I used to have the complete $2 1/2 Indian set. I sold all of them a few years ago in pursuit of other, more classic U.S. gold. Here's a couple of photos from the archive library.
The 1932 eagle is the only gold coin from the 1930s that most collectors can afford. It along with the 1926 are the two most common dates. The down side is that I have found many of them to be over graded in the certification holders. The reason might be that they have been frequently marketed to non-collectors who were buying them as "an investment." This on is graded MS-63. Here is a $10 Indian in Matte Proof. I sold this piece when I was a dealer. I got $28,000 for it almost 20 years ago. The Matte Proof mintage was 116 pieces. This piece was graded Mt. Proof-65. And here is an MS-66 example of the same date. This one is NGC graded.
It is he red picture indicator flash light on the camera. It's a photo flaw, but I had only owned the camera for a short time at that point.
So ‘No Motto’ is not an attribution that NGC applies to the label, or is there an extra fee for that?