The 1914 Indian Head $5 Gold Coins are considered common in the terms of pre-1934 United States gold coinage. The Indian Head $5Gold Coin was first introduced to the US exchange market shortly after the turn of the 20th century, but the coin has remained relevant ever since. Even though it is still no longer being produced, collectors flock to this fine coin in order to get their hands on a great piece of US coinage history.
Of course, when it comes to collectors, only the finest, most well-preserved pieces will do, and with coins that are going on one hundred years old it goes without saying that finding them in excellent condition is no simple feat.
For coins that are over 100 years old, it goes without saying that the condition the coin is in is often left up in the air, meaning no two 1914 Indian Head $5 Gold Coins will be in the same exact condition. Having been circulated quite extensively more often than not, these coins are always having their condition called into question.
For most collectors, the surefire way to have the condition of a coin judged is to send that coin away for grading at the hands of a professional company. Understanding that this is not always an option for everyone, we have provided an outline of the different popular coin grades below.
Uncirculated: A coin that is graded as being Uncirculated is one that never spent any time in circulation. Because of this, the coin in question will have almost no signs of damage and will more closely resemble a coin that was just recently minted. For collectors, these are the most desirable coins simply because of how well-preserved they are.
Extremely Fine: A coin that is graded to be Extremely Fine may have spent some time in circulation, but this time was incredibly short-lived. The most common signs of wear and tear on these pieces will be some light scratching on the surfaces, and nothing much beyond that. These coins are also the apple of many collectors’ eyes because they are still in excellent condition for their age.
Fine: If a coin is receiving of a Fine grade, this means that the coin in question was exchanged for an extended period of time but somehow managed to avoid incurring any major damage. For those holding the coin, you will notice that the surfaces are smoother to the touch and that both sides are home to plenty of surface scratching.
Good: Good is the lowest grade a coin can receive, and this is reserved for coins that have been extremely heavily circulated. All in all, these coins appear to have been through their better days, as deep scratching and bending are two noticeable signs of wear.
As far as determining a price for the 1914 Indian Head $5 Gold Coin is concerned, this can be done by simply assessing the type of coin it is and the condition it is in. Because there are different levels of scarcity associated with the different types of Indian Head $5 Gold Coins that were minted every year, this is arguably the biggest factor to consider when attempting to determine a price. Secondly, condition means everything to collectors, so it is only right that those well-preserved coins will sell for the highest prices. Listed below is a chart aimed at giving you a better idea of what you might be asked to pay for a 1914 Indian Head $5 Gold Coin given its condition and type.
|1914 Indian Head $5 Gold Coin (D)||N/A||N/A||$450||$460|
|1914 Indian Head $5 Gold Coin (S)||N/A||N/A||$500||$525||Source: Red Book|