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Lot
10452

1861 $20 Clark, Gruber & Co. Twenty Dollar AU50 Details, Rim Filed, NCS. K-8, R.5. A boldly struck coin that shows very lit...

2005 July San Francisco, CA (ANA) Signature Auction #382

 
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Auction Ended On: Jul 28, 2005
Item Activity: 4 Internet/mail/phone bidders
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Location: San Francisco, CA
Description:
Popular 1861 Clark-Gruber Double Eagle
1861 $20 Clark, Gruber & Co. Twenty Dollar AU50 Details, Rim Filed, NCS. K-8, R.5. A boldly struck coin that shows very little wear and excellent surfaces. It is difficult to tell just where the rim was filed in the holder. Identifiable by a very minor nick on Liberty's chin, just below her mouth. Both the obverse and reverse die show minor clashing. Examination will note some minor surface lines but traces of luster reside in the protected areas. Rich orange-gold in color and appealing.
After the trouble seen in California, these Colorado minters were very careful to make sure their coins were not debased in any way, and in fact made the planchets contain about one percent of additional gold so they would not be accused of dishonesty or debasement. Coinage continued into 1862 using the 1861 dies, but pressure came from Washington to stop the private coinage, and soon whatever gold dust came into their offices was turned into gold bars, all of which seem to have been shipped off for coining by other world mints as none are known to survive.
Dies for this issue were very similar to the Federal design double eagles of the period. Philadelphia jeweler Bailey & Company prepared the dies for this issue. Specific characteristics include a boldly repunched N in TWENTY and a blundered V in DENVER, punched over a previous N. Listed on page 310 of the 2005 Guide Book.
From The Great Western Collection of Territorial Gold.(#10142) (PCGS# 10142)

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