The 1909 Indian Head $2.50 Gold Coin was designed by Bela Lyon Pratt. Perhaps the most striking feature of the Indian Head $2.50 Gold Coin isn’t necessarily the incredible artistry of the design but, rather, the fact that the entire design is sunken into the coin. Only two United States coins struck to date have an incuse design, the Indian Head $2.50 Gold Coin and the Indian Head half eagle from the same period.
While the 1909 Indian Head $2.50 Gold Coin is quite popular, most collectors will settle for nothing less than a coin that has been extremely well-preserved. Naturally, finding coins that are more than 100 years old is a bit difficult, it goes without saying that those well-preserved pieces carry quite a large price tag.
No matter the type of collector, the condition of a given coin is extremely significant. Considering no one desires to add poorly-preserved coins to their collection, most collectors will not rest until they have a complete collection of pristine coins.
Under normal circumstances, a collector looking to ensure that their collection is in tip-top shape will send his coins away for grading. Unfortunately, not everyone has the time and money to send their coins to a professional company to be graded, and for that reason we have provided an outline below which explains the basic characteristics tied to coins of a specific grade.
Uncirculated: Uncirculated coins are considered to be the most desirable because they have spent no time exchanging hands and, as such, have not been damaged or worn whatsoever. Though they were produced more than a century ago, Indian Head $2.50 Gold Coins graded to be Uncirculated will appear as though they were just rolled off the press a few weeks ago.
Extremely Fine: A coin that is given the grade Extremely Fine is one that spent only a very limited amount of time being circulated. These coins will take on the appearance of a pristine coin, but under close inspection you will be able to pick out some wear due to the coin having been circulated for a limited amount of time. Fortunately, the wear present on Extremely Fine coins is extremely light in nature.
Fine: A coin that is graded to be Fine is one that saw a moderate amount of time in circulation, and incurred a good bit of damage as a result. Though you will be able to quite easily make out wear and tear, these coins are in relatively great condition when you consider how old they are. With all of the imagery and texture of the coin intact, a Fine Indian Head $2.50 Gold Coin is a great addition to any collection.
Good: This is the grade given to those coins that were circulated for decades upon decades. As a result of their extremely elongated circulation, coins graded to be Good are home to a lot of significant wear, including heavy scratching, chipping, and any number of other deficiencies. Despite their poor appearance, coins in this condition are sought after by collectors.
In terms of assigning a price to the 1909 Indian Head $2.50 Gold Coin, this is something that can most easily be done by way of the coin’s condition. Naturally, it goes without saying that the pieces that have been well-preserved are those that will carry the highest prices. Below, we have a chart aimed at giving you a better idea as to what you might be asked to pay for a graded 1909 Indian Head $2.50 Gold Coin.
Indian Head $2.5 Gold Coin
|1909 Indian Head $2.5 Gold Coin||N/A||N/A||$310||$325||Source: Red Book|