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    Description

    1861 Clark, Gruber & Co. Quarter Eagle, MS61
    Popular Colorado Gold Issue, K-5

    1861 $2 1/2 Clark, Gruber & Co. Quarter Eagle MS61 NGC. K-5, R.4. Clark, Gruber & Co. was easily the soundest and most respected financial organization in Colorado's early gold rush years. Already well established as a commodities merchant and outfitter for the local populace and prospective miners from their base near Fort Leavenworth, Kansas, the company was well-positioned to establish a successful banking business in Kansas and later expand to Denver in 1859. Their private coining business was needed to avoid the costly, time-consuming, and dangerous transport of gold dust to the Philadelphia Mint.

    In 1860 and 1861, the company's coinage operations in Denver operated 24 hours a day. In 1861, the firm's coinage was declared "to be of professed value, or slightly higher" by a Philadelphia Mint assay report. In 1863, the U.S. Government purchased Clark, Gruber's coinage operations, building, and equipment, a precursor to the Denver Mint. This Mint State quarter eagle represents one of Clark, Gruber's later issues. The well-struck greenish-gold surfaces show few marks and faint, light hairlines. Census: 13 in 61, 14 finer (10/19). (NGC ID# ANJY, PCGS# 10139)


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

    Auction Info

    Auction Dates
    December, 2019
    5th-7th Thursday-Saturday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
    Page Views: 150

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