Coin Specifications

Category: Indian Head $5 (1908-1929)
Mint: New Orleans
Mintage: 34,200
Obverse Designer: Bela Lyon Pratt
Reverse Designer: Bela Lyon Pratt
Composition: Gold
Fineness: 0.9000
Weight: 8.3600g
AGW: 0.2420oz
Melt Value: $428.03 (4/20/2021)
Diameter: 21.6mm
Edge: Reeded
Link to this coin

1909 O $5 MS obverse 1909 O $5 MS reverse
Expand All    Collapse All

Description & Analysis

Congress authorized the New Orleans Mint in 1835, and the facility was producing coins three years later, beginning with silver coins in 1838 and gold coins in 1839. The original legislation provided for the first three branch mints of the Philadelphia Mint, requiring Congress to consider all aspects of the distant operations. The first section stipulated locations:

Be it enacted by the Senate and House of Representatives of the United States of America, in Congress assembled, That branches of the mint of the United States shall be established as follows: one branch at the city of New Orleans for the coinage of gold and silver, one branch at the town of Charlotte, in Mecklinburg county, in the state of North Carolina, for the coinage of gold only, and one branch at or near Dahlonega, in Lumpkin county, in the state of Georgia, also for the coinage of gold only. And for the purpose of purchasing sites, erecting suitable buildings, and completing the necessary combinations of machinery for the several branches aforesaid, the following sums, to be paid out of any money in the treasury not otherwise appropriated, shall be, and hereby are, appropriated: for the branch at New Orleans, the sum of two hundred thousand dollars, for the branch at Charlotte, fifty thousand dollars, for the branch at Dahlonega, fifty thousand dollars.

Additional sections of the 1835 Mint Act provided for officers at each branch and their salaries, that the said officers were required to take an oath, and that the direction or control of each branch fell under the jurisdiction of the Mint Director in Philadelphia. The final section of the Act, approved on March 3, 1835, extended all laws for regulation of the Mint to each of the branch mints. The New Orleans branch mint operated from 1838 to 1861, when Confederate sources captured the facility. At the close of the Civil War, coinage operations remained suspended for a number of years. With the substantial need for Morgan dollars following passage of the Bland-Allison Act in 1878, the New Orleans Mint again produced coins beginning in 1879. Operations continued until 1909, when the last coins were struck in March of that year.

The Annual Report of the Director of the Mint for the Fiscal Year Ended June 30, 1910, discusses the idle New Orleans Mint:

The amount of gold which is available for coinage at New Orleans is small, and the total coinage of the country can be done materially cheaper at three mints and with three organizations than at four mints and with four complete complements of officers and employees. The amount of coinage which could be given to the New Orleans Mint under these conditions did not warrant the continuance of operations there, and they were suspended April 1, 1909, and a large reduction of the force made at that time. At various dates in 1910 further reductions were made, and there appearing to be no likelihood that the mint could advantageously resume operations in the near future, the estimates for 1911 have been made for the conduct of the institution as an assay office only.

Frank Aleamon Leach was the Mint director at the time that New Orleans coinage was suspended. At the time, an option to reopen the New Orleans Mint was reserved, although today we know that never happened.

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


GRADE SUMMARY

Loading... Working...

Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

There was no data found for this Coin.

Select Designation

 
NGC PRICE GUIDE
NGC CENSUS
AUCTION PRICES REALIZED
NGC REGISTRY
SCORE
FIND IT ON EBAY

Select Grade

Price Guide

Last Updated: 3/24/2021

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

1909 O $5 MS
  GVGFVFXF505355586061626364656667686970
Base $ - 950 2150 3750 7750 11000 13000 14000 18500 30000 32500 50000 110000 185000 580000 780000 - - - -
$ - - - 16500 22500 - - 80000 - - - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 980
Low Grade: VF
Average Grade: 55
High Grade: 64

The chart showing VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series.
NGC CENSUS DETAIL Last Updated: 4/13/2021 1909 O $5 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----914476711724233433752778------980
-----------------------
---------46131--------15
-----------------------
Total----914476711724634034782878------995
 ----1%1%5%7%12%25%34%3%8%3%1%1%------ 

NGC Registry

NGC Registry Score 1909 O $5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base119613191450166825973862434047486002663674197865879997761168314069211212315966428115717134561134561
1237136215221977301840214476516662136897756781769124104111247816419218003758282857121998134561141289
000000447651666213689775678176912410411124781641921800375828285712199800
000000461255846424715877168487945011047132731877022479520059928712827900
Registry Image Gallery
Grade: MS 62
Points: 9776
Owner: H.I.M. Collection
 
Grade: MS 61
Points: 8799
Owner: foresthamilton@universalcoin.com
 
View the Registry Image Gallery

Related Articles

Reverse Proof Gold Buffalo Charges Ahead!

9/19/2013 — Stack's Bowers' Ford XXIV Takes Stage in Philly. Heritage Presents Collectors With Diverse US & World Offerings In Long Beach.
View full article >
Counterfeit Detection: Fake $5 Indian Lacks Details

1/12/2010 — The missing details on this $5 Indian reveal it to be counterfeit.
View full article >


NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.