Gem Proof 67 Gold Indian Quarter Eagle $2.50 Click on Coin Image to
QUARTER EAGLE $2.50 INDIAN
NGC PROOF 67 - $45,000.00
the 1914 Quarter Eagle Indian - 1914 $2.50 Indian
NGC PF67. Only 70 to 90 proof 1914 quarter eagle are
known in all grades. In its population report, NGC
shows only 13 total 1914 Proof 67 Indian Quarter Eagles.
This does not include the resubmissions from the gambler
who cracks the coin out and resubmits it in the hopes
of obtaining a higher grade and making a big score
on the value and believe me this coin has the kind
of eye appeal not to mention the low population to
make it a viable gamble. At PGCS there is none certified
finer than PF66+. Here is an opportunity to obtain
one of the best proof gold Indians, a 1914 Superb
Gem Proof 67 Indian Head quarter eagle.
This Superb Gem Proof 1914 Indian Head quarter eagle
is tied for the second finest known at NGC and is
the finest known at PCGS. The coin is characterized
by pristine surfaces that show no contact marks or
hairlines, as expected for a piece of this lofty grade.
The coarse sandblast finish is somewhat darker than
the surfaces seen on pieces from the previous year.
Original mint luster is present throughout the devices,
but it is muted because of the matte finish. Needless
to say, the surfaces are completely original with
uniform yellow-orange gold coloring on both sides
of the piece. The strike is excellent with full details
on the high parts of the Indian’s bonnet, its
feathers, and the eagle’s feathers on the highest
area of the wing. Doubling is found on the Indian’s
profile and the front of the eagle.
The Indian Head quarter eagle was put into production
in 1908. Theodore Roosevelt, who had become president
as a result of McKinley’s assassination in 1901
and was in his second term of office, believed that
it was time to reform all United States coinage, which
in his opinion was “atrociously hideous.”
He wanted to put into place his “pet crime”
to improve coinage designs by bypassing the mediocre
Mint Engraver, Charles Barber. Earlier Roosevelt prevailed
on the world-renown sculptor, Augustus Saint-Gaudens,
to remake the gold eagle and double eagle coins. Now,
influenced by Dr. William Sturgis Bigelow, a friend
and art connoisseur, Roosevelt agreed to have Bela
Lyon Pratt redesign the gold half eagle and quarter
eagle. Roosevelt got the idea of making the coins
incuse, like certain ancient Egyptian coins. Certainly
this new design would make them different from the
coinage that preceded.
The incuse design was an innovation never previously
used on circulating United States coinage. It was
criticized by people in banking and numismatics. They
felt that the new coins could be easily counterfeited,
wouldn’t stack easily, and were unsanitary because
dirt would remain in the incused features. However,
as a whole, the public was indifferent to the new
coins, and the coins remained in production and circulation
until 1929, when the Great Depression caused economic
Pratt was an accomplished sculptor and medal maker.
A former student of Saint-Gaudens and the Ecole des
Beau Arts in Paris, he became an instructor at the
Boston Museum School. Prominent among his works were
a medal for the President of Harvard University and
a bicentennial medal for Yale University. In addition
to medals, he also made busts and other sculptures.
In 1915 he won a gold medal for an exhibit of seventeen
pieces at the Panama-Pacific Exposition in California.
The series was minted from 1908 to 1915 and then
from 1925 to 1929. During these years and until the
Great Recall of 1933, the coins circulated in commerce.
They were often used as birthday and Christmas gifts.
Circulated coins are often seen with rubbed spots
on the high points. Since they were also used extensively
for jewelry, one should be aware of traces of solder
or evidence of its removal. Imperfect reeding might
indicate this problem, and doubtful coins should be
authenticated. (All USRCI coins are guaranteed genuine
and authenticated by one of the major grading services.)
Another innovation is Pratt’s use of realism
in the obverse design. In 1899 a portrait of “Running
Antelope” was used on the five dollar silver
certificate. Pratt continued this trend by using a
realistic portrait of an Indian brave for his emblem
of liberty, as required by law. Although his name
and tribe are unknown, the motif is a striking departure
from the Indian head designs of the past that used
stylized busts with fanciful headdresses to be emblematic
of liberty. Above the portrait on the obverse is the
word LIBERTY and below is the date. Six stars are
on the left and seven are on the right. For the reverse,
Pratt borrowed from his mentor’s eagle coin
and chose the standing eagle motif. The magnificent
eagle stands on a bundle of arrows that look like
fasces, the Roman symbol of the power to kill, and
the olive branch, symbolizing peace. Pratt placed
all four inscriptions are on the reverse without it
seeming too crowded. E PLURIBUS UNUM is in the left
field and IN GOD WE TRUST is in the right. UNITED
STATES OF AMERICA, separated by dots, arcs above the
eagle, and the denomination written as 2 ½
DOLLARS is below.
Only 70 to 90 proof 1914 quarter eagle are known
in all grades. In its population report, NGC shows
only 4 finer than the present piece. At PGCS there
is none certified finer than PF66+. Here is an opportunity
to obtain one of the best, a 1914 Superb Gem Proof
67 Indian Head quarter eagle.