Coin Specifications

Category: Indian Head $5 (1908-1929)
Mint: Philadelphia
Mintage: 139
Catalog: KM-129
Obverse Designer: Bela Lyon Pratt
Reverse Designer: Bela Lyon Pratt
Composition: Gold
Fineness: 0.9000
Weight: 8.3590g
AGW: 0.2419oz
Melt Value: $313.36 (4/20/2014)
Diameter: 21.6mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1911 $5 PF obverse 1911 $5 PF reverse


  
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Description & Analysis

The recorded proof mintage figures of Indian half eagles is staggering low to begin with, but in reality the survival rate of these interesting issues is less than one would expect for coins that were specially prepared for collectors. Breen, in his Complete Encyclopedia (1988), states that the proofs of 1908-15 are ?much rarer than those of the preceding decade, and rarer than their reported mintages suggest. Doubtless heirs mistakenly spent some, and turned in others during the Great Recall of 1934.?

1907 was the final year of the Liberty gold issues and also gold coinage in brilliant proof format. Roger Burdette, in his Renaissance of American Coinage (2006), sheds light on the reason for the change: ?In 1907, the Saint-Gaudens designs were adopted for the eagle and double eagle. Due to die curvature and texture of the field, polishing the dies to make brilliant proofs was not practical. A similar situation occurred in 1908 with the Pratt-designed half and quarter eagle.? To address this problem, the Philadelphia Mint employed a technique of sandblasting the dies used to strike proof coins in 1908. The resulting finish on the proofs was that of a matte texture, hence the term ?matte proof.? The Mint?s experimentation with matte proof finishes in 1908 was not well received by collectors and was abandoned that year, at least temporarily. After experimenting with Roman Finish (satin) proofs in 1909 and 1910, the Mint returned to the dark matte finishes (as found on 1908 proofs) for the issues of 1911.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 8/13/2013

Click on a price to see historical prices, comparison charts and trends.

1911 $5 PF
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 5400 6500 8400 13850 23000 49500 69500 105000 - - -
$ - - - - - 5900 7400 9500 16250 30000 55000 75000 111000 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 55
Low Grade: 63
Average Grade: 65
High Grade: 68


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/5/2006 NGC PF 68   Goldberg February 5-8, 2006 Pre-Long Beach Coin and Currency Auction, 34/Lot# 1219 $78,200.00
9/14/2008 NGC PF 68   Goldberg September 14-16, 2008 Pre-Long Beach Coin Auction, 48/Lot# 1267 $74,750.00
1/3/2011 NGC PF 66   Stack's Bowers The January 2011 Tampa Bay Rarities Sale, 70/Lot# 1489 $948.75
1/5/2011 NGC PF 67   Heritage Auctions 2011 January Tampa FUN Signature & Platinum Night US Coin Auction Session(3), 1151/Lot# 5164 $46,000.00
7/12/2012 NGC Details UNC Details  Heritage Auctions 2012 July 12-15 US Coin Summer FUN Signature Auction - Orlando Session(3), 1172/Lot# 4975 $4,025.00
4/24/2013 PCGS PF 67   Heritage Auctions 2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago Session(5), 1184/Lot# 4539 $99,875.00


NGC Registry

NGC Registry Score 1911 $5 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base1111111116002113268629943198391247565476690977048992102551409218118
11111115341771230427883062343641934996595371748133941311534154340
0000001534177123042788306234364193499659537174813394131153400
00000011067194224952891313036744474523664317439856298341281300
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