The $10 Eagle coin, first minted in 1795, is one of the most iconic and significant denominations in U.S. coinage history. Named for its face value and featuring various designs over the years, the Eagle coin represents a rich tradition of American craftsmanship and economic history. With its substantial gold content, the Eagle coin was a major player in both commerce and bullion markets, and it remains a highly sought-after piece for collectors and historians alike.
Why it Started
The $10 Eagle coin was introduced in 1795 as part of the early efforts of the United States Mint to establish a standardized national currency. The Eagle coin was created to facilitate large transactions and international trade, providing a reliable and valuable medium of exchange. Its substantial gold content made it a cornerstone of the nation’s monetary system, helping to stabilize and strengthen the young country’s economy.
Why it Ended
The production of the $10 Eagle coin ended in 1933 as a result of changing economic conditions and government policies during the Great Depression. The Gold Reserve Act of 1934 required Americans to exchange their gold coins for paper currency, effectively ending the circulation of gold coins, including the Eagle. The cessation of gold coinage was part of broader efforts to combat the economic crisis and shift the nation to a fiat currency system.
| Years | Species | Front | Back | Evolve |
|---|---|---|---|---|
| 1795-1798 | Capped Bust Small | |||
| 1797-1804 | Capped Bust Large | |||
| 1838-1907 | Liberty Head | |||
| 1907-1933 | Indian Head |