Indian Head Gold
About Gold Coin Collecting
Coin collecting is something that dates back to the when coins were first issued for trade. It was only in the Middle Ages that people turned this into a hobby because of the art work and the historical value.
Coin collecting today is still a hobby that many people enjoy. One of the most precious and most expensive collections that anyone can ever have are those of gold coins. The most expensive gold coin ever bought was worth around eight million dollars. This was the American 1933 Gold Eagle. This is why the collecting of gold coins deserves to be called the hobby of kings.
Gold coins were one of the oldest forms of money. This was later followed by silver coins. Gold coins were in circulation in the United States from 1838 to 1933. The design was the Liberty Head bust but this was only made until 1907. The design was then changed to the Indian Head and Saint Gaudens motifs and was used until 1933 when the Great Depression began. This prompted the recall of gold coins which makes them very difficult to find today.
Since these are no longer in circulation, the price for one of this rare commodity is quite high. Gold is now used for other things such as jewelry or bars that people retain as an investment.
South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes.
Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.
A lot of people retain gold today as an investment because they speculate that the demand will cause its market value to increase. Others hold it as a form of insurance should the financial situation become worse. There was a point in time when the more paper money that was made, the higher the price of gold which maintained gold and cash as equal value. After this standard ended in 1971, this enabled government to produce more paper currency without increasing the price of gold.
Since gold coins can longer be used to purchase merchandise most coin collectors just keep them to remember that people once used them.
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Indian Head Gold
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 1911 D $250 Indian Head PCGS MS63 $2 1 2 MS 63 Gold  US $24,850.00
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 Indian Head Gold Quarter Eagle Complete Set MS 61 1911D US $23,499.00
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 Gold Indian Head quarter eagle 1908 1929 Gold coins US $9,299.00
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 1915 $1000 INDIAN HEAD GOLD EAGLE GEM QUALITY US $8,030.00
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 14k Diamond $10 US Gold Indian Head Eagle Necklace US $4,650.00
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 1911 d Indian Head 250 Gold High Grade US $3,950.00
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 1911 D $250 Gold Indian Head NGC AU Details Key Date US $3,475.00
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 1911 Half Eagle $5 Gold Indian Head in MS 63 Grade PCGS US $2,950.00
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 1912 Half Eagle $5 Gold Indian Head in MS 63 Grade PCGS US $2,950.00
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 1913 Half Eagle $5 Gold Indian Head in MS 63 Grade PCGS US $2,950.00
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 1932 $1000 Indian Head Eagle Gold Coin PCGS MS64 US $2,500.00
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 Gold Indian Head Coin Proof 69 Deep Cameo US $2,500.00
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 1874 $300 Indian Princess Head Gold Coin NGC AU58 US $2,500.00
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 1926 250 Indian Head gold piece Uncirculated US $2,499.99
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 NICE 1857 $3 Gold Indian Princess Head US 3 Dollar Coin US $2,499.00
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 1912 $10 Indian Head Gold Eagle PCGS MS63 US $2,370.00
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 1911 Indian Head $10 Gold Eagle NGC MS63 US $2,350.00
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 GOLD US $3 INDIAN PRINCESS HEAD 1874 NGC AU58 COIN US $2,340.00
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 1913 $5 Gold Indian Head Half Eagle Gem BU US $2,305.00
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 1932 Indian Head $10 Gold Eagle NGC MS63 US $2,300.00
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 1910 S $10 UNC Details NGC Dollar Indian Head GOLD US $2,299.99
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 1857 S $3 DOLLAR GOLD INDIAN HEAD RARE BEAUTY US $2,294.95
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 1854 1 DOLLAR GOLD COIN INDIAN PRINCESS HEAD MS US $2,250.00
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 1926 $10 Indian Head Gold Eagle PCGS 64 STUNNING COIN US $2,249.00
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 GOLD US $10 INDIAN HEAD EAGLE 1911 NGC MS63 COIN US $2,190.00
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I have a 1872 five dollar gold coin. What is it's value?
On the front is an Indian head with 13 stars and the date and on the reverse is the words "california gold" .
It sounds like a jewelry item. Most of the original california gold was made in denominations of $1 or less and are considered tokens. The 13 stars are common but no Indians. Your coin is not listed in The Red Book A Guide to U.S. Coins or Coins of North America. I would say it is a modern fantasy token. It could however be gold so a coin dealer or jeweler needs to be seen on that. See a couple for their opinions.