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Lot
4649

1849 $5 Oregon Exchange Co. Five Dollar Fair 2 PCGS. CAC. K-1, R.5....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 10 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
1849 Oregon Exchange Co. Five Dollar, Fair 2
Heavily Worn but Original, K-1
1849 $5 Oregon Exchange Co. Five Dollar Fair 2 PCGS. CAC. K-1, R.5. Oregon pioneers were among the first to hear of the discovery of large quantities of gold in California and among the first immigrants to the gold fields. Some of these miners returned to Oregon with bags of gold dust, which could not be efficiently traded. Private coinage was once again the solution, as the Oregon Exchange Company, composed of Territorial politicians and merchants, sprang into being. Five and ten dollar gold coins were struck at a two-story building at the corner of Fifth and Water streets in Oregon City. Prominently featured on the obverse of their coins was the beaver, the symbol of the industrious Oregonian. This heavily worn example shows a fully outlined beaver. T.O. (for Oregon Territory) is clear, and the date is mostly legible. The reverse is worn smooth save for the denomination, 5 D. Listed on Page 388 of the 2013 Guide Book.
Ex: ANA Signature (Heritage, 7/2005), lot 10468, where it brought $14,950. (PCGS# 10288)

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