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Lot
5956

1849 $5 Oregon Exchange Co. Five Dollar VF25 NGC. K-1, R.5....

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

 
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Auction Ended On: Aug 9, 2013
Item Activity: 8 Internet/mail/phone bidders
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Location: Hyatt Rosemont
6350 N. River Road
Rosemont, IL
60018
Description:
1849 Oregon Exchange Company
Five Dollar, Kagin-1, VF25
1849 $5 Oregon Exchange Co. Five Dollar VF25 NGC. K-1, R.5. The 1849 California Gold Rush transformed the basis of the Oregon economy from beaver pelts to gold dust. The Oregon Exchange Company was formed to coin the dust, and the initials of the principals (Kilborn, Magruder, Taylor, Abernethy, Willson, Rector, Gill Campbell, and Smith) appear on the obverse. The firm struck both five and ten dollar coins before a new Oregon governor arrived from Washington and ended minting activities. This orange-gold and rose-red five dollar example is evenly circulated and has clear legends and motifs. Tiny marks are scattered but none are consequential. Listed on page 392 of the 2014 Guide Book. (PCGS# 10288)

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