How Much Is a $5 Indian Head Gold Coin Worth? (Price Chart)

Besides the $2.50 Quarter eagle, the Indian $5 gold coin was the only US coin with an incuse relief design, meaning it was stamped into the coin surface. The series includes 24 coins struck from 1908 to 1916 and 1929, with a total mintage of 14,078,066 pieces.

The Indian five dollar gold coin value depends on the mint mark, date, and each coin condition. You can notice that its price was significantly higher in the past than these days. However, collectors and investors expect raised demand in the future, particularly with the economy strengthening.

Indian Five Dollar Gold Coin History

Bela Lyon Pratt designed a beautiful Indian $5 gold coin minted from 1908 to 1929 by President Theodore Roosevelt’s order. The obverse design included a left facing Native American with a headdress on his head. Thirteen stars surrounding him represented the original American colonies.

The word LIBERTY is placed above the Indian’s head, while the date is below his bust along with the designer’s initials.

The reverse contains a proud American bald eagle holding arrows and an olive branch in claws. The inscription UNITED STATE OF AMERICA and denomination are along the coin rim.

On the left and right eagle’s sides are inscriptions E PLURIBUS UNUM and IN GOD WE TRUST. Finally, you can see the mint mark to the left of the arrowhead, except for coins minted in Philadelphia that are without the mint mark.

Indian $5 gold coin

Face value $5 (5 dollars)
Compound 90% gold and 10% copper
Coin weight 0.26878 ounces (8.36 g)
Gold weight 0.24177 troy ounces (7.52 g)
Coin diameter 0.85039 inches (21.6 mm)
Coin thickness 0.05905 (1.5 mm)
Shape Round
Edge Reeded

The Philadelphia mint produced Indian $5 gold coins all ten years of minting, but three more mints struck these gold coins from time to time, including:

  • Denver
  • San Francisco
  • New Orleans

The first goldies with unique relief design were released in 1908. This decision wasn’t popular when they came out, and even today, most collectors find their grading almost impossible.

Indian $5 gold coin value by USA Coin Book

Year Mintage Very fine Extra fine AU MS 60 MS 63 PR 63
1908 578,012 $721 $747 $773 $871 $1,952 $14,516
1908 D 148,000 $721 $747 $773 $871 $2,094 /
1908 S 82,000 $897 $1,087 $1,374 $3,053 $9,375 /
1909 627,138 $721 $747 $773 $871 $2,165 $17,293
1909 D 3,423,560 $721 $747 $773 $871 $1,952 /
1909 O 34,200 $5,367 $7,364 $10,712 $34,215 $109,799 /
1909 S 297,200 $747 $798 $823 $1,952 $17,293 /
1910 604,250 $721 $747 $773 $871 $1,952 $17,293
1910 D 193,600 $721 $747 $773 $897 $4,$747 /
1910 S 770,200 $747 $798 $823 $1,508 $12,087 /
1911 915,139 $721 $747 $773 $871 $1,952 $14,516
1911 D 72,500 $1,087 $1,374 $1,952 $8,751 $57,339 /
1911 S 1,416,000 $747 $798 $823 $1,087 $6,744 /
1912 790,144 $721 $747 $773 $871 $1,952 $14,516
1912 S 392,000 $747 $798 $823 $2,220 $18,565 /
1913 916,099 $721 $747 $773 $871 $1,952 $13,813
1913 S 408,000 $847 $871 $992 $3,053 $22,678 /
1914 247,125 $721 $747 $773 $898 $2,764 $14,517
1914 D 247,000 $721 $747 $773 $898 $3,053 /
1914 S 263,000 $747 $798 $823 $2,094 $17,293 /
1915 588,075 $721 $747 $773 $898 $1,952 $17,293
1915 S 164,000 $747 $798 $823 $3,053 $20,201 /
1916 S 240,000 $798 $823 $898 $1,087 $8,751 /
1929 662,000 $21,141 $22,680 $24,948 $36,142 $57,345 /

The Indian $5 gold coin value is at least $420 nowadays. However, rare pieces in the mint state can reach hundreds of thousands of dollars.

The most valuable are gold coins minted in New Orleans in 1909. This mint produced only 34,000 pieces that year, and only a few survived the century. Therefore, scarce specimens in MS 65 and MS 66 grades can be worth a fortune.

 

Indian Five Dollar Gold Coin Value

Indian Five Dollar Gold Coin Value
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At the time of production, the Indian five-dollar gold coin had an extremely high value. Since it is almost impossible to find a specimen for less than $300 nowadays, only highly dedicated collectors can afford them. In fact, most are worth more than $1,000, even in low grades.

However, all these goldies are sought, mainly due to the low mintage, coin age, and a small number of preserved pieces in the mint state.

As always, collectors will highly desire to find those in the best condition, but some dates, like 1909 O and 1911 D Indians, will be valuable regardless of the grade. Believe it or not, even the worst preserved specimen will be worth over $3,000.

Indian $5 gold proof coin value by Greysheet

Quality Year
1908 1909 1910 1911
PR 55 $6,880 to $8,250 $6,880 to $8,250 $6,880 to $8,250 $6,880 to $8,250
PR 58 $7,500 to $9,000 $7,500 to $9,000 $7,500 to $9,000 $7,500 to $9,000
PR 60 $9,380 to $11,200 $9,380 to $11,200 $9,380 to $11,200 $9,380 to $11,200
PR 61 $10,000 to $12,000 $10,000 to $12,000 $10,000 to $12,000 $10,000 to $12,000
PR 62 $11,900 to $13,700 $11,900 to $13,700 $11,900 to $13,700 $11,900 to $13,700
PR 63 $19,800 to $23,800 $19,800 to $23,800 $19,800 to $23,800 $19,800 to $23,800
PR 64 $25,200 to $30,200 $25,200 to $30,200 $25,200 to $30,200 $25,200 to $30,200
PR 65 $51,600 to $61,900 $51,600 to $61,900 $51,600 to $61,900 $51,600 to $61,900
PR 66 $79,200 to $108,00 $72,000 to $86,400 $72,000 to $86,400 $72,000 to $86,400
PR 67 $108,000 to $156,000 $108,000 to $129,600 $108,000 to $129,600 $108,000 to $129,600
PR 68 / / $192,000 to $240,000 /

Most Americans didn’t like the Indian $5 gold coin since they were convinced that incused surface could be a source of disease because of dirt collecting. As a result, the US Mint suspended production in 1916, but they still minted 662,000 pieces in 1929.

Those coins were commercial, and people used them for trade. However, their production was stopped when base metal coins came into circulation in the mid 19th century. Dollars made of precious metals became history by the middle of the 20th.

Indian $5 gold proof coin value by Greysheet

Quality Year
1912 1913 1914 1915
PR 55 $6,880 to $8,250 $6,880 to $8,250 $6,880 to $8,250 $8,250 to $9,900
PR 58 $7,500 to $9,000 $7,500 to $9,000 $7,500 to $9,000 $9,000 to $10,800
PR 60 $9,380 to $11,200 $9,380 to $11,200 $9,380 to $11,200 $10,600 to $11,200
PR 61 $10,000 to $12,000 $10,000 to $12,000 $10,000 to $12,000 $11,900 to $13,700
PR 62 $11,900 to $13,700 $11,900 to $13,700 $11,900 to $13,700 $14,400 to $17,300
PR 63 $19,800 to $23,800 $19,800 to $23,800 $19,800 to $23,800 $19,800 to $23,800
PR 64 $25,200 to $30,200 $25,200 to $30,200 $25,200 to $30,200 $30,000 to $36,000
PR 65 $51,600 to $61,900 $51,600 to $61,900 $51,800 to $61,900 $66,000 to $79,200
PR 66 $72,000 to $86,400 $72,000 to $86,400 $72,000 to $86,400 $96,000 to $115,200
PR 67 $108,000 to $129,600 $108,000 to $129,600 $108,000 to $129,600 $138,000 to $165,600
PR 68 / / $192,000 to $240,000 /

The Philadelphia mint produced Indian $5 gold proofs only for eight years. Their value is unbelievably high these days and goes from $7,000 to $240,000 for pieces in the best condition.

 

The Most Expensive Indian $5 Gold Coins

The Most Expensive Indian $5 Gold Coins

Believe it or not, most Indian $5 gold coins are super cheap nowadays, and former premiums have essentially gone. However, almost all specimens in gem grades are considered condition rarities.

Rare Indian $5 gold coin value

Year Grade Price
1909 O MS 66 $780,000 to $897,000
1909 O MS 65 $360,000 to $600,000
1911 D MS 65 $330,000 to $390,000
1913 S MS 66 $240,000 to $522,000
1908 S MS 68 $210,000 to $241,500
1912 S MS 65 $186,000 to $330,000
1913 S MS 65 $126,000 to $252,000
1915 S MS 65 $132,000 to $264,000
1914 S MS 65 $132,000 to $180,000
1914 MS 66 $120,000 to $168,000
1929 MS 65 $108,000 to $138,000
1909 S MS 66 $90,000 to $138,000
1910 D MS 67 $90,000 to $132,000
1916 S MS 66 $90,000 to $132,000
1911 S MS 66 $84,000 to $108,000
1910 S MS 65 $75,000 to $138,000
1908 S MS 67 $60,000 to $90,000
1909 S MS 65 $57,000 to $72,000
1913 MS 66 $57,000 to $72,000
1908 MS 67 $54,000 to $90,000
1914 D MS 66 $52,800 to $93,000

The most exciting key date is the 1909 O Half eagle. Its price is enormously high, and it is necessary to set aside $780,000 to $897,000 for a piece in MS 66 grade. Those in MS 65 class typically cost $360,000 to $600,000.

Gold coins produced in 1929 are rare, and it is estimated that only a few hundred pieces have survived by now. Their price range varies and can go over $100,000 at auctions.

 

Summary

The unique and beautiful Indian $5 gold coin is one of American favorite pieces, and many collectors want to add at least one to their collections. However, it is not a piece of choice for those with a limited budget since some are pretty costly. On the other hand, gold coins are always an excellent investment, so buying them is worth considering.

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