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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. (NGC ID# ANJV, PCGS# 10288)

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Auction Dates
April, 2013
24th-28th
Internet/Mail/Phone Bidders: 10
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Page Views: 758

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