Lot 2253
1860 Mormon $5 Gold NGC graded AU Details. Reverse damage. Nice golden toning. The popular beehive on the reverse. Mostly vivid gold to green-gold hues, the surfaces are lightly abraded. Both sides are uncommonly sharp in strike with really no ill-defined features. There are scattered abrasions here and there, most of which are small in size and not singularly conspicuous, plus the aforementioned reverse damage at 12 o’clock affecting some of the lettering and rim dentils. Of course, a few moderate distractions are to be expected, particularly in the field. All-in-all, however, this is a pleasing Utah Territorial gold coin for the grade level.
The final issue from the Deseret Assay Office, the 1860 Five Dollar was struck between February 28, 1861 and March 9, 1861 from 1860-dated dies. The gold for this issue came from Colorado mines. Like earlier Mormon gold issues, the 1860 Five was popular in and around the Salt Lake Valley, but it proved a failure in circulation among the "Gentiles." Most examples that left Mormon territory were likely melted with the result that this is issue is seldom offered in any grade in even the largest auctions. Mint State coins are especially rare (PCGS # 10268) .
Estimated Value $10,000 - 12,000.
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| Realized $17,825 |
