Editor’s Note: After spirited bidding this dramatic and unique double struck $2 ½ Indian set a record price for a $2 ½ Indian Gold mint error. Below is the description from the Heritage Galleries listing:

Error gold coins, especially as dramatic as this example, are quite rare and always bring significant prices. The two strikes are almost exactly inverted, the first strike upside down in relation to the second. This is a sharp impression with excellent definition on both sides. The Indian’s entire profile from the first strike is visible among the feathers at the lower right. Much of the lettering on the reverse overlaps other (upside down) lettering from the first strike, creating a confusing array of text. Given the incuse design of the Indian Head gold coinage, errors such as double struck coins, doubled dies, and related types have a much different appearance than their normal look.