LOT #3227 |
Current Bid: $575
1849 $5 Mormon Five Dollar AU50 NGC. K-2, R.4....
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Description
1849 Mormon Five Dollar, AU50
Conditionally Scarce K-2 Representative
1849 $5 Mormon Five Dollar AU50 NGC. K-2, R.4. Although a
few rudimentary Mormon ten dollar gold pieces were made from
unalloyed gold dust in December, 1848, the first real mintage of
Mormon coinage was at the Deseret Mint in December, 1849.
Transplanted silversmith and future die-maker James Madison Barlow
is quoted by Mormon Church Historian Orson F. Whitney:"The first dies, consisting of a $2.50, and $5 and a $20 piece, were made by John Kay and an old blacksmith, but were very crude." (Barlow would later make new dies for five dollar Mormon gold pieces dated 1860.)
This example is from the 1849 production using John Kay's dies. The same Clasped Hands and All-Seeing Eye were used from the 1848 design, adapted to the five dollar denomination. The coin is weakly struck in places, and all such pieces show premature wear due to their naturally alloyed green-gold content. A planchet defect is seen at 12 o'clock on the obverse, carrying over to near 6 o'clock on the reverse -- typical of the mint's work in those early days. The 1849 Mormon five is seldom seen above VF to XF conditions. All were struck from the Kagin-2 dies, listed on page 402 of the 2026 Guide Book.
Ex: Dallas Signature (Heritage, 3/2019), lot 3434.
Coin Index Numbers: (NGC ID# 6J6V, PCGS# 10262, Greysheet# 11822)
Auction Info
2025 October 2 - 5 GACC US Coins Signature® Auction #1386 (go to Auction Home page)
Proxy Bidding Ends
October
2nd
Thursday
12:50 pm CT
Auction Dates
October
2nd-5th
Thursday-Sunday
Proxy Bidding Time Remaining
15 Days
9h 45m 44s
Bids + Registered Phone Bidders: 13
Lot Tracking Activity: 32
Page Views: 105
Buyer's Premium per Lot:
20% of the successful bid (minimum $29) per lot.
This lot is in: 1 -
Signature® Premier Floor Session - PREMIER (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
(Lots 3001-3238) - 1:00 PM Central Time, Thursday, October 2, 2025.
[Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live now starts within 2 hours of when the auction opens for proxy bidding and continues through the live session.]
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Additional Location Info:
Heritage Auctions
2801 W. Airport Freeway
Dallas, TX 75261
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