Lot 1083
1840-D $5 Liberty. Tall D. NGC graded MS-61. Nice strike and untoned. Only 22,896 minted. Lightning-bolt bright mint luster for the grade and its rich, variegated yellowish green color which is a hallmark of early D and C mint issues. Excellent surfaces from top to bottom. Pop 3; 3 in 62, 1 in 63.
It should be understood that the color of the Dahlonega gold coins was more a function of the minting methodology employed at the facility, than of the raw material from which they were produced. In fact, the Dahlonega Mint produced gold coins from a variety of gold sources: naturally-occurring gold (from Georgia, as well as other states), foreign gold coins, gold bullion, scrap gold, etc. The Dahlonega Mint even produced coins from gold that was brought in from great distances. For example, the this facility actually coined a great deal of California gold from 1851-1854, which was brought back by local miners returning from the California gold fields. Thus, there is no foolproof way to know whether or not a particular Dahlonega gold coin was produced from locally mined metal.
There is historical evidence, as well as modern scientific evidence, that the gold coins produced at Dahlonega had a high silver concentration (when compared with gold coins produced at the parent mint in Philadelphia) (PCGS # 8198) .
Estimated Value $11,000 - 13,000.
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| Realized $12,075 |
