Lot 1992
1849 Norris, Gregg & Norris (San Francisco) $5 Gold. Plain edge. PCGS graded MS-62. One of the finest graded of this rare and desirable issue, PCGS notes only 2 have been graded this high, with a single coin graded higher as MS-63. As to the strike, it is full and sharp, with the bold 5 on the shield easily visible, and the feathers full and complete on the eagle. Moderate handling marks on the somewhat prooflike surfaces, as expected for the grade. It is believed that Norris, Gregg & Norris was the first firm to issue gold coins in California in 1849. The coin states that is was made without alloy, hence was pure gold, and no doubt very soft as is pure golds nature. We can only suspect that this one was set aside soon after it was struck, or perhaps lost and recovered many years later, and thus remains in mint state condition. Certainly a premier rarity in this grade (and any grade for that matter!) and worthy of the finest Territorial gold collection.
Estimated Value $20,000-UP.
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| Realized $27,600 |
