Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 


Choice AU 1860 Mormon Five Dollar

1860 $5 Mormon Five Dollar AU55 PCGS. K-6, High R.5. Although the earlier (1849-1850) Mormon gold coinage, produced from California gold dust, was soon discredited as being considerably underweight by as much as 20%, the Mormons attempted a later coinage that was made from gold mined in Colorado. According to Donald Kagin's Private Gold Coins and Patterns of the United States: "The last attempt at Mormon gold coinage was the striking of a $5 denomination dated 1860 and bearing on the obverse a lion and the newly invented Deseret alphabet, which was the basis of a proposed language peculiar to the Mormons. The reverse displayed an eagle and beehive under the words DESERET ASSAY OFFICE PURE GOLD. Besides being of a superior design, these new specimens were the first known use of the Deseret alphabet. "The occasion for the issuance of these pieces was the discovery of gold in Colorado in 1858. The gold dust used for the new coins was from the Colorado mines, purer than the California gold--.917 fine vs. .890 fine." Although the 1860 coins apparently circulated at par among the Mormon pioneers, the earlier debacle with underweight gold coinage--and perhaps the widespread distrust and misunderstanding with which many outsiders greeted the Mormons themselves--meant that the coins were accepted at a discount elsewhere, of 10% to 25%. Coinage of the coins continued until non-Mormon Colorado Governor Alfred Cumming prohibited further manufacture. Kagin says that the Mormon gold 1860 pieces were struck between February 28 and March 9, 1861, to the extent of 472 coins. On this variety PURE GOLD is on the right reverse border. A copper die trial (K-8, R.7) is also known that has PURE GOLD on the left reverse border. The present gold example offers partly lustrous greenish-yellow surfaces that show just a few stray abrasions, including a faint thin obverse graze near 1 o'clock.
The strike is sharp, and highpoint wear is minimal. Listed on page 365 of the 2008 Guide Book. Population: 12 in 55, 5 finer (11/07).
Ex: Milwaukee ANA Signature (Heritage, 8/07), lot 2158, which realized $74,750.
From The Madison Collection.
(NGC ID# 2BCG, PCGS# 10268)

View all of [The Madison Collection ]

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

Glossary of Terms

Auction Info

Auction Dates
January, 2008
Internet/Mail/Phone Bidders: 8
Members Tracking: N/A
Page Views: 3,248

Buyer's Premium per Lot:
15% of the successful bid (minimum $9) per lot.

Heritage membership

sold in the last year

Join Now - It's Free

  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

Consignments wanted

Only 38 days left to consign to the 2015 December 10 - 12 World Coins Signature Auction - Hong Kong!

Learn about consigning with us

As you know we have other paintings and antiques, of which, when the time is right I will contact you, I will not even consider doing business with another company.
From the Consignor,
View More Testimonials receives more traffic than any other auction house website. To compare for yourself, visit:

Video tutorial

Getting the most out of search

Recent auctions

2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
REALIZED $34,801,934
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
REALIZED $9,764,476
2015 August 13 ANA Currency Platinum Night Auction - Chicago
2015 August 13 ANA Currency Platinum Night Auction - Chicago
REALIZED $1,870,380

© 2015 Heritage Auctions | All Rights Reserved