Options
$5 1909-D...the most common $5 Indian...where did the hoards come from?
philographer
Posts: 1,383 ✭✭✭✭✭
The 1909-D is the most common $5 gold Indian. I believe a number of “hoards” were discovered in the 1970’s. Anyone have the back story on this? Were these repatriated from one or more foreign banks, held by U.S. citizens, or somehow released from the Mint (and survivors of the melting of 1934-1937)?
Also, did the 1909-D have a higher value before the hoards came to light? What was the effect on collectors and pricing?
Thanks!
He who knows he has enough is rich.
0
Comments
They came from Scrooge McDuck's money bin. He cashed them in so he could buy more GSA "CC" dollars.
I always wondered about that myself. I assumed they came from hoards in Europe like the 1926 and 1932 eagles and the 1904, 1908NM, and 1924 double eagles which are also extremely common.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
In the late 80 my uncle had a little velvet bag that had 18 UNCs of the 1909d 5$s in it. Every holiday season we would go trough the collections and I would get to line them up on the inspection board. He got them form his uncle where I got my original coin set from.
I grew up thinking that the 09d were as common as 81-s (Morgans) and always wondered why too.
11.5$ Southern Dollars, The little “Big Easy” set
People saved them because they thought that the coins were minted at Dahlonega.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
I have one... and actually, it is my favorite coin - among a few favorites. I have posted pictures of it here before...just a really nice design - and, it is gold.
Cheers, RickO
Years ago, before I had the shop, i met a guy at the bowling alley , said he had a nice 1909-O, Turned out it was the D.