Today's featured article
The Indian Head eagle was an American ten-dollar gold piece, or eagle, produced from 1907 until 1916, and then irregularly until 1933. Beginning in 1904, President Theodore Roosevelt proposed the introduction of more artistic designs on US coins, prompting the Mint to hire the sculptor Augustus Saint-Gaudens to create them. Roosevelt chose a design for the obverse of the eagle (pictured) that the sculptor had meant to use for the cent, and for its reverse he selected a design featuring a standing bald eagle, which had been developed for the twenty-dollar piece designed by Saint-Gaudens. Following the sculptor's death on August 3, 1907, Roosevelt insisted that the new eagle be finished and struck that month, and new pieces were given to the President on August 31. The omission of the motto "In God We Trust" on the new coins caused public outrage, and prompted Congress to pass a bill mandating its inclusion. The Indian Head eagle was struck regularly until 1916, and then intermittently until President Franklin Roosevelt directed the Mint to stop producing gold coins in 1933; many were later melted down. Its termination ended the series of eagles struck for circulation begun in 1795. (Full article...)
In the news
- Hamas and Israel agree to a long-term ceasefire brokered by Egypt after seven weeks of conflict.
- At the 66th Primetime Emmy Awards, Modern Family wins Outstanding Comedy Series and Breaking Bad wins Outstanding Drama Series.
- A copy of the 1938 Action Comics #1 is auctioned for US$3.2 million, the highest price paid for a single issue of a comic book.
- Bank of America agrees to pay more than US$16 billion for the sale of risky mortgage-backed securities before the Great Recession.
- At least 71 people are killed by a series of landslides (damage pictured) in Hiroshima Prefecture, Japan.