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The Certified US Gold $5 Indian 1914, graded MS62 by PCGS, is a noteworthy example of early 20th-century American gold coinage. This coin is part of the Indian Head series, which was minted from 1908 to 1929. The Indian Head $5 gold coin, also known as the Indian Head Half Eagle, was introduced during a period of significant change in U.S. coinage, reflecting both artistic innovation and economic needs of the era. The 1914 issue, with its distinctive design and limited mintage, represents an important chapter in American numismatic history.
The obverse of the 1914 Indian Head $5 gold coin features a striking and innovative design by sculptor Bela Lyon Pratt. Pratt's design depicts a Native American chieftain in profile, wearing a feathered headdress. The portrait is rendered in a slightly recessed manner, which was a departure from traditional coin designs of the time. This recessed design, known as "incuse," was unique to the Indian Head series and was intended to give the coin a more three-dimensional appearance. The word "LIBERTY" is inscribed on the headdress, and the date "1914" is located just below the portrait. Surrounding the chieftain are thirteen stars, symbolizing the original thirteen colonies of the United States. This design element reinforces the coin's connection to the nation's founding principles.
The reverse of the 1914 Indian Head $5 gold coin features an American eagle perched on a bundle of arrows, with an olive branch clasped in its talons. The eagle is depicted with its wings extended, and the design is framed by a beaded border. The inscription "UNITED STATES OF AMERICA" encircles the eagle, while the denomination "FIVE DOLLARS" is prominently displayed below. This reverse design, also created by Pratt, symbolizes the strength and unity of the United States. The use of incuse relief on the reverse further complements the unique aesthetic of the Indian Head series, distinguishing it from other coin designs of the era.
The 1914 Indian Head $5 gold coin was minted at the Philadelphia Mint, which was the primary facility for producing gold coins at that time. The total mintage of the 1914 issue was relatively modest, with only 1,424,000 coins produced. This limited mintage contributes to the coin's rarity and appeal among collectors. The Philadelphia Mint was known for its high standards of coinage production, and the coins struck there during this period are highly regarded for their craftsmanship and quality.
In terms of condition, the 1914 Indian Head $5 gold coin is graded MS62 by PCGS, indicating that it is in “Mint State 62” condition. This grade signifies that the coin is well-preserved, with minimal signs of wear or damage. MS62 coins exhibit original mint luster and detail, although they may have some minor surface abrasions or contact marks. The high points of the design may show slight wear, but the overall appearance remains attractive and collectible. The MS62 grade is desirable for its balance of preservation and affordability, making it a popular choice among numismatists and investors.
The Certified US Gold $5 Indian 1914, graded MS62 by PCGS, is a significant piece of American coinage with its historical importance, distinctive design, and limited mintage. Its incuse design and artistic representation of Liberty and the American eagle make it a standout example of early 20th-century numismatic art. The coin's condition, as indicated by its MS62 grade, reflects its well-preserved state and adds to its appeal as a collectible item. This coin not only represents a key moment in U.S. monetary history but also serves as a testament to the artistry and craftsmanship of the era.