Early Gold Bullion $2.5 Indian Extra Fine

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  • Product ID: 5663
As low as: $454.00
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  • Description:

    The Early Gold Bullion $2.5 Indian coin in Extra Fine condition is a remarkable numismatic treasure that provides a fascinating window into the history of American coinage. This coin, celebrated for its unique design, historical significance, and well-preserved state, stands as a tangible link to a pivotal era in the nation's monetary development.

    The history of the Early Gold Bullion $2.5 Indian coin is closely intertwined with the evolution of the United States' monetary system during the late 19th and early 20th centuries. During this time, the U.S. grappled with economic instability resulting from a fluctuating bimetallic standard that incorporated both gold and silver as monetary units. To address these challenges, the Gold Standard Act of 1900 was enacted, officially adopting gold as the sole standard for the U.S. dollar. The $2.5 Indian coin played a crucial role in this transition.

    Designed by the talented sculptor Bela Lyon Pratt, the $2.5 Indian coin boasts a unique and innovative design that departs from traditional coin motifs. The obverse of the coin features a Native American chief in a headdress, encircled by thirteen stars representing the original states. On the reverse side, a majestic bald eagle is depicted, perched on a bundle of arrows and an olive branch. The use of incuse (recessed) design elements on both sides of the coin is a departure from the raised relief found on most coins, giving it a distinctive and striking appearance.

    The Early Gold Bullion $2.5 Indian coin was minted at various U.S. Mint facilities, including Philadelphia, Denver, and San Francisco. Mintage figures for this coin varied from year to year, resulting in a diverse range of coins available for collectors. Some years and mintages are scarcer than others, adding to the allure of collecting this series.

    This coin has a weight of 4.18 grams (approximately 0.134 troy ounces) and is composed of 90% gold and 10% copper. The inclusion of copper in the alloy imparts a distinctive reddish hue to the coin's surface, enhancing its visual appeal while ensuring its durability.

    Extra Fine condition represents a state of preservation where a coin exhibits minor wear, typically confined to high points and raised areas of the design. In this condition, the coin's original mint luster may have faded slightly, but the overall appearance remains pleasing. Collectors value Extra Fine coins for their historical significance and the delicate balance they strike between wear and visual appeal.

    A notable fact about the gold standard is its role in providing a stable and universally accepted form of currency. Under the gold standard, the value of a country's currency was directly tied to its gold reserves, instilling confidence in the currency and maintaining price stability. However, this system also had limitations, such as a fixed money supply, which could pose challenges during economic crises.

    In conclusion, the Early Gold Bullion $2.5 Indian coin in Extra Fine condition is more than just a piece of currency; it is a tangible connection to America's monetary history and the transition from a bimetallic standard to the gold standard. With its unique design, historical significance, and well-preserved state, this coin stands as a testament to the importance of sound monetary policies and their impact on a nation's economic stability. Collectors and numismatic enthusiasts hold this coin in high regard as a cherished relic of American coinage.

  • Details:
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