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Lot
5955

1849 $5 Mormon Five Dollar AU53 NGC. K-2, R.5....

2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188

 
Sold for: Not Sold
Auction Ended On: Aug 9, 2013
Item Activity: 6 Internet/mail/phone bidders
286 page views
Location: Hyatt Rosemont
6350 N. River Road
Rosemont, IL
60018
Description:
1849 Mormon Five Dollar, K-2
Rare Pioneer Gold Issue
1849 $5 Mormon Five Dollar AU53 NGC. K-2, R.5. Mormon miners found success during the early California Gold Rush and returned their wealth to Salt Lake City, where the bullion was privately coined under the supervision of Brigham Young. Each of the four denominations struck that year showed clasped hands on the obverse (symbolizing friendship with non-Mormon neighbors) and a three-pointed Phyrgian crown over an all-seeing eye of Jehovah on the reverse. The obverse initials represent Great Salt Lake City Pure Gold, but when the coins were declared debased, most were melted. This example has caramel-gold centers and russet-tan borders. Only lightly abraded with mildly granular surfaces. Listed on page 393 of the 2014 Guide Book. (PCGS# 10262)

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