1929 marked the last year of Indian Head $2.50 Gold Coin production. Due to the Great Depression, there wasn’t a large need for higher denomination coins. In fact, most U.S. denominations were furloughed during the early 1930s. A little over 500,000 Indian Head $2.50 Gold Coins were minted in 1929 and are considered rare.
Indian Head $2.50 Gold Coins are considered scarce, as they were not saved in great numbers when they were in production. This was in turn to the fact that the public feared germs would harbor within the incused design elements. Numismatists, on the other hand, were not thrilled with the design, which some thought were uninspired. Today, however, most coin collectors love the Indian Head $2.50 Gold Coin and will gladly pay top dollar for the 1929 Indian Head $2.50 Gold Coin and all others in the series.
If you are talking about the Indian Head $2.50 Gold Coin from 1929 or any other year, one of the first things you will hear a collector ask about is the condition the coin is in. Naturally, when completing collections, collectors aim to add only well-preserved coins. Because of the age of the 1929 Indian Head $2.50 Gold Coin, however, finding one that has been well-preserved is not always an easy feat.
Normally, having a coin graded is the best way to determine official condition, but not everyone has the time and money sitting around to send x-amount of coins away for grading. Understanding this, we have provided below a listing of the characteristics you can expect coins of a certain grade to have. This will give you a better idea of assessing the actual condition of a coin you might want to purchase.
Uncirculated: By nature, any coin that is graded as being Uncirculated is a coin that must have spent no time exchanging hands. Because of this, these coins will appear as though they were recently minted and will have no surface damage whatsoever. Because of their more or less perfect condition, it shouldn’t come as much of a surprise that these are some of the most sought after types of Indian Head $2.50 Gold Coin.
Extremely Fine: For a coin to be graded as being Extremely Fine, it will have to have only spent a limited amount of time in circulation. Through the coin’s time being exchanged, some light damage had time to accrue, but not so much that the surfaces of the coin are tattered and hard to make out. In fact, without looking closely these coins will appear to be more pristine than anything else.
Fine: For a coin to receive this grade, it will have had to have spent a good amount of time in circulation. During this time some damage will have happened, but for the most part the imagery and texture of the coin will remain intact. Still popular amongst collectors, these coins do show their age.
Good: Good is the grade given to Indian Head $2.50 Gold Coins that were circulated for extended periods of time and incurred a lot of damage during that time. These coins will suffer from extreme scratching, bending, and chipping. Though in fairly rough shape, collectors still jump at the opportunity to get their hands on this Indian Head $2.50 Gold Coin; especially if they are trying to put together a complete set of the $2.50 Gold Coin.
If you would like to find out how much you might pay for a Indian Head $2.50 Gold Coin, the condition of the coin means everything. If your coin is well-preserved, it will naturally carry a higher price tag, that much is an undeniable fact. Below is a chart aimed at giving you a better idea of how much you might be asked to pay for a Indian Head $2.50 Gold Coin from 1929 given its condition.
Indian Head $2.5 Gold Coin
|1929 Indian Head $2.5 Gold Coin||N/A||N/A||$310||$325||Source: Red Book|