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$5 Indian

$5 Indian Gold Half Eagle

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$5 Indian
  • Gold Content – 0.24187 oz.
  • Gross Weight – 8.359 g
  • Composition – 90% gold, 10% copper
  • Coin Diameter – 21.6 mm
  • Thickness – 1.4 mm
  • Mint Dates – 1908-16; 1929
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Description

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OverviewThe $5 Indian Head is one of two coins designed by sculptor Bela Lyon Pratt at the request of President Theodore Roosevelt. Dr. William Sturgis Bigelow, a good friend of the president, recommended Pratt, who had once been a student of Augustus Saint-Gaudens. The $5 Indian Head is smaller and less impressive than the coins of Saint-Gaudens, but the Pratt designs are more innovative and daring.

DesignThe obverse (front) shows a Native American chief, the first true Native American ever to appear on United States coinage. Before, Caucasian models dressed in native attire were used. The chief on the Indian Head wears a full-feathered headdress with “Liberty” above the headband. The issue date and 13 stars circle him.The reverse has a bald eagle among olive branches, surrounded by “UNITED STATES OF AMERICA,” “IN GOD WE TRUST” and the denomination.

MintingThe $5 and $2.50 Indian Head gold coins are the first (and only) U.S. gold coins to use the incuse relief technique, giving the lettering and design elements a sunken look on a flat plane. This technique caused controversy when the coin was released because many wrongly believed the design grooves would spread germs.

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Augusta does not provide legal, tax, or investment advice. The Augusta® Gold IRA is a self-directed IRA containing physical precious metals administered by a third-party custodian and stored in an approved non-government depository storage facility where investors can make an appointment to see their precious metals. The Augusta® Home Delivery™ Gold IRA is a self-directed physical precious metals IRA stored at home or in a safe deposit box. Augusta's attorneys believe that American Eagle coins may be stored at home and that all other IRA-held coins must be stored, at a minimum, in a safe deposit box at a U.S. bank. However, these attorneys believe it is wiser to store all IRA precious metals in a safe deposit box at a U.S. bank to eliminate risks associated with home storage. The IRS has not provided clear guidance on home delivery or home or safe deposit box storage of IRA precious metals. If your home delivery gold IRA is not set up properly, if you engage in a prohibited transaction (e.g., withdrawing metals before retirement to use for any other purpose), or if it is determined that home delivery or home or bank safe deposit box storage are not permitted by the IRS, you could lose your tax-exempt status and have to pay taxes and penalties. As with any investment, past performance might not predict future returns. The price of precious metals fluctuates over time and investors might lose money. It is important to consult your own legal and financial advisors before buying from Augusta.

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