The 1880 Liberty five-dollar gold coin is a relatively common coin, with a mintage of over 2.3 million pieces. As such, its value is primarily based on its gold content, currently worth around $300. Due to its age, most coins in circulation will be in a lower grade, like Good or Very Good. These coins are typically priced close to the gold value.
However, higher grade coins, particularly those graded Very Fine or better, can command higher premiums. Uncirculated examples can be quite valuable, selling for several hundred to thousands of dollars. These coins are often sought by collectors who appreciate their historical significance and rarity in high grade.