1908 $5 Indian XF40

CERTIFICATION#: -35438
PCGS#: 8510

Owner's Comments

Estimated grade. Sold by David Akers Numismatics Oct '97 Price realized $165

Expert Comments

Ron Guth: Don't be fooled by the relatively high mintage of this date -- it is a true condition-rarity in top grades. David Akers' analysis of the 1908 $5 Indian appears to have withstood the test of time, including the rarity of "nearly perfect" examples.  His "some" back then translates to "extremely rare" today, as the number of MS67 examples certified by PCGS is exactly two, with none finer.  From 1988 to 2012, only one MS67 had been certified by PCGS. NGC reports a single MS68, but that one has yet to appear at auction.

David Akers (1975/88): The 1908 is the second most common issue of the series after the 1909-D and is by far the easiest to locate in gem condition. Finding an MS-63 or lower grade example is quite easy and even MS-64 specimens are encountered with some regularity. In MS-65, the 1908 is very scarce, if not rare, but there always seems to be a few on the market at any given time. Some really superb, nearly perfect examples of this date also exist, probably saved as mementos of the first year of issue.

The typical 1908 is well struck with very good to excellent lustre and satiny rather than frosty surfaces. (There are many specimens of the "soft" frosty type as well, however.) Color varies widely from rich greenish gold to bright yellow gold to orange and greenish gold.

Diameter: 21.60 millimeters Designer: Bela Lyon Pratt Edge: Reeded
Mintage: 577,845 Weight: 8.24 grams Metal Content: 90% Gold, 10% Copper
1
535
1
2
455
3
360
4
365
6
370
8
375
10
380
12
385
15
390
2
20
395
2
25
400
2
30
405
8
40
415
30
45+
415
50+
415
53+
415
55+
465
58+
465
66+
34,500
1

Rarity and Survival Estimates

Grades Survival Estimate Numismatic Rarity Relative Rarity by Type Relative Rarity by Series
All Grades 26,666 R-2.7 19 / 24 TIE 19 / 24 TIE
60 or Better 17,500 R-2.8 20 / 24 20 / 24
65 or Better 500 R-6.0 24 / 24 24 / 24

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS67 PCGS grade
1 MS67 PCGS grade  
1 MS67 estimated grade  
4 MS66+ PCGS grade
5 MS66 PCGS grade