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Lot
1975

1860 $5 Clark, Gruber & Co. Five Dollar AU50 PCGS. K-2, R.4....

2010 June Long Beach, CA Signature US Coin Auction #1140

 
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Auction Ended On: Jun 4, 2010
Item Activity: 10 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Attractive 1860 Clark, Gruber Half Eagle
K-2, AU50
1860 $5 Clark, Gruber & Co. Five Dollar AU50 PCGS. K-2, R.4. The firm of Clark, Gruber at first shipped their increasing amounts of gold dust to the Philadelphia Mint for coinage, an expensive approach that was fraught with problems. The firm's principals finally constructed their own mint in Denver, which was completed in early July 1860. Producing four denominations from quarter eagles through double eagles, the mint made each denomination in both 1860 and 1861, all evidently of full weight and well-respected in the region around Denver City. The 1860 five dollar pieces are similar to the 1860 quarter eagles in that they read CLARK & CO. on Liberty's coronet, with the addition of a period under CO. Also like the 1860 quarter eagles, they are often found weakly struck through the centers, as here. This piece offers lots of luster remaining over golden-yellow surfaces. A couple of small scrapes appear on Liberty's cheek, and on the reverse there is a planchet void, as made, behind OLD. An attractive example despite some minor drawbacks, listed on page 377 of the 2010 Guide Book. Population: 15 in 50, 64 finer (5/10). (PCGS# 10136)

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