LOT #4521 |
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1849 $5 Norris, Greg, & Norris Five Dollar, Reeded Edge, MS61 NGC. K-3, R.6....
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Sold on Jan 14, 2022 for:
$28,800.00
Bid Source: HA.com/Live bidder
Description
1849 Norris, Gregg & Norris K-3 Half Eagle, MS61
Reeded Edge, No Period After ALLOY
1849 $5 Norris, Greg, & Norris Five Dollar, Reeded Edge, MS61
NGC. K-3, R.6. It is frequently stated that the gold
prospectors were not the ones that got rich during the California
Gold Rush, although there were certainly many fortunes made, and
many likely lost. However, those who made the biggest fortunes were
not directly involved in mining activities, but rather, in
activities supporting the miners, such as hardware merchants,
dentists, doctors, banking firms, and gold coining concerns.Norris, Gregg & Norris is considered the first gold coining concerns, whose five dollar gold pieces were described in a May 31, 1849 newspaper account of the coins that were struck in Benicia City, California, despite San Francisco in their legend. Although mentioned in the 1849 newspaper account, the actual name of the firm was in doubt until 1902 when the Augustus Humbert collection came to auction.
Today, we know that the partners were Thomas Norris, Charles Gregg, and Hiram Norris. Hiram Ariel Norris was born in Waterville, Maine about 1806. He returned to New York in the early 1850s and passed away on August 12, 1853. Hiram's brother, Thomas H. Norris was born about 1808, and died at Brooklyn, New York on December 19, 1895. The 1865 New York Census reports that Charles Gregg, a machinist, resided in Brooklyn. He is probably the Charles Gregg of the coining firm, although that is not proven. This individual was born in New Hampshire and was 55 years old. The same individual appears in the 1850 Federal Census as an engraver residing in Brooklyn.
This pleasing Mint State piece is the variety that lacks a period after ALLOY, and has a reeded edge. The surfaces are bright greenish yellow-gold with scattered, grade-consistent marks. The strike is sharp and the overall presentation is pleasing. Census: 9 in 61, 1 finer (11/21).
Coin Index Numbers: (NGC ID# ANJE, PCGS# 10282, Greysheet# 11857)
Auction Info
2022 January 12 - 16 FUN US Coins Signature® Auction - Orlando FUN #1341 (go to Auction Home page)
Auction Dates
January, 2022
12th-16th
Wednesday-Sunday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 401
Buyer's Premium per Lot:
20% of the successful bid per lot.
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