1850 $5 Mormon MS (PCGS#10265)
The May 2013 ANA National Money Show
- 拍卖行
- Stack's Bowers
- 批号
- 1226
- 等级
- AU53
- 价格
- 217,954
- 详细说明
- 1850 Mormon $5 Gold. K-5. Rarity-5+. AU-53 (PCGS). The olive-gold surfaces of this rare prize exhibit warm orange toing in the protected areas of the design. The clasped hands on the obverse show plenty of finger detail, while the reverse bishop's mitre and the all-seeing eye are also sharp for the lightly circulated grade. No marks of any nature assail the unaided eye, and low magnification fails to yield anything other than a few trivial marks. Indeed, we consider this specimen to be choice and have no reservations in doing so. <br />
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While these coins circulated widely within the captive audience of the Deseret settlers, the Mormon gold coins were soundly damned by all other regions owing to their stated values being significantly higher than their actual gold content. This may have been fine with the followers of Brigham Young, but these same coins were discounted, sometimes as much as 20 percent <em>or more,</em> by merchants outside the reach of the Church of Latter Day Saints. Those that weren't discounted were usually melted, with the end result that only a small proportion of the pieces struck -- Breen (<em>Encyclopedia, </em>1988) suggests that just 3,560 1850 Mormon $5s were produced -- exist for today's collectors. The last example of this rarity we handled was an AU-55 NGC-certified specimen that we (Stack's) offered in November 2010, lot 4710, a coin that realized $35,650 when the bidding dust settled. We suspect the present AU-53 PCGS-certified example will perform as well as that piece when the final bids are tallied.
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