Since the mint was founded in the 1790s, the US Mint has been producing not only the coins of the US, but those of many other countries around the world. As you might expect, the reputation the US Mint has is a solid one. Throughout the years, this fine facility has brought to the world some of the world’s most sought after coins.
One of these coins is the Indian Head $5 Gold Coin, which was first introduced in the early 1900s. These coins changed the way in which US citizens did business, and changed the way people thought about currency. Now, these coins are no longer being produced, but they are extremely popular amongst collectors.
The Indian Head $5 Gold Coin (designed by Bela Lyon Pratt) is one of just two U.S. coins to feature an incuse design, the other is the Indian Head quarter eagle, also a Pratt design.
For coins that are more than a century old, the first and only goal of collectors is to find pieces that have been extremely well-preserved. Unfortunately, thanks to the age of these coins and how heavily they have been circulated over the years, their condition is never guaranteed. For this reason, collectors of all types will carefully analyze the surfaces of a coin in order to spot even the smallest signs of wear and tear.
Normally, a person who is looking to find out more about the condition of a coin will have that piece sent away for grading at the hands of a professional company. Knowing that not everyone can afford to have their coins sent away, we have provided below a listing of the popular coin grades.
Uncirculated: If your 1913 Indian Head $5 Gold Coin is determined to be Uncirculated, this means that the piece in question was never exchanged on the open market. Thanks to this, the coin will have preserved its overall texture and will appear as though it was just recently minted. For collectors, these coins are far and away the most desirable.
Extremely Fine: A coin graded as being Extremely Fine is one that spent only a short period of time being exchanged. These coins will show some extremely light signs of wear and tear, but these will only be able to be made out under close inspection. Being a bit more affordable and still in excellent condition, these coins are also quite desirable in the eyes of collectors.
Fine: A coin that is graded as being Fine is one that was in circulation for an extended period of time, but managed to avoid most of the physical pitfalls often encountered by coins that have been so heavily circulated. For the price, you would be hard-pressed to find a coin that is in better condition.
Good: Good is the grade reserved for coins that have left their better days behind them. Coins of this grade are home to plenty of wear, most of which is quite noticeable. All in all, you can expect that these coins will be chipped, bent, or otherwise heavily damaged.
Determining a price for the 1913 Indian Head $5 Gold Coin is simple so long as you aptly take into consideration a few different factors. For one, the fact that the coin had multiple types minted every year means that the type you own will play into the asking price. Beyond that, collectors are so concerned with the condition of the coin that the better-preserved a coin is, the higher the asking price will be. Listed below is a chart aimed at giving you a better idea of what you might ask to be paid for an 1913 Indian Head $5 Gold Coin given its type and condition.
Indian Head $5 Gold Coin
|1913 Indian Head $5 Gold Coin||N/A||N/A||$450||$460|
|1913 Indian Head $5 Gold Coin (S)||N/A||N/A||$575||$675||Source: Red Book|