Description

    C. Bechtler Five Dollar, Colons Obverse, MS61
    K-21, A Very Rare Bechtler Issue

    (1837-42) $5 C. Bechtler Five Dollar, Colons Obverse MS61 NGC. K-21, High R.7. This extreme rarity among Bechtler coinage is characterized by the placement of a colon between the G in GEORGIA and 22, and after 128 G in the center of the obverse. This device must have been discovered early in the production run and altered with the grammatically correct periods, as very few fives are known with the colons. When Don Kagin published his reference on territorial gold in 1981 he considered the Colons Obverse an R.8. Since that time very few examples have surfaced, but enough to drop the rarity to a more realistic High R.7 (4-6 known).
    This rare Bechtler five dollar is set within the larger series of Bechtler gold. Few collectors have attempted a set of these pieces, the only one we can think of in recent years being James Gray. Bechtler gold coins followed the brief issuance of Templeton Reid coins. Both were produced in response to the need for coinage from America's first gold rush in northern Georgia. The privately minted gold coins were preferred to the widely mistrusted private bank or company scrip. But opinion about Bechtler gold was sharply divided between official U.S. government positions and those of the general populace who used them. In 1841 Mint Director Robert M. Patterson pointed out that the coins were intrinsically worth less than their face value. Eckfeldt and DuBois bolstered this in 1851, but their assays stated that the five dollar coins were only deficient in value by one and a half percent. To the public in north Georgia and South Carolina this was close enough. Bechtler coinage was accepted at par and continued to circulate for at least 20 years after production ceased.
    This is the only Colons variety certified in mint condition by either of the major services. The surfaces are bright overall. There are numerous small abrasions scattered over each side, but the only marks that are possible pedigree identifiers are a vertical planchet void above the 8 on the obverse, and a shallow, angling mark to the left of the 5 on the reverse. For the Bechtler specialist this is a rare opportunity to acquire this infrequently encountered variety. (NGC ID# 2B9U, PCGS# 10106)


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2011
    5th-9th Wednesday-Sunday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 2,443

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $14) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    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 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 24 days left to consign to the 2018 February 21 - 26 LB Expo US Coins Signature Auction - Long Beach!

    Learn about consigning with us

    Thank you for your support and counsel during the process and I continue to be impressed by the skill and expertise of the Heritage Auction staff, as well as the clever web site.
    Bruce S.,
    Maplewood, NJ
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 December 7 - 10 US Coins Signature Auction - Dallas
    2017 December 7 - 10 US Coins Signature Auction - Dallas
    REALIZED $6,852,289
    2017 December 7 - 8 HKINF World Coins & Ancient Coins Signature Auction - Hong Kong
    2017 December 7 - 8 HKINF World Coins & Ancient Coins Signature Auction - Hong Kong
    REALIZED SO FAR $4,478,782
    2017 December 6 - 8 HKINF World Currency Signature Auction - Hong Kong
    2017 December 6 - 8 HKINF World Currency Signature Auction - Hong Kong
    REALIZED SO FAR $1,017,763