About the 1927 $2.5 Indian Head Quarter Eagle Gold Coin.
The 1927 $2.5 Indian Head Quarter Eagle Gold Coin holds historical significance as a denomination of the United States currency. The quarter eagle coin was introduced as part of the Coinage Act of 1792, deriving its name from the ten-dollar eagle coin. It carried a face value of two hundred and fifty cents or two dollars and fifty cents.
Designed by Robert Scot, the quarter eagle was minted in Philadelphia, as well as branch mints in Charlotte (1838-1859, excluding certain years), New Orleans (1838-1857), and Denver (1911-1925). The initial issues of the coin weighed 67.5 grains and had a fineness of .9167. However, in June 1834, the weight was reduced to 64.5 grains, and the fineness was adjusted to .8992. Subsequently, the Act of January 18, 1837, established a fineness of .900, indicating that quarter eagles minted from 1837 onwards contained 0.121 Troy Oz. of gold content.
Due to the lower mintage numbers and the fact that many earlier coins were melted for their bullion content, the pre-1834 issues are considered scarce to rare. Proof coins from dates prior to 1856 are particularly rare and command premium prices regardless of their condition. The quarter eagle denomination was officially discontinued in 1933 when the United States moved away from the Gold Standard, although the last date of issue was in 1929.
The 1927 $2.5 Indian Head Quarter Eagle Gold Coin holds value not only as a piece of currency but also as a collectible item. Its historical significance, limited mintage, and gold content contribute to its desirability among numismatists and collectors of American coins.
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