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Lot
4755

1861 $5 Clark, Gruber $5 Copper Die Trial MS63 Brown NGC. K-10c, R.7....

2011 February Long Beach Signature US Coin Auction #1152

 
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‡Note: The owner placed a late bid on this unreserved lot and repurchased it, subject to the full Buyer's Premium.
Auction Ended On: Feb 4, 2011
Item Activity: 6 Internet/mail/phone bidders Number of Bidders
739 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
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Clark, Gruber Five, MS63 Brown
Rare Copper Die Trial, K-10c
1861 $5 Clark, Gruber $5 Copper Die Trial MS63 Brown NGC. K-10c, R.7. Clark, Gruber and Co. began issuing gold coins in various denominations in 1860. The firm was known for integrity and the reliability of their coins. Off-metal strikings of their two-and-one-half, five, ten, and twenty dollar coins are known for the years 1860 and 1861. Apparently, these strikings were made to test the dies before the gold coinage was struck. This piece represents the third and final variant of the 1861 five dollar die trial, identified as K-10c by Donald Kagin. This piece is struck from the regular dies used to coin gold five dollar pieces in 1861. Struck in copper, with a reeded edge.
The present coin is an attractive Select Brown specimen, tied with one other coin for finest certified at NGC (12/10). The strike lacks high point definition in the center of each side, the same as a regular production gold coin would. Each side is dark brown with subtle underlying blue and rose colors that are evident when closely inspected. The only mentionable flaw is a small planchet flake out of the obverse field by star 12. The 1861 Clark, Gruber half eagles in copper are very rare today. Currently, NGC has certified two examples of the K-10c in MS63 Brown with none finer (12/10). A few specimens of this design are known in gilt format, as well. (PCGS# 10151)

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