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
3451

1860 $5 Mormon Five Dollar AU55 PCGS....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jan 10, 2008
Item Activity: 8 Internet/mail/phone bidders
3,040 page views
Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
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.
(PCGS# 10268)

View all of [The Madison 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
881,652
bidder-members
$974,717,146
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 NYINC World Coins & Ancient Coins Signature Auction - Waldorf NYINC.
Learn About Consigning With Us
Your overall service is very good. The quality of the catalogs for major sales are superior and very accurately described.
M.F. ,
Elmwood Park, IL
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 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
REALIZED $36,100,139
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
REALIZED $10,501,015
2014 August 6 ANA Currency Platinum Night Auction - Chicago
2014 August 6 ANA Currency Platinum Night Auction - Chicago
REALIZED $2,960,604