There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
5385

1849 $5 Mormon Five Dollar AU55 NGC. K-2, R.5. Although the Mormons struck gold coins for the benefit of their own economic...

2005 September Long Beach Signature Auction #384

 
Sold for: Sign-in or Join (free & quick)
Make Offer:
Make Offer to Owner

The owner of this Item has been actively participating in the Make Offer to Owner program.
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Sep 23, 2005
Item Activity: 6 Internet/mail/phone bidders
383 page views
Location: Long Beach, CA
Description:
Choice AU 1849 Mormon Five Dollars
1849 $5 Mormon Five Dollar AU55 NGC. K-2, R.5. Although the Mormons struck gold coins for the benefit of their own economic community, many of the pieces were used to purchase goods throughout the United States. In early 1850, William P. Hort, the assayer of the New Orleans Mint, obtained an example of the Mormon twenty dollar gold piece. After careful inspection, he concluded that the coin was only .892 fine instead of .900 fine and weighed 20% less than the specified weight of the United States' regular issue double eagle. As news of this discrepancy spread, merchants throughout the country started to accept Mormon coinage at 10-25% below face value. Eventually, most of the coins were melted. Better struck than often encountered, this example shows some finger definition on the clasped hands. The light olive and tan-gold surfaces are only minutely grainy and not unduly marked. Listed on page 308 of the 2005 Guide Book.(#10262) (PCGS# 10262)

View large image(s) of this item

Service and Handling Description: Coin/Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  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)
Population 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




FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
910,951
bidder-members
$969,556,063
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 23 days left to consign to the 2015 February 25 - March 2 PNG Dallas Invitational US Coins Signature Auction - Dallas!
Learn About Consigning With Us
Another major house refused the work stating it was too unique for the artist. Heritage saw that as an advantage!
James P. Lennane ,
Naples, FL
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 December 4 - 7 Houston Money Show US Coins Signature Auction - Houston
2014 December 4 - 7 Houston Money Show US Coins Signature Auction - Houston
REALIZED $9,614,728
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 $9,041,265
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 $1,817,724