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9034

1849 $5 Pacific Company Copper Gilt Five Dollar Pattern ...

2002 September Long Beach Signature Sale #300

 
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Auction Ended On: Sep 28, 2002
Item Activity: 5 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Rare 1849 Pacific Company Pattern
1849 $5 Pacific Company Copper Gilt Five Dollar Pattern AU50 Uncertified. K-4, High R.7. Sharply struck with the obverse displaying a pole holding the Phrygian cap of Liberty with rays and stars emanating all around it. The reverse sports an eagle with outstretched wings and talons grasping a hammer and a branch of leaves. A nice gilt matte-like finish obverse, but the reverse shows a spot of flaking under the Y in COMPANY and a larger area below the hammer. A few other surfaces flaws are noted but an attractive overall appearance.
Only four Pacific Five Dollar Gold Pieces are known (two of which are impounded) as well as four Ten Dollars (three of which are impounded) and two Dollars, but several patterns exist from Pacific Company dies. Many are silver, a few are struck over Federal or foreign silver coins, and a number are in copper. Five copper Five Dollar Pacific Company pieces are known; three of them are gilt making this a High R7.
Ex: Abe Kosoff. From The Estate of Jack L. Klausen. (PCGS# 10302)

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