1927 Indian Head $2.50 Quarter Eagle

1927 Indian Head quarter eagles are generally common within the confines of their series, though bear in mind that all Indian Head $2.50 coins are considered scarce. Many Indian Head quarter eagles were melted after the nation was taken off the gold standard in 1933, and thus remain in very small numbers today as compared to their original mintage numbers.

In the case of the 1927 Indian Head quarter eagle, 388,000 were originally made, though a much smaller number still exist. A piece in Very Fine 20 condition will sell for roughly $530 , though choice uncirculated pieces trade for more than $1,000 – a large sum indeed, and one that owes to the great scarceness of his coin in the Mint State grades. One reason why these coins are so scarce, beyond meltings later in the 20th century, is that relatively few people liked the Indian Head quarter eagle when it was first released.

Some thought the coin’s incuse design would harbor bacteria. Meanwhile, many numismatists shunned the coins for what they thought was an uninspired design. At any rate, 21st-century numismatists love the 1927 Indian Head quarter eagles and those of other dates and will gladly pay premiums for specimens of the coin today.