Building a d5 isn't quite as obvious as you thought, eh?
I have both a d5 and a d7. The way they're labelled is that it's the corner facing up that's the number rolled. On a d5, if you roll a 1 or 5 then that face is up, no problem, as you said. If you roll something else, you read the number at the top point - the corner that's facing up.
On the d5, the faces are small enough that the only thing to do was label them with numbers on the side. On the d7 the corners have pips on them, so it really is the corner that's got the number on it.
Here's
a picture of the d7.