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: 8.3600g
AGW: 0.2420oz
Melt Value: $323.70 (8/24/2016)
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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There are no NGC varieties for this coin.

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.


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Price Guide

Last Updated: 10/12/2015

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

1911 $5 PF
Base $ - - - - - - - - - 5600 6600 8750 14500 24000 45000 58500 100000 - - -
$ - - - - - - - - - - - - - -

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Total Graded: 54
Low Grade: 63
Average Grade: 65
High Grade: 68

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
7/30/1994 PCGS PF 67   Heritage Auctions 1994 ANA Sale #122, 122/Lot# 7496 $33,000.00
1/7/2000 NGC PF 66   Heritage Auctions 2000 F.U.N. Signature Sale #218, 218/Lot# 7528 $25,300.00
11/7/2003 PCGS PF 67   Heritage Auctions 2003 November Signature Sale #334, 334/Lot# 7639 $52,900.00
8/18/2004 PCGS PF 67   Heritage Auctions 2004 August Pittsburgh, PA Signature Sale #352, 352/Lot# 7412 $63,250.00
9/14/2008 NGC PF 68   Goldberg September 14-16, 2008 Pre-Long Beach Coin Auction, 48/Lot# 1267 $74,750.00
8/11/2010 PCGS PF 67   Heritage Auctions 2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143, 1143/Lot# 3531 $80,500.00
1/3/2011 NGC PF 66   Stack's Bowers The January 2011 Tampa Bay Rarities Sale, 70/Lot# 1489 $948.75

NGC Registry

NGC Registry Score 1911 $5 PF
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