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Conditionally Rare C. Bechtler Five Dollar, K-23, MS61

(1834-37) $5 C. Bechtler Five Dollar, RUTHERF: MS61 NGC. K-23, R.6. This is an impressive Mint State example of the Georgia gold rarity. This example was assigned the High Rarity-6 rating by Donald Kagin in his 1981 reference, Private Gold Coins and Patterns of the United States. Although a few more are probably known a quarter century later, it is doubtful that this variety has broken out of the R.6 level, thus less than 30 survivors exist.
This example is the first Mint State specimen that we have handled in any of our auctions since we began our archives in 1993. NGC and PCGS have combined to grade just three MS61 examples with one finer piece (11/07). This specimen has bright greenish-yellow gold with considerable reflectivity in the fields. Logically, since it is made from Georgia Gold, it has a similar color to most Dahlonega Mint gold pieces. Listed on page 350 of the 2008 Guide Book.
From The Madison Collection. (NGC ID# 2B9W, PCGS# 10109)

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Auction Dates
January, 2008
9th-12th Wednesday-Saturday
Internet/Mail/Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 494

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