Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live!

Please note that starting with Auction #131441, which opens for bidding on Sunday, October 5th and closes on Sunday the 12th, the Weekly Sunday and Tuesday Internet Coin Auctions will open for live bidding at 7:00 PM CT, one hour earlier.

For more information about Heritage Live!, please visit HA.com/live. If you have any questions about this exciting format change, please contact us at 800-872-6467 or Bid@HA.com.

X
There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
3977

1849 $20 Mormon Twenty Dollar -- Surfaces Tooled -- PCGS Genuine. K-4, R.6....

2013 November 1 - 3 US Coin Signature Auction - New York #1191

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Nov 1, 2013
Item Activity: 15 Internet/mail/phone bidders
2,382 page views
Location: Heritage Auctions
445 Park Avenue, 15th Floor
New York, NY 10022
Description:

1849 Mormon Twenty Dollar, K-4
Rare Artifact of Gold Rush and Religious History
1849 $20 Mormon Twenty Dollar -- Surfaces Tooled -- PCGS Genuine. K-4, R.6. In our opinion, the piece has the details of a VF specimen. While all of the gold coinage produced by the Mormon settlers in present-day Utah is historically significant, the largest denomination, that of twenty dollars, is most significant of all. While the U.S. Congress authorized a twenty dollar gold coin or double eagle in March 1849, examples were not released to circulation until the next year, 1850. The twenty dollar coins created by the Mormons, made in 1849 and spent the same year, thus were the first coins of that denomination to enter commerce in North America.

Whether word of the U.S. plans for double eagles had made it to the settlement or the Mormon twenty dollar coins were an independent innovation is an open question. It is possible that the idea for twenties (which must have predated the legislation authorizing it) had traveled by telegraph to the Great Plains Midwest and been taken to the Great Salt Lake Valley in the mind of a settler, but this is not confirmed. Perhaps a document exists in a Latter-day Saints archive that can shed light on the subject.

Leaving aside topics of future research, it is rare for any 1849 Mormon twenty to come to auction, and this is the first such appearance in a Heritage event in more than 15 years. The condition, to be frank, leaves much to be desired. Moderate wear is at the bottom of the list of concerns; not only do a number of old abrasions appear on the yellow-gold surfaces, but the field to the left of the crowned Eye of Jehovah on the reverse shows substantial alteration from misguided efforts to smooth out some flaw or another. Even so, this coin's simple existence and offering are enough to inspire heavy bidding. Get your checkbook ready. Listed on page 393 of the 2014 Guide Book. (PCGS# 10274)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
886,130
bidder-members
$971,704,358
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 19 days left to consign to the 2014 December 4 - 8 Money Show of the Southwest US Coins Signature Auction - Houston!
Learn About Consigning With Us
I was very pleased with the personal attention I was given.
P.W.,
Baltimore, MD
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $13,439,671
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED $9,108,344
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,847,114