LOT #2355 |
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1849 $2 1/2 Mormon Quarter Eagle AU50 PCGS....
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Sold on Jan 7, 2010 for:
$40,250.00
Bid Source: Live: Phone bidder
Description
Rare 1849 Mormon Quarter Eagle, AU50
K-1
1849 $2 1/2 Mormon Quarter Eagle AU50 PCGS. K-1, High R.5.
Struck from gold dust collected along the American River in
California, soon after the Gold Rush began in 1848-49. Although
coined from the native California gold, additional alloys were
added which brought the fineness below the stated value on the
coins. Repudiation by bankers followed, and few merchants accepted
these pieces outside the Mormon Church. The vast majority of the
issue was eventually melted. A full set of 1849 Mormon Gold was
offered in The Dr. George Alfred Lawrence Collection (Thomas Elder,
6/1929), with the quarter eagle as lot 1374, "1849. $2 1/2. Same
type as preceding only value. TWO. AND. HALF. DO. Near fine.
(Ellsworth Coll'n) VR. Plate."The present coin features bright, even yellow-gold color, and the minutely grainy surfaces exhibit only small, individually indistinguishable marks. The obverse die is buckled through the lower portion of the all seeing eye, which weakens that area, and is diagnostic for this issue. Population: 5 in 50, 11 finer (11/09).
Coin Index Numbers: (NGC ID# 2BCD, PCGS# 10259, GSID# 11818)
Auction Info
2010 January Orlando, FL FUN US Coin Auction #1136 (go to Auction Home page)
Auction Dates
January, 2010
6th-10th
Wednesday-Sunday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 1,271
Buyer's Premium per Lot:
15% of the successful bid per lot.
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