The 1909 Indian Head quarter eagles have value as numismatic coins. Keep reading to learn more about these gold coins.
Specifications
Type: Indian Head Quarter Eagle
Year: 1909
Face Value: $2.50
Composition: 90% gold, 10% copper
Gold Weight: .12094 oz.
Total Weight: 4.18 grams
Current Gold Bullion Value: $320.50
The US minted the 1909 Indian Head quarter eagle with no mint mark. No other series were minted for this year.
| Series | Location | Quantity Minted |
|---|---|---|
| 1909 | Philadelphia | 441,760 |
Value
This coin in circulated condition is worth at least its weight in gold. The gold melt value for this coin is $320.50. This melt value is calculated from the current gold spot price of $2,650.10 per ounce.
The 1909 Indian Head quarter eagle is worth around $475 in very fine condition. In extremely fine condition the value is around $500. In uncirculated condition the price is around $550 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $2,150.
Proof coins are available. These coins have a matte finish. They are each valued at around $12,750 in PR 63 condition. There were 139 proof coins minted.
Grading System
Very fine- The hair-cord knot is distinct. The feathers at the top of the head are clear. The cheekbone is worn.
Extremely fine- The headband feathers, war bonnet, and cheekbone are slightly worn.
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:
1910 Indian Head Quarter Eagle 1908 Indian Head Quarter Eagle