Lot 2104
1861 Clark, Gruber & Co. (Denver, Colorado) $2.50 Gold. NGC graded AU-58. A trifle softly struck up in the centers as made with smooth matte like surfaces throughout. An attractive specimen free from rim bruises and serious scratches worthy of note. Struck in what was known as the Jefferson Territory (Colorado) in very limited quantities. Experts quote the mintage at about 6,920, but as with other Pioneer gold coins, many saw extensive circulation and many were melted and turned into federal gold coinage. On April 16, 1863 the federal government purchased the Clark-Gruber & Co. firm with all of its equipment which eventually became the Denver mint. NGC reports 8 in this grade with 1 in MS-60, 3 in MS-61, 6 in MS-62, 1 in MS-63 and 1 in MS-64. One can be certain these figures represent some duplication.
Estimated Value $6,500 - 7,000.
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| Realized $10,925 |
