David Akers (1975/88): The 1909 is clearly not one of the major rarities of the series but it is certainly very difficult to locate in MS-64 or higher grade. Below that level specimens can be located with relatively little searching. Thrue gems are very rare, maybe two dozen existing in all, and superb quality examples (better than MS-65) are exceptionally rare and, for all practical purposes, unobtainable. They do exist, however.
The 1909 is usually well struck with good to very good lustre. Most specimens are of the "soft" frosty surface type, but some satiny examples do exist that are remarkably similar to the Proofs in general appearance. Color on this issue is wide ranging. There are beautiful greenish orange specimens (always the "soft" frosty type) and bright yellow gold ones (usually, but not always, the satiny type).
Superior 1/2004:907, $18,400 - Jim O'Neal Collection of $5 Indians - Heritage 1/2011:5136, $24,150 - Heritage 12/2011:4623, $23,000