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)

Lot
5948

1860 $5 Clark, Gruber & Co. Five Dollar MS64 PCGS. CAC. K-2, R.4....

2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Aug 9, 2013
Item Activity: 8 Internet/mail/phone bidders
489 page views
Location: Hyatt Rosemont
6350 N. River Road
Rosemont, IL
60018
Description:

1860 Clark, Gruber Five Dollar, K-2, MS64
Only Two Finer at PCGS
1860 $5 Clark, Gruber & Co. Five Dollar MS64 PCGS. CAC. K-2, R.4. In order to help finance the heavy expenses for pursuing the long, protracted Civil War -- which was not the easy, short victory it was assumed to be at the war's outset in April 1861 -- by December of that same year, some Eastern banks had suspended specie payments. In other words, they discontinued paying out gold coins at par with paper money. By December 30, the suspension was essentially universal.

The American populace reacted with the typical mixture of fear and greed. Gold coins disappeared from circulation, followed by silver coins which were hoarded, then even copper coinage vanished from commerce by summer 1862. Even though Clark, Gruber struck more than a half-million dollars' worth of gold coinage in Colorado, there, too, the favored gold coinage was supplemented by paper currency from various private issuers (including Clark, Gruber), unassayed gold dust (a continuing source of aggravation to local merchants and consumers, and the reason for the inflow of private coiners such as Clark, Gruber in the first place). Also in circulation during the Civil War were the filthy "shinplasters" or fractional currency notes, along with encased postage stamps, Civil War store cards and merchant tokens -- private tokens issued by merchants and backed, ideally, by their putative face value in goods at the merchants' place of business.

The 1860 half eagles of Clark, Gruber resemble the Liberty Head federal coinage of the same period, but Liberty's headband reads CLARK & CO. on the obverse, and the reverse periphery PIKE'S PEAK GOLD DENVER / FIVE D. This near-Gem example is among the few finest survivors, one of two in this grade at PCGS with two finer (6/13). This piece is highly lustrous, alternating green-gold and orange-gold with a sharp strike and only a few minor contact marks amid bold eye appeal. A great coin for collectors of Territorial gold. Listed on page 394 of the 2014 Guide Book.
Ex: Madison Collection / FUN Signature (Heritage, 1/2008), lot 3436.
From The Warsaw Collection. (PCGS# 10136)

View all of [The Warsaw Collection ]
View large image(s) of this item

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

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

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

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




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
878,191
bidder-members
$959,427,295
sold in the last year
VIEW BENEFITS
  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
    winnings 
CONSIGNMENTS WANTED
Consign to the 2015 January 4 - 5 World & Ancient Coins Signature Auction - New York.
Learn About Consigning With Us
I must say that you exceeded my expectation.
R.Z. ,
Hypoluxo, FL
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 July 10 - 13 Summer FUN US Coins Signature Auction - Orlando
2014 July 10 - 13 Summer FUN US Coins Signature Auction - Orlando
REALIZED $9,733,594
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
REALIZED $14,773,379
2014 April 24 & 28  CSNS World Currency Signature Auction - Chicago
2014 April 24 & 28 CSNS World Currency Signature Auction - Chicago
REALIZED $2,708,143