1911-S 5 Dollar Gold Indian NGC AU58 GSA

Scarce Incuse $5 Gold Indian Finally Eludes the Government

In 1934, the United States government passed the Gold Reserve Act. The purpose of the act was to protect the currency system of the United States by providing a better use of the country’s monetary gold stock. This was the height of the Great Depression, and what the Act really did was outlaw most private possession of gold. By law, it forced people to sell their gold coins to the U.S. Treasury, after which most of it was stored at the U.S. Bullion Depository at Fort Knox. 

Now, more than 80 years later, you can buy back some of this gold that has been hoarded by the government. The gold coins we have obtained were secured from the General Services Administration (GSA) and, like the silver dollars sales between 1972 and 1980, the coins we have represent surplus government property that the GSA was responsible for selling. Unlike the famous Morgan Silver Dollars sold off in the 1970s, however, the gold coins that were made available came not from uncirculated mint bags, but from coins confiscated in criminal cases or from the gold coins the government bought back in the 1930s. These were coins that had been in the hands of the public and had circulated to some degree. Each coin we have has been sealed into a GSA holder and graded by Numismatic Guaranty Corporation (NGC).

In this offer you can obtain a 1911 $5 Gold Indian struck at the San Francisco Mint. Because they featured incuse designs struck into the metal versus raised above the surface, the $5 Gold Indian coins from the early 1900s were one of the most intriguing U.S. coins ever issued. Struck from 1908 to 1929, the coin features a proud Native American and a stoic American Bald Eagle.  Your coin has been graded by NGC to be in About Uncirculated 58 (AU58) condition showing only slight wear on the highest points of the design and full details.

• FAMOUS INCUSE DESIGN – Struck from 1908-1929, America’s $5 Gold Indian was designed by Boston sculptor Bela Lyon Pratt. His initials “BLP” can be seen on the coin’s obverse at the base of the Native American’s bust. These coins are different from any other U.S. coin ever made because the design was recessed or incused into the coin. The design was basically a reverse of the normal die in that the design was pressed into the coin rather than the typical coin where the design rises outward from the coin.

• STRUCK IN PURE AMERICAN GOLD – This coin has been struck in nearly a quarter ounce (8.36 gm) of 90% American gold.

• LEGAL TENDER U.S. COINAGE – The denomination of $5 is shown on the coin’s reverse where it reads “FIVE DOLLARS” Below the talons of the proud American eagle.

• FANTASTIC GRADE FOR A COIN THIS OLD – Your 1911-S Gold $5 Indian has been graded by NGC to be in About Uncirculated-58 (AU58) condition. That means it will show just the barest trace of wear that may be seen on one or more of the high points of the design. No major detracting contact marks will be present and the coin will have attractive eye appeal and nearly full luster.

Collectors love American gold coins, and the unique design and history behind the 1911-S $5 Gold Indian makes this coin even more desirable. Get yours today!