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1860 $10 Clark, Gruber & Co. Ten Dollar MS62 PCGS....
Lot: 3786,
Auction: 2008 May Long Beach, CA Signature Auction #1108
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| Ended: | May 29, 2008 | |
| Item Activity: |
8 Internet/mail bidders
 3,356 page views |
Description:
Reflective 1860 Clark, Gruber Ten, MS62
1860 $10 Clark, Gruber & Co. Ten Dollar MS62 PCGS. K-3, R.5. Cracked from the border over P in PEAK, to the center of E and the base of A and K. A remarkable Mint State example with few peers among PCGS certified examples. Both sides have reflective surfaces that exhibit rich green and orange-gold with hints of lilac toning along the obverse border. The usual small surface scrapes and abrasions are visible on this piece, as on nearly every known example of this coinage issue, regardless of its grade.The 1860 Clark, Gruber ten and twenty dollar pieces featured an idealistic view of Pikes Peak, rather than the usual private gold design that paralleled federal gold issues. Apparently the engraver had never actually seen Pikes Peak, as the mountain on these coins bears no resemblance. In fact, to some it appears like a volcano, while others have called it a mountain on fire, with burning shrubbery at its base. Perhaps the engraver also failed to realize that Pikes Peak is quite some distance from Denver, with that town identified at the base of the mountain. The reverse depicts an eagle with wings spread, its head turned to the viewer's left, a shield covering its breast. The eagle clutches an olive branch and three arrows in its claws.
In the brief period of operation from 1860 to 1862, Clark, Gruber & Co. produced nearly $600,000 in gold coinage, including $2.50, $5, $10, and $20 gold pieces, all dated either 1860 or 1861. Don Kagin writes: "During its operation, Clark, Gruber & Co. issued a total of $594,305 worth of gold coins. These pieces were widely accepted at par, and the firm's reputation was above reproach." In addition to their coinage operation, Clark, Gruber operated a banking facility, and also issued private currency. (#10137)
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Shipping Description: Coins & Currency (view shipping information)
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(Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)This lot is in: Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-3858)
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Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 122, Lot 7916 | Saturday, July 30, 1994 | 62 | NGC | $18,700.00 |
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