The 1908 Indian Head eagles have value as numismatic coins. Keep reading to learn more about these gold coins.
Specifications
Type: Indian Head Eagle
Year: 1908
Face Value: $10
Composition: 90% gold, 10% copper
Gold Weight: .48375 oz.
Total Weight: 16.718 grams
Current Gold Bullion Value: $1,269.86
Two different varieties were minted for this year- type 1 coins and type 2 coins. The type 1 coins have no motto on the reverse side of the coin. The type 2 coins have the motto "IN GOD WE TRUST" on the reverse side of the coin.
The US minted the 1908 type 1 Indian Head eagle with no mint mark and also the 1908 D type 1 Indian Head eagle. The mint mark, when present, can be found on the reverse side of the coin above the left tip of the branch.
The US minted the 1908 type 2 Indian Head eagle with no mint mark and also the 1908 D type 2 Indian Head eagle and 1908 S type 2 Indian Head eagle. The mint mark, when present, can be found on the reverse side of the coin to the left of the arrows.
| Series | Location | Quantity Minted |
|---|---|---|
| 1908, Type 1 | Philadelphia | 33,500 |
| 1908 D, Type 1 | Denver | 210,000 |
| 1908, Type 2 | Philadelphia | 341,370 |
| 1908 D, Type 2 | Denver | 836,500 |
| 1908 S, Type 2 | San Francisco | 59,850 |
Value
This coin in circulated condition is worth at least its weight in gold. The gold melt value for this coin is $1,269.86. This melt value is calculated from the current gold spot price of $2,625.03 per ounce.
Type 1 Coins
The 1908 type 1 Indian Head eagle and no mint mark is worth around $1,250 in very fine condition. In extremely fine condition the value is around $1,350. In uncirculated condition the price is around $1,550 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $5,500.
The 1908 D type 1 Indian Head eagle is worth around $1,250 in very fine condition. In extremely fine condition the value is around $1,350. In uncirculated condition the price is around $1,650 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $8,000.
Type 2 Coins
The 1908 type 2 Indian Head eagle with no mint mark is worth around $1,250 in very fine condition. In extremely fine condition the value is around $1,350. In uncirculated condition the price is around $1,450 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $2,500.
The 1908 type 2 D Indian Head eagle is worth around $1,250 in very fine condition. In extremely fine condition the value is around $1,350. In uncirculated condition the price is around $1,500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $6,500.
The 1908 type 2 S Indian Head eagle is worth around $1,500 in very fine condition. In extremely fine condition the value is around $1,650. In uncirculated condition the price is around $5,500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $13,000.
Type 2 proof coins with no mint mark are available. These coins have a matte finish. They are each valued at around $30,000 in PR 63 condition. There were 116 proof coins minted.
Grading System
Very fine- The bonnet feathers near the headband are worn. The high points on the hair show visible wear.
Extremely fine- There is slight wear shown on the headdress feathers and on the cheekbone. There is slight wear shown on the eagle's eye and left wing.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
PR-63BN proof- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent. The color is brown.
Sources:
The Red Book
See also: