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The Indian Head gold pieces or Pratt-Bigelow gold coins were two separate coin series, identical in design, struck by the United States Mint: a two-and-a-half-dollar piece, or quarter eagle, and a five-dollar coin, or half eagle. The quarter eagle was struck from 1908 to 1915 and from 1925–1929.
This practice led to significant coin rarities in the Capped Bust series of gold coins minted from 1808 to 1834. [3] Gold specie fineness was reduced from .9167 fine to .8992 fine and the gold to silver ratio was increased to 16:1. This action was extremely astute and ensured that the new $2.50 and $5 coins would remain in circulation.
By 1834, the gold in the half eagle had been worth more than its face value for several years. The Act of June 28, 1834 called for a reduction in the gold used. The weight of the coin was reduced to 8.36 grams, the diameter reduced to 22.5 mm, and the composition changed to .8992 gold and .1008 silver and copper.
The United States five-dollar bill (US$5) is a denomination of United States currency. The current $5 bill features U.S. president Abraham Lincoln and the Great Seal of the United States on the front and the Lincoln Memorial on the back. All $5 bills issued today are Federal Reserve Notes.
The $5, $10, and $20 denominations were the first to be issued.. Series of 1928A for $5, $10, and $20 notes resulted from a signature change, and corresponds to Series of 1928 for the $50 and $100 denominations.
In 1834, the mint's 15:1 legal valuation of gold to silver (i.e. 15 weight units of silver and 1 weight unit of gold have the same legal monetary value) was changed to 16:1, and the metal weight-content standards for both gold and silver coins were changed, because at the old value ratio and weight content, it was profitable to export and melt ...