Every Indian Five Dollar gold coin value starts at $342 each. Your coin is heavy with gold, close to a quarter of an ounce.
However, looking at the chart below, there are two reasons to examine your coins closely.
First, rare dates caused by low production. For example, the branch mint in New Orleans produced just over 34,000 coins in 1909 and few have survived until today. It is the classic situation for the making of a rare and valuable coin. Find one of these, consign it to a major rare coin auction and receive over $1800 for your coin.
The second and a little harder to detect is the "Condition" of your coin. How much wear does it show or does it appear as if freshly minted?
The Indian five dollar gold coin pictured is an "Uncirculated" example, and is worth $421 or more because of its condition. Further down the page is a section on grading gold coins. But lets start with...
The Indian five dollar gold coin value chart lists all the dates and mints and gives values in four different "Conditions".
Indian Five Dollar
|Condition of Coin|
|Indian Five Dollar Gold Coin Values Updated||11/24/2014|
Based upon selected dealers buy prices, the above Indian five dollar gold coin value chart is representative of approximate wholesale prices.
Variations in value occur and are due to subtle grading points, collector demands, dealer needs and the current price of gold. For more background information, see how value listings in the Coin Value Guide are determined.
Print the handy Coin Values Worksheet to list your coins and record their values. Should you decide to sell... use the worksheet as an invoice and packing slip when sending coins through the mail to dealers. It indicates you have done your coin values homework.
Aside from rare dates, the condition of your Five Dollar Indian has the greatest impact on value. All are inspected closely, the condition of the coin is judged, and a "Grade" is assigned.
Grading Indian gold coins begins with inspecting for wear on the high points of the design. The "Uncirculated" coin shows no wear on the cheek and headband.
In "About Uncirculated" condition wear is found on the cheek and headband and the overall luster is disrupted. The "Extremely Fine" example exhibits more wear and little or no luster remaining.
Because of the expertise required to grade accurately, the high value of five dollar Indians and the large difference in value from one grade to the next, most are submitted to a grading service.
Collectors and dealers consider PCGS and NGC as leaders in coin grading services. Seek their advice. They both authenticate and grade your coin. The small fee you pay provides assurance you understand and receive the full value of your coin.
It is also helpful to know grading a coin is not an exact science. It is your opinion, dealers and collectors have their own opinions... and they can all differ slightly.
To see this in action, check a few rare coin dealers listings, look for those offering five dollar gold coins similar to yours. Their listings and prices include a notation of the NGC or PCGS assigned grade. Additionally, these coin dealers are potential buyers of your coins.
A small detail but necessary in determining your Indian five dollar gold coin value. Locate the mintmark on the reverse, along the edge, just to the left of the eagle.
The different mints placed mintmarks on each coin to indicate their origin. In Denver the mint used a "D", San Francisco an "S" and the extremely rare "O" denotes the New Orleans Mint. Philadelphia, the main mint did not use a mark.
Date, mintmark and the preservation of your coin. All combine to produce a wide range to the Indian five dollar gold coin value.
Handle your coins gently, never clean them and take your time. True, the value of most five dollar Indians rises and falls with the price of gold. It is also true the potential for far higher value is there.
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