have good memories of my husband encouraging coin collecting with our children. Our 16 year old son that passed away over eight years ago, was the one most into it. He liked going to coin shows, and even a matter of days before he died, he drove a distance with one of his siblings to go check out coins. Of course, now his collected coins are special treasured keepsakes for us. Though none of our kids are quite into it as much as he was, they will at times learn about a coin, and get excited. Recently they were looking at an Indian Gold Coin online. I do not know much about coins, but between my kids and my husband sharing information, I found it interesting. The kids do not realize when they have an interest like this and we do research on it, we are working on a history lesson, even in the summer!
There was actually controversy when the $10 Indian Coin was introduced in 1907 because it featured a Lady Liberty wearing a full American Indian war bonnet. It must have been the racist on-goings of the day, being it was American and Indian mixed together. The other side of the coin displays an American eagle majestically perched on a cache of arrows.
President Roosevelt appointed a famous sculptor, Augustus Saint-Gaudens, to design this coin, and also insisted it did NOT have inscribed, “In God We Trust.” So when the coin came out in 1907, void of the motto, there was quite an uprising. However, the following year it was added on. This coin was designed by . At first the outer edge of the coin had 46 stars going around, each one representing each state in the union. In 1912 it was increased to 48 stars, after Arizona and New Mexico joined the union.
These are worth much more than the original $10 because of their gold bullion weight and because of their age and significance. United States law considers these collector’s items and purchasing them protects the bullion wealth from seizure by the US Treasury if there is ever a national emergency such as economic depression, metal hoarding or a war.
So, after this history lesson, our kids are interested in finding a $10 Indian Gold Coin in uncirculated condition. Because these are quite costly, I am sure it will be awhile before we own one of these special collector coins. But it was very interesting learning about.