1. Condition: The overall condition of the coin, including its level of wear, scratches, or marks, can significantly impact its value. Coins in higher grades, such as those graded MS65 or higher, tend to be more valuable.
2. Rarity: The mintage of the 1905 $5 gold piece plays a role in its rarity. The Philadelphia Mint produced 2,048,700 pieces that year, making it relatively common compared to other gold pieces.
3. Numismatic Value: In addition to its intrinsic value based on its gold content, certain 1905 $5 gold pieces may carry historical or numismatic significance. Variations, errors, or unique characteristics can increase their value among collectors.
4. Gold Market: The value of gold on the global market also affects the price of the 1905 $5 gold piece. When gold prices rise, so does the value of gold coins.
Based on these factors, the current value of a 1905 US $5 gold piece can range anywhere from a few hundred dollars to several thousand dollars. However, it's important to note that the actual price can fluctuate based on market conditions and specific coin details. To obtain the most accurate value, it's advisable to consult with a reputable coin dealer or use a reputable online resource that specializes in rare coin valuation.