1908 Indian 5 dollar gold piece soars. (At least in my perspective)

GoldCoinLover

My most recent and most expensive coin I have is a 5 dollar ($5) 1908 Indian head piece.

I looked it up in one of the most recent Coins or Coinage Mar. 2005 magazines and was amazed to find it worth $275.00 in AU-55 condition!

I paid $215 when I purchased it (awhile ago) . But there's one more thing ! The coin is graded and encapsuled by ANACS with no problems at AU-58, slighly higher than AU-55 (The grade I purchased it for).

Just a tad under uncirculated. Could someone please explain what makes these coins so popular and rare? My answer for this is its indian (Taditional american symbol; besides the eagle) symbol, as well as it not being made much. How many years were the 5 dollar gold piece indians made total? About 16? I didn't see many. which is good,low population that is

Scavenger

The $5 Indian was made from 1908 - 1929. Its a very popular coin because of its styling. The $10 Indian is also sought after for it's beauty.

JrGMan2004

Honestyly, I think most of it's value comes from the gold content... if you go a few grades down, then it pretty much loses it's numismatic premium, and is just worth the amount of gold in it... I don't think Indian $5s are really popular... now $20 Indians and Saints... those are really popular, and, especially in Gem UNC grades, command a good premium over spot...

Edited to add: And, as we all know... price guides are simply that, guides, and are quite often incorrect... so... you may sell that, and only realize $235 dollars... yes, more than you paid for it, but a good bit less than your price guide said... on the otherhand, you might turn and sell it for $350! Who knows... but, I find the prices realize on auctions is a much better indication of current value than price guides...

GoldCoinLover

<< <i>Honestyly, I think most of it's value comes from the gold content... if you go a few grades down, then it pretty much loses it's numismatic premium, and is just worth the amount of gold in it... I don't think Indian $5s are really popular... now $20 Indians and Saints... those are really popular, and, especially in Gem UNC grades, command a good premium over spot... >>



Gem UNC? I bet..damn i'd like one of those

airplanenut

Coinage is likely high. Don't go by what the guides say--go by the auction records and what they're selling for. I doubt the coin went up that much... but it could have...

Murphy

Well the Gold Indian is rather appealing to the eye. Some might say that they whisper of pretty golden radiance dancing on booming luster...or something like that, lol.

KlectorKid

CDN Lists it at $222 ask for AU58. Coinage prices are high imo.