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Lot
2869

1849 $5 Mormon Five Dollar--Cleaned--ANACS. VF20 Details....

2008 February Long Beach, CA Signature Coin Auction #460

 
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Auction Ended On: Feb 15, 2008
Item Activity: 6 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103 B,C

Description:
1849 Mormon Five Dollar, K-2, VF20 Details
1849 $5 Mormon Five Dollar--Cleaned--ANACS. VF20 Details. K-2, R.5. Had the coiners at the Deseret Assay Office been either more skillful or accurate in their refining and minting activities, more collectors today would be able to afford an example of Mormon territorial gold coinage. Since the Mormon gold issues were both of low fineness and lightweight, they were only accepted at a substantial discount and, as such, many were melted during the Gold Rush era. The relatively few coins that managed to escape the melting pots saw circulation, and many today are found worn or impaired. The current piece is actually nicer than indicated on the ANACS holder. The signs of cleaning are minimal, and the overall eye appeal of this coin is above average for the type. Listed on page 365 of the 2008 Guide Book. (PCGS# 10262)

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