The Indian Head Quarter Eagle was first minted in 1908, close on the heels of the previous year's new eagle and double eagle.
Unlike the new eagle and double eagle, this little $2 1/2 piece was sculpted by Boston artist Bela Lyon Pratt, who took the novel step of placing all relief elements within cavities in the coin's fields.
1928 proved to be the penultimate year for coinage of the quarter eagle. An order from Treasury Secretary Andrew Mellon in 1930 suspended further production, when it became apparent that the coins were simply being used for jewelry or for holiday gift giving. Perhaps this gem specimen was acquired for that purpose. Whatever its history, this splendid gold piece is vastly superior to the majority of survivors. Well struck, it exhibits fabulous, frosty luster and remarkably clean surfaces. It is completely untoned, save for a single red toning dot on either side.
Are you interested in Quarter Eagles? Visit the NGC Coin Encyclopedia to read more.