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Basis: gold @ $1,256.26 -- Updated: 07/21/2017
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U.S. $5 Indians, in our opinion, are an under-appreciated and highly promising segment of today's coin market. In choice Mint State 63 condition, they combine true scarcity and a unique design with low prices. We think they're real sleepers.
Along with their $2.50 brethren, $5 Indians are unique because they feature an incuse design, meaning their images and inscriptions are actually cut into the coin surface. All other U.S. coins are struck in bas-relief, meaning their designs are raised slightly above the surface fields.
True scarcity, great value
Minted from 1908 to 1916, and again in 1929, $5 Indians were produced by the millions but almost all were heavily used as currency. Specimens in MS63 are extremely scarce today. From an original mintage of more than 13 million, only 38,748 survivors are known in Mint State 63 condition (PCGS + NGC, 12/28/2016). Yet they are surprisingly affordable right now.
During periods of peak demand, $5 Indians in MS63 have rocketed in price because of their exceptional scarcity and collector interest. In 1989, during the last rare coin boom, they traded dealer-to-dealer for $5,275.
Because of their status as collectibles (and unlike most forms of gold bullion), they are private and exempt from governmental confiscation under current U.S. laws. In our opinion, they're better than bullion for bulk gold buyers.
• Only 38,748 coins survive in certified MS63. This true scarcity can mean higher premiums during periods of increased demand.
• Dealer-to-dealer high of $5,275 in 1989. Combines reasonable price with good upside potential.
• Private, liquid, and secure. As collectible coins, they are exempt from broker reporting requirements, makingthem private.
$5 Indian (MS63)
Minted: 1908-1916, 1929 (dates our choice)
oz. pure gold
Size: 20.5 mm, reeded edge
Weight: 8.359 grams