Coin Specifications

Category: Indian Head $5 (1908-1929)
Mint: Philadelphia
Mintage: 125
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: $319.90 (8/26/2016)
Diameter: 21.6mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1914 $5 PF obverse 1914 $5 PF reverse

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There are no NGC varieties for this coin.

Description & Analysis

The Philadelphia Mint was far from averse to tinkering with the appearance of proof gold coinage during the 1908-15 era, so that many proof gold coins have slightly (or noticeably) different surface appearances from one year to the next, as well as over the lifespan of a particular series. The Indian Head quarter eagles, half eagles, and eagles showed radically different treatments from the typically brilliant proof surfaces previously seen on the Liberty Head proof gold coin series. While the proof half eagles of 1912 and 1913 showed a fine sandblast appearance, in 1914 the Mint slightly increased the size of the microscopic tiny facets, giving the coins a somewhat coarser surface appearance. Although the recorded mintage is 125 pieces, this issue is among the most difficult Indian Head half eagle proofs to obtain, exceeded only by the 1915 and 1909 issues.

It is difficult to explain the low survival rate of the 1914 issues. However, one must consider that Europe was on the verge of war during much of 1914, before open hostilities broke out in July and August. The United States declared its neutrality and strove to preserve it from 1914 until 1917. In such an unsure political environment, it is easy to see how a number of proof gold pieces might have entered circulation rather than being held for future generations.

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.

1914 $5 PF
Base $ - - - - - - - - - 5600 6600 8750 14750 27500 54000 73500 110000 145000 - -
$ - - - - - - - - - - - - - -

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Total Graded: 32
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
2/11/2007 PCGS PF 65   Goldberg February 11-14, 2007 Pre-Long Beach Coin and Currency Auction, 39/Lot# 2372 $36,800.00
7/11/2013 NGC PF 66   Heritage Auctions 2013 July 11 - 14 US Coins Signature Auction - Orlando Session(1), 1187/Lot# 3379 $41,125.00
9/23/2013 NGC PF 68   Bonhams The Tacasyl Collection of Magnificent United States Proof Gold Coins, 20992/Lot# 1016 $134,550.00
9/25/2013 PCGS PF 66   Heritage Auctions 2013 September 25 - 29 US Coins Signature Auction - Long Beach Session(6), 1189/Lot# 6801 $64,625.00
11/5/2015 PCGS PF 67   Stack's Bowers November 2015 Baltimore, 6110/Lot# 20119 $111,625.00

NGC Registry

NGC Registry Score 1914 $5 PF
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