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February 27, 2015

COIN OF THE WEEK

VERY RARE 1849 MORMON GOLD $5 NGC AU53 - $34,950.00
Click on Coin Image to enlarge


LOVELY EXAMPLE OF VERY RARE PIONEER GOLD. The piece, usually found in lower condition, has a few signs of circulation, in keeping with the grade but none so distracting to merit individual description. The strike shows unusually strong borders as well as the typical weakness on the clasped hands, the eye, and on the numeral 8 in the date.

In 1861, Governor Alfred Cumming, a Democrat appointed by President James Buchanan to replace Brigham Young, prohibited the use of Mormon gold despite the fact that the 1850 five dollar piece is reported to have net weight of one-third gram more gold than the Federal coinage of the time. Cumming served at the governor of the Territory of Utah from 1858 to 1861.The 1849 five dollar piece has an estimated mintage of 5,340; however, this figure is largely irrelevant since most of the Mormon coins that went to California were melted in 1851 and 1852; surviving pieces are rare.

 

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

The obverse of this 1849 Mormon Half Eagle shows a crude, three pointed Phrygian Crown, which was the emblem of Mormon priesthood above the All-Seeing Eye. The inscription is HOLINESS TO THE LORD with the words separated by dots. The reverse has clasped hands as the central device with the date below it. The reverse inscription consists of the letters G.S L.C.P.G. with the denomination written as FIVE DOLLARS separated by dots.

One of the richest gold discoveries of during the time of the California Gold Rush was at Mormon Island, downstream from Sutter’s Mill on the American River. James Marshall and Sam Brannan were Mormon “Forty-Niners” who were involved in the actual discovery of gold. It was Sam Brannan who galloped through the streets of San Francisco shouting about the discovery.


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ADDITION NEW COINS ADDED - (Week of 2/27/2015)

1893 Isabella 25C NGC PF65 CAMEO. GEM WHITE CAMEO PROOF

1837 Seated Liberty H10C NGC MS67. SMALL DATE

1801 Draped Bust H10C NGC MS61

1794 Flowing Hair Half 10c NGC MS62 CAC. COL. GREEN PEDIGREE

1652 Pine Tree Shilling NGC MS65. WELL PRESERVED GEM. LARGE PLANCHET

1883/2 Shield 5c PCGS MS67 CAC. CLEAR OVERDATE

1936 Buffalo 5C NGC PR68 TYPE 2. GEM SATIN PROOF

1929-D Buffalo 5C NGC MS67 Type 2. A FLASHY GEM

1927-S Buffalo 5C NGC MS66*, Type 2. *QUALITY

1927-S Buffalo 5C NGC MS65, Type 2. GEM FULL STRIKE

1918/7-D Buffalo 5C NGC VF35. WELL DEFINED OVERDATE

1903 LA Purchase McKinley Gold $1 PCGS MS67

1904 Lewis & Clark Gold $1 PCGS MS66

1905 Gold $1 Lewis & Clark PCGS MS65. LEWIS AND CLARK

1878 $3 PCGS MS66. GEM SATIN LUSTER.

1855-C $5 PCGS MS61. VERY RARE IN THIS GRADE

1879 $5 Liberty PCGS MS64

1877-S $5 Liberty PCGS AU58. VERY SCARCE DATE

 

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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