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Lot
30618

1850 $5 Mormon Five Dollar AU53 NGC....

2005 Ft. Lauderdale FL. (FUN) Signature Sale #360

 
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Auction Ended On: Jan 12, 2005
Item Activity: 6 Internet/mail/phone bidders
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Location: Fort Lauderdale, FL
Description:
Rare 1850 Mormon Five Dollar Gold Coin
1850 $5 Mormon Five Dollar AU53 NGC. K-5, High R.5. The 1850 Mormon Half Eagle differs primarily from the 1849 issue as it has a redesigned obverse with an all-seeing eye, nine stars surrounding it, and a differently styled miter cap. Apparently fewer 1850 coins were issued than 1849 pieces, and they are scarcer today in all grades. Those that have survived tend to show extensive wear. The minters were ordered to alloy the 1850 issue with silver in order to bring up their value relative to the 1849 issue, but this effort failed, and the vast majority of these underweight coins were melted by assayers in the 1850s. Those that survived are of the utmost rarity today. This is a pleasing, well balanced representative with characteristic green-gold color. The obverse is especially choice and an ancient scratch across the first three digits of the date is of minimal distraction for this important Territorial issue.(#10265) (PCGS# 10265)

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