By 1911, just three years after its debut, the Indian quarter eagle was essentially a non-circulating denomination. In fact, in his Annual Report, the Mint Director formally recommended its discontinuance by Congress. The Annual Report stated in part: “There is a call for them each year, about the holiday season, for gift purposes, and during the remainder of the year they drift back to the Treasury.” Much of the “gift coinage” occurred at the Philadelphia Mint, which struck the denomination annually through 1915, and again from 1926 to 1929. The only branch mint to strike Indian quarter eagles was Denver, and only in 1911, 1914, and 1925. The 1911-D had a remarkably small mintage of only 55,680 coins, becoming the only true key date in the series for collectors.
Offered at $20,500 delivered
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