Skip to main content
Go to accessibility notice

    Description

    Richly Patinated 1850 Mormon Five, AU58

    1850 $5 Mormon Five Dollar AU58 NGC. The Mormons benefited from the California Gold Rush in two ways, both as a supplier and outfitter for prospectors and from gold found in the American River region of California and brought back to Utah. One of the most colorful Mormons was a renegade who left early for California named Sam Brannan. In a December 20, 2004 Coin World article, Eric von Klinger related the following story of this Mormon pioneer:
    "He reportedly emptied stores over a wide area of picks, shovels and any other kind of implement that would be useful to incoming prospectors, then sold them at high markup in his store near Sutter's Mill. He claimed spiritual leadership when other Mormons arrived and even began collecting tithes, especially among a larger group who worked "Mormon Island," a sandbar in the American River. When [Brigham] Young demanded that this money be turned over to the church, Brannan is said to have replied, "I'll give up the Lord's money when he sends me a receipt signed by the Lord, and no sooner."
    Early gold deposits in the Utah community were sparse. However, in the first half of 1849 close to $8,000 in dust and a few coins were deposited. Another, later depositor known as "Father" Rhoads, brought several sacks of gold to Utah, including one that weighed 60 pounds. This influx of California gold created the same need in Utah for uniform, reliable coinage as it had in the Golden State. The problem was, though, Mormon coinage was not uniform or reliable. This is seldom written about today, but it is abundantly evident when one looks at a copy of Gold and Silver Coins by Eckfeldt and DuBois. Their 1851 edition valued the Mormon fives at $4.25. Quite a hefty seignorage on a five dollar coin.
    The conclusion one must come to is that early Mormon coinage must have been heavily alloyed with copper or silver (or both). Examination of this coin gives ample evidence that was the case. The surfaces have a deep reddish patina that is intermixed with lime-green. The design elements show the sharper modified design that started in 1850, and there are no noticeable abrasions on either side of this high-grade and important Territorial gold piece. Listed on page 365 of the 2008 Guide Book.

    Coin Index Numbers: (NGC ID# 6J6X, PCGS# 10265)


    View Certification Details from NGC

    Auction Info

    Auction Dates
    April, 2008
    16th-18th Wednesday-Friday
    Bids + Registered Phone Bidders: 18
    Lot Tracking Activity: N/A
    Page Views: 1,235

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Sold on Apr 17, 2008 for: Sign-in or Join (free & quick)
    Track Item
    Coming soon:

    Comics & Comic Art
    Opens about 09/27/2021

    Luxury Real Estate
    Opens about 08/06/2021

    Jewelry & Timepieces
    Opens about 09/24/2021

    Photography
    Opens about 09/22/2021

    Decorative Art
    Opens about 09/23/2021

    Fine Art
    Opens about 09/28/2021

    Fine Art
    Opens about 09/29/2021

    Currency
    Opens about 10/04/2021

    Western & Texas Art
    Opens about 10/01/2021

    Sports Collectibles
    Opens about 10/01/2021

    US Coins
    Opens about 09/24/2021

    Decorative Art
    Opens about 10/07/2021

    World & Ancient Coins
    Opens about 10/04/2021

    Comics & Comic Art
    Opens about 09/30/2021

    Comics & Comic Art
    Opens about 10/11/2021

    Decorative Art
    Opens about 10/08/2021

    US Coins
    Opens about 10/01/2021

    Fine Art
    Opens about 10/13/2021

    Comics & Comic Art
    Opens about 10/07/2021

    US Coins
    Opens about 10/04/2021

    Fine Art
    Opens about 10/15/2021

    Entertainment
    Opens about 10/18/2021

    Jewelry & Timepieces
    Opens about 10/22/2021

    Manuscripts
    Opens about 10/18/2021

    Comics & Comic Art
    Opens about 10/18/2021

    Entertainment
    Opens about 10/18/2021

    Entertainment
    Opens about 10/18/2021

    Musical Instruments
    Opens about 10/12/2021

    Fine Art
    Opens about 10/19/2021

    Photography
    Opens about 10/20/2021

    US Coins
    Opens about 10/22/2021

    Decorative Art
    Opens about 10/21/2021

    Comics & Comic Art
    Opens about 10/14/2021

    US Coins
    Opens about 10/11/2021

    Space
    Opens about 10/25/2021

    World & Ancient Coins
    Opens about 10/17/2021

    Currency
    Opens about 10/18/2021

    Silver
    Opens about 10/26/2021

    Fine Art
    Opens about 10/26/2021

    Jewelry & Timepieces
    Opens about 10/18/2021

    Fine Art
    Opens about 10/27/2021

    Fine Art
    Opens about 10/27/2021

    Comics & Comic Art
    Opens about 10/29/2021

    Sports Collectibles
    Opens about 10/28/2021

    US Coins
    Opens about 10/18/2021

    US Coins
    Opens about 10/18/2021

    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 20 days left to consign to the 2021 December 11 - 13 HKINF World Coins Signature® Auction !

    Learn about consigning with us

    Really an effortless way to sell one's coins and still reap their current value.
    C.W.,
    Metairie, LA
    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