Exceptional, virtually perfect gem brilliant uncirculated tribute to the classic United States Indian $2 1/2 gold coin. While a similarly graded Indian $2 1/2 coin is currently valued at $20,000 or more, this $10 face value coin will cost only a fraction as much. You can get it at half of the nationally advertised price! This 22 kt. gold coin (1/10 oz. net weight pure gold) was produced by Australia's official Perth Mint for the Republic of Liberia on the same blank used to mint the American Gold Eagle. Extremely rare -- only 500 made.
As a result of President Theodore Roosevelt's opinion that United States coins were "atrociously hideous," new gold coin designs appeared in the early 1900s. Bela Lyon Pratt, who was selected to redesign the $2 1/2 and $5 gold coins, utilized an unusual sculpting technique, similar to that employed thousands of years earlier by Egyptian artists. His "incused" design lies entirely below the coin's surface, in contrast with normal "relief" where the design is higher than the fields. Pratt's native American chieftain design is emblematic of Liberty.