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The 1914-D $2.50 Indian Head Quarter Eagle belongs to Bela Lyon Pratt’s revolutionary incuse gold series, a design that broke sharply from traditional raised relief. Pratt’s recessed devices—showing an American Indian in a feathered headdress on the obverse and a powerful standing eagle on the reverse—gave the coin a sculptural, medal-like character that was both modern and distinctly American. Struck at the Denver Mint, the coin reflects the robust Western gold production of the era.
In MS-63, this issue displays strong overall eye appeal with light contact marks consistent with the grade. The flat fields typical of incuse coinage tend to show abrasions more readily, making true Mint State survivors especially revealing of strike quality and handling. Luster is often satiny rather than flashy, with definition in the headdress feathers and eagle’s wing details serving as key indicators of preservation.
According to PCGS population data, there are 1,514 examples graded MS-63, with 1,085 graded finer. These figures place the MS-63 level at an important midpoint for collectors seeking a fully Mint State example that still conveys the design’s bold artistry and early 20th-century context.
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