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Lot
5386

1850 $5 Mormon Five Dollar XF40 PCGS. K-5, High R.5. The 1850 Mormon Half Eagle differs primarily from the 1849 issue as it...

2005 September Long Beach Signature Auction #384

 
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Auction Ended On: Sep 23, 2005
Item Activity: 8 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Rare 1850 Mormon Half Eagle, XF40 PCGS
1850 $5 Mormon Five Dollar XF40 PCGS. 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 lovely example that has pleasing surfaces and soft greenish-gold patina over each side. Evenly worn, a bit of softness is seen at the bottom of the miter's cap (as always), at 1 o'clock on the obverse, and the clasped hands are somewhat indistinct on the reverse (another typical striking feature of this issue). The only distinguishing marks are a couple of surface gouges between the LI and above the ES of HOLINESS. Some luster is still apparent surrounding the devices. Obviously an original coin with untampered surfaces, and as such very rare. Somewhat scarcer than the 1849 issue.(#10265) (PCGS# 10265)

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