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

    Description

    1849 Oregon Exchange Company Five Dollar
    High-Grade AU53 Example of K-1

    1849 $5 Oregon Exchange Co. Five Dollar AU53 PCGS. K-1, R.5. The identity of "N. G. & N." (Norris, Gregg & Norris) was a numismatic mystery for a number of years, and an even more confusing array of initials appears on the obverse of the Oregon Exchange Company five dollar gold pieces. Above the beaver (a favorite device for Oregon area private issues, as seen on the North West Company token) are the initials "K.M.T.A.W.R.G.S." and below it are "T.O." Each acronym has its own importance -- and its own mistake.
    In the case of the eight-letter acronym, each letter stands for a prominent businessmen of Oregon City, Oregon Territory, who was a founder of the Oregon Exchange Company, issuer of the pieces. The founders are, in order, Kilborn, Magruder, Taylor, Abernathy, Wilson, Rector, Campbell, and Smith; a "G" was used in place of the "C" for Campbell. The "T.O." should have read "O.T." for Oregon Territory as well. Both errors were corrected on the ten dollar Oregon Exchange Company dies, created later.
    Unlike other private/territorial issues, the Oregon Exchange Company pieces were not alloyed to a particular standard (see Kagin's Private Gold Coins and Patterns of the United States) but left as the "NATIVE GOLD" seen on the reverse of the five dollar pieces. This example was struck from yellow-gold with a slight orange cast. Both sides show a number of light abrasions and occasional pinscratches, though the protected areas show traces of reflective luster, thus accounting for the AU53 designation. Listed on page 388 of the 2013 Guide Book. Population: 1 in 53, 3 finer (6/12). (NGC ID# ANJV, PCGS# 10288)


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

    Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    August, 2012
    2nd-5th Thursday-Sunday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 1,682

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    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

    Learn about consigning with us

    HA is a world class organization that will continue to get my business as a collector, history buff, and numismatist. Jerod did a great job of continuing the negociation to conclusion.
    Phillip Poe,
    Saratosa, FL
    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 April 26 - 30 CSNS US Coins Signature Auction - Chicago
    2017 April 26 - 30 CSNS US Coins Signature Auction - Chicago
    REALIZED $22,615,570
    2017 April 7 - 10 CCE World Coins & Ancient Coins Signature Auction - Chicago
    2017 April 7 - 10 CCE World Coins & Ancient Coins Signature Auction - Chicago
    REALIZED $6,332,658
    2017 April 28 - May 1 CSNS World Currency Signature Auction - Chicago
    2017 April 28 - May 1 CSNS World Currency Signature Auction - Chicago
    REALIZED $1,009,870