1861 $5 Clark, Gruber & Co. Five Dollar AU58 PCGS. K-6, R.4....

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1861 Clark, Gruber Five, Kagin-6, AU58
Well-Preserved Colorado Gold Rush Issue

1861 $5 Clark, Gruber & Co. Five Dollar AU58 PCGS. K-6, R.4. The Colorado Gold Rush centered around the Pikes Peak area near what is now Colorado Springs, Colorado. Clark, Gruber & Co. headquartered in the Denver area, where the partners started a banking business that included a private mint to convert gold dust into coin. Operations started in 1860. The firm's policy was stated as follows:

"The native gold is coined as it is found, alloyed with silver. The weight will be greater, but the value the same as the United States coin of like denominations."

The 1860 coinage wore down quickly in its native state, but by 1861 Clark, Gruber & Co. had improved the alloy process and its coins were less subject to circulation wear. This 1861 five dollar gold piece is in near-Mint condition with a bold strike throughout both sides and strong rims, dentils, and reeding. Faint orange accents accompany brassy-gold color for excellent eye appeal. Much luster remains. Only tiny, scattered marks are seen under magnification. Listed on page 417 of the 2023 Guide Book. Population: 8 in 58 (1 in 58+), 5 finer (3/23).

Coin Index Numbers: (NGC ID# 6HVG, PCGS# 10140, Greysheet# 11743)

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