership to combat economic hoarding during the Great Depression. Most circulating gold coins were surrendered and melted, with rare exceptions for collectibles. The subsequent Gold Reserve Act of 1934 transferred Federal Reserve gold to the Treasury and raised its price from $20.67 to $35 per ounce, stabilizing inflation and effectively ending the gold standard.
Today, pre-1933 U.S. gold coins are prized rarities, having survived government recall. They represent both artistic achievement and a pivotal era in American monetary history, preserving a tangible connection to the nation’s past.
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| Description | The United States Mint began producing gold coins in 1795 with the $10 Liberty Eagle Coin, following the Coinage Act of 1792. Over time, designs evolved to include the Liberty Head Gold Eagle, Indian Head Gold Eagle, and the celebrated Saint-Gaudens Double Eagle—introduced in 1850 during the California Gold Rush. These pre-1933 gold coins, ranging from $1 Liberty Heads to $20 Double Eagles, remain among the most historically significant and artistically admired in numismatic history. In the early 1900s, President Theodore Roosevelt championed a redesign of U.S. coinage, commissioning sculptor Augustus Saint-Gaudens to create more artistic designs. The resulting Saint-Gaudens Double Eagle (1907–1933) became one of the most beautiful coins ever minted, later inspiring the 1986 Gold Eagle. However, in 1933, President Franklin Roosevelt issued Executive Order 6102, criminalizing private gold ownership to combat economic hoarding during the Great Depression. Most circulating gold coins were surrendered and melted, with rare exceptions for collectibles. The subsequent Gold Reserve Act of 1934 transferred Federal Reserve gold to the Treasury and raised its price from $20.67 to $35 per ounce, stabilizing inflation and effectively ending the gold standard. Today, pre-1933 U.S. gold coins are prized rarities, having survived government recall. They represent both artistic achievement and a pivotal era in American monetary history, preserving a tangible connection to the nation’s past. |
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