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Basis: gold @ $1,297.12 -- Updated: 09/22/2017
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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 near-gem Mint State 64 condition, they combine extreme 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.
Extreme 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 MS64 are extremely scarce today. From an original mintage of more than 13 million, only 15,888 survivors are known in near-gem Mint State 64 condition (PCGS + NGC, 9/18/2017). Yet they are surprisingly affordable right now.
During periods of peak demand, $5 Indians in MS64 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 $10,850.
Unlike most forms of gold bullion, they are exempt from broker reporting requirements. In our opinion, they're better than bullion for bulk gold buyers.
• Only 15,888 coins survive in certified MS64. This true scarcity can mean higher premiums during periods of increased demand.
• Dealer-to-dealer high of $10,850 in 1989. Combines reasonable price with large upside potential.
• Private, liquid, and secure. Unlike most forms of gold bullion, they are exempt from broker reporting requirements.
$5 Indian (MS64)
Minted: 1908 to 1916, 1929 (dates our choice)
oz. pure gold
Size: 21.6 mm, reeded edge
Weight: 8.359 grams