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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 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.
Seven distinct types of coin composition have been used over the past 200 years: three base coin alloys, two silver alloys, gold, and in recent years, platinum and palladium. The base metal coins were generally alloys of copper (for 2 cent coins and lower), and copper/ nickel (for 3 and 5 cent coins).
At Roosevelt's direction, the Mint hired Saint-Gaudens to redesign the cent and the four gold pieces: the double eagle ($20), eagle ($10), half eagle ($5), and quarter eagle ($2.50). The Liberty Head design had been first struck for the eagle in 1838; [2] the last addition to the Liberty Head gold series was the double eagle, first struck for ...
The United States Commemorative Coin Act of 1996 (Pub. L. 104–329 (text)) authorized the production of a commemorative $5 gold coin to commemorate the public opening of the Franklin Delano Roosevelt Memorial in Washington, DC. The act allowed the coins to be struck in both proof and uncirculated finishes. [2]
On History Channel's hit show "Pawn Stars," a man came in to sell a 1907 Saint-Gaudens double eagle $20 gold coin. The coins are extremely rare, and some of them have sold for more than $1 million ...