Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live!

Our Weekly Internet Coin Auctions and World and Ancient Coin Auctions are closing with live, online auctions on's Heritage Live! platform beginning with the Internet Coin Auction that ends Sunday, September 21st and the World and Ancient Coin Auction that ends on Thursday, September 25th. Each lot is offered one at a time, in lot number order, in live auctions beginning at 8:00 PM CT. During this part of the auction, live bidders will be on Heritage Live! competing with each other and with previously placed Internet bids. The lot opens, requests live bids, and then closes when the bidding is finished. There is no change in how you place your secret maximum bids during the week the auctions are open on In addition, once bidding on ends, 2 hours before the live sessions start, you still have the option to leave proxy bids through Heritage Live!

For more information about Heritage Live!, please visit If you have any questions about this exciting format change, please contact us at 800-872-6467 or

There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)


1850 $5 Mormon Five Dollar MS61 NGC....

2009 February Long Beach, CA Signature US Coin Auction #1122

Sold for: Sign-in or Join (free & quick)
Make Offer:
Make Offer to Owner

The owner of this Item has been actively participating in the Make Offer to Owner program.
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Feb 6, 2009
Item Activity: 5 Internet/mail/phone bidders
7,596 page views

Long Beach, CA

Important 1850 Mormon Five, K-5, MS61
One of the Finest Extant
1850 $5 Mormon Five Dollar MS61 NGC. K-5, High R.5. Those familiar with the history of Mormon Territorial gold pieces immediately recognize the significance of any Mint State survivor, regardless of the date or denomination. In fact, it is believed that fewer than 30 Uncirculated specimens exist from the six different issues minted between 1849 and 1860. While there are several factors contributing to the condition rarity of gold coinage issued by the Mormon Church in the State of Deseret--which later became the Utah Territory--the most significant cause was the substandard weight and fineness of the coins. Jacob Eckfeldt and William DuBois provide a contemporary account of the Mormon gold issues in the third edition of their New Varieties of Gold and Silver Coins published in 1852:

"The Mormon coinage, although executed in the Territory of Utah, is without impropriety classed amongst California coins, on account of neighborhood, and the source whence the material is derived. These are the four denominations of twenty, ten, five, and two and a half dollars. Although there is much irregularity both in weight and fineness, the denominations are tolerably in proportion to each other. A parcel made up of all sizes, and counting $562.50, yielded at the mint $479.20; say $8.52 to the ten dollar piece. The fineness was .886."

Eckfeldt and DuBois' 1852 account was more charitable than their opinion of Mormon gold coinage written two years earlier, when they stated that "the weights are more irregular and the values very deficient." In fact, the Mormon issues had the lowest values of any California Territorial coins tested by the Mint at the time of their publication. Nationwide, newspapers printed warnings regarding the inferior Mormon gold coins and, as a direct result, the pieces traded at discounts ranging from 10% to 25% of their face value (Kagin, 1981). It is for this reason that most of the Utah Territorial gold pieces were melted during the ensuing years.
It is believed that less than 100 1850 Mormon half eagles have survived to this day, and most of those examples are well circulated or otherwise impaired. As of (1/09), NGC has certified only three examples at the MS61 level, although it is possible that this number includes a resubmission of the same coin. The combined NGC and PCGS population of Mint State 1850 Mormon fives is a mere five pieces, with none grading finer than MS61 at either service. Again, this issue is a condition rarity. Since we began maintaining our online auction archives in the early 1990s, the finest 1850 Mormon half eagle to cross the Heritage auction block graded AU58. In fact, during the same period, we have sold only one Mint State Mormon Territorial gold piece at auction--an 1849 quarter eagle grading MS62.
The current offering represents a remarkable opportunity for the connoisseur of Territorial gold coinage, or rare coins in general. This is an incredibly well-preserved example. The devices are sharply defined on each side, quite an unusual attribute for this type. The coin has a pronounced accent of reddish patina, undoubtedly from the higher alloy of copper. Listed on page 374 of the 2009 Guide Book. (PCGS# 10265)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
or Join (free & quick)
Price Guide
or Join (free & quick)
Population Guide
or Join (free & quick)
Find Auction Prices for Comparable Items:

Sign-in or Join (free & quick) to see the full image

Open For Bidding
Coming Soon
sold in the last year
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
Consign to the 2015 January 4 - 5 NYINC World Coins & Ancient Coins Signature Auction - Waldorf NYINC.
Learn About Consigning With Us
In 37 years of collecting, this was the most thorough and secure packing I've ever seen. I truly appreciate their diligence and attention to detail.
Brian Krapf,
Savannah, GA receives more traffic than any other auction house website. To compare for yourself, visit:
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $13,398,253
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED SO FAR $9,119,480
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,847,114