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- 1916 25C MS66 Full Head NGC. The 52,000-coin mintage of the 1916 Standing Liberty quarter was produced in the final two weeks of the year, from dies that lacked sufficient engraving on the finer elements of the design, most notably on Liberty's head, the shield rivets, and the stars on either side of the figure. (These areas were sharpened on the following 1917-dated hubs, accompanied by a few other minute design modifications.) The poorness of the engraving resulted in weak design definition on the 1916 pieces. For the connoisseur, therefore, the task is not so much in finding a "sharp" example, but rather more in finding a "not-so-weak" example. In MS66 and finer condition this is especially difficult, as the number of coins to choose from declines significantly at these levels; NGC has encapsulated only 19 pieces in MS66 Full Head, and just three MS67 coins numerically finer. This Premium Gem coin is among the better-struck representatives of the issue, showing strong head detail and well-delineated central gown folds. The obverse stars and shield rivets are all present. Original olive and pale champagne hues accent satiny luster, with the colors more prominent on the obverse. A beautifully preserved example of this classic first-year key date. Ex: Eric P. Newman Numismatic Education Society. Realized $41125.00. Description courtesy of Heritage Auctions.
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- 1916 25C MS66 Full Head NGC. The 52,000-coin mintage of the 1916 Standing Liberty quarter was produced in the final two weeks of the year, from dies that lacked sufficient engraving on the finer elements of the design, most notably on Liberty's head, the shield rivets, and the stars on either side of the figure. (These areas were sharpened on the following 1917-dated hubs, accompanied by a few other minute design modifications.) The poorness of the engraving resulted in weak design definition on the 1916 pieces. For the connoisseur, therefore, the task is not so much in finding a "sharp" example, but rather more in finding a "not-so-weak" example. In MS66 and finer condition this is especially difficult, as the number of coins to choose from declines significantly at these levels; NGC has encapsulated only 19 pieces in MS66 Full Head, and just three MS67 coins numerically finer. This Premium Gem coin is among the better-struck representatives of the issue, showing strong head detail and well-delineated central gown folds. The obverse stars and shield rivets are all present. Original olive and pale champagne hues accent satiny luster, with the colors more prominent on the obverse. A beautifully preserved example of this classic first-year key date. Ex: Eric P. Newman Numismatic Education Society. Realized $41125.00. Description courtesy of Heritage Auctions.
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- 1849 $5 Mormon Five Dollar MS61 NGC. K-2, R.5. Soldiers from the Mormon Battalion, returning home after the Mexican War, stopped in California in 1848 and were among the first to discover gold in the region. Their find at Mormon Island in the American River, just downstream from Sutter's Mill, near present-day Coloma, was among the richest deposits of ore found in the early Gold Rush era, yielding several million dollars in gold dust and nuggets. Despite their rich find, the Mormons did not succumb to gold fever, and continued homeward with their holdings, rather than lingering for the coming boom in California. Arriving in Salt Lake City by late 1848, the soldiers found the local economy was almost devoid of circulating coinage. Initially, Dr. Willard Richards, an official of the Mormon Church, weighed out the raw gold dust and issued it in paper packets containing amounts from one dollar to twenty dollars of the precious metal. This stopgap measure was soon replaced by a plan to issue real coinage sponsored by the Mormon Church. Designs were prepared by November 1848, and deposits of gold dust were accepted starting on December 10, with William T. Follett making the first deposit of 14.5 ounces, for which he received a credit for $232. According to contemporary sources, 46 ten dollar gold pieces were struck in December 1848 by John Moburn Kay, an Englishman who had been employed at his uncle's foundry in Lancashire, England before immigrating to America. This Mormon private coinage was the first in the region, predating the earliest California issues by at least five months, according to Donald Kagin. The design of the coins was formulated by Brigham Young, John Taylor, and Kay, and it is believed they were all dated 1849. Problems soon developed with the equipment, which was built by local craftsmen, and the crucibles for melting the raw gold were broken. Coinage was suspended on December 22, 1848, until new equipment could be ordered and brought in through church agents in St. Louis and Iowa. By September 1849, a new mint was ready and dies for $2.50, $5, and $20 coins were prepared. Apparently the old $10 dies were still serviceable. The Mormon coinage was initially intended for local use, but the coins soon spread to neighboring communities, as Salt Lake City had become an important stop for settlers and miners moving west to California. By 1850, examples had reached New Orleans and Philadelphia, where assays showed the coins were all of lower weight and fineness than their federally issued counterparts. Reports of the low intrinsic value of the Mormon coinage spread widely, and most merchants outside the Mormon community refused the issues, or accepted them only at steep discounts. The coins still circulated as a kind of fiat currency in Salt Lake City, due to pressure from the Mormon Church. Five dollar coins of a different design were issued in 1850 and, although most of the mint's equipment was auctioned on August 12, 1850, John M. Kay continued to issue coins on a limited basis through 1851. A final attempt at Mormon coinage followed in 1860, when five dollar pieces using the handsome lion design, with legends in the Deseret alphabet, were issued. Although most of the Mormon issues were melted in later years, the coins did circulate for some time in the Salt Lake City area. As a result, most examples seen today are well-worn. The designs were simple and in low relief, and none of the issues were properly assayed for coinage, so the soft gold wore down easily. All the 1849 issues employed the same basic design, with a few minor differences between the denominations. A good description of the design for the five dollar piece was provided in the description for lot 459 of the Captain Andrew C. Zabriskie Collection (Henry Chapman, 6/1909): {blockquote}"1849 $5. Eye of Providence. HOLINESS TO THE LORD. R. Clasped hands, below which 1849, around G.S.L.C.P.G. (Great Salt Lake City, Pure Gold), FIVE DOLLARS. Fine. Strong impression. Rare. See plate."{/blockquote} The only prominent feature Chapman neglected to mention was the bishop's mitre above the eye. The lot sold for a respectable price of $47.50. The current auction price realized record for an 1849 Mormon Five dollar piece is $92,000, brought by the uncertified Choice AU coin in Stack's Archangel Collection in November of 2006. The coin offered here is one of the finest survivors, with relatively sharp design elements that show an unusual amount of detail on the clasped hands and the 8 in the date, features that are usually softly impressed. The pleasing yellow-gold surfaces show a few scattered contact marks, including a thin scratch in the obverse field, below L, which serves as a pedigree marker. NGC has graded five coins in MS61, with none finer, while PCGS has graded no examples finer than MS60 (8/14). Ex: Eric P. Newman Numismatic Education Society. Realized $58750.00. Description courtesy of Heritage Auctions.
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- 1849 $5 Mormon Five Dollar MS61 NGC. K-2, R.5. Soldiers from the Mormon Battalion, returning home after the Mexican War, stopped in California in 1848 and were among the first to discover gold in the region. Their find at Mormon Island in the American River, just downstream from Sutter's Mill, near present-day Coloma, was among the richest deposits of ore found in the early Gold Rush era, yielding several million dollars in gold dust and nuggets. Despite their rich find, the Mormons did not succumb to gold fever, and continued homeward with their holdings, rather than lingering for the coming boom in California. Arriving in Salt Lake City by late 1848, the soldiers found the local economy was almost devoid of circulating coinage. Initially, Dr. Willard Richards, an official of the Mormon Church, weighed out the raw gold dust and issued it in paper packets containing amounts from one dollar to twenty dollars of the precious metal. This stopgap measure was soon replaced by a plan to issue real coinage sponsored by the Mormon Church. Designs were prepared by November 1848, and deposits of gold dust were accepted starting on December 10, with William T. Follett making the first deposit of 14.5 ounces, for which he received a credit for $232. According to contemporary sources, 46 ten dollar gold pieces were struck in December 1848 by John Moburn Kay, an Englishman who had been employed at his uncle's foundry in Lancashire, England before immigrating to America. This Mormon private coinage was the first in the region, predating the earliest California issues by at least five months, according to Donald Kagin. The design of the coins was formulated by Brigham Young, John Taylor, and Kay, and it is believed they were all dated 1849. Problems soon developed with the equipment, which was built by local craftsmen, and the crucibles for melting the raw gold were broken. Coinage was suspended on December 22, 1848, until new equipment could be ordered and brought in through church agents in St. Louis and Iowa. By September 1849, a new mint was ready and dies for $2.50, $5, and $20 coins were prepared. Apparently the old $10 dies were still serviceable. The Mormon coinage was initially intended for local use, but the coins soon spread to neighboring communities, as Salt Lake City had become an important stop for settlers and miners moving west to California. By 1850, examples had reached New Orleans and Philadelphia, where assays showed the coins were all of lower weight and fineness than their federally issued counterparts. Reports of the low intrinsic value of the Mormon coinage spread widely, and most merchants outside the Mormon community refused the issues, or accepted them only at steep discounts. The coins still circulated as a kind of fiat currency in Salt Lake City, due to pressure from the Mormon Church. Five dollar coins of a different design were issued in 1850 and, although most of the mint's equipment was auctioned on August 12, 1850, John M. Kay continued to issue coins on a limited basis through 1851. A final attempt at Mormon coinage followed in 1860, when five dollar pieces using the handsome lion design, with legends in the Deseret alphabet, were issued. Although most of the Mormon issues were melted in later years, the coins did circulate for some time in the Salt Lake City area. As a result, most examples seen today are well-worn. The designs were simple and in low relief, and none of the issues were properly assayed for coinage, so the soft gold wore down easily. All the 1849 issues employed the same basic design, with a few minor differences between the denominations. A good description of the design for the five dollar piece was provided in the description for lot 459 of the Captain Andrew C. Zabriskie Collection (Henry Chapman, 6/1909): {blockquote}"1849 $5. Eye of Providence. HOLINESS TO THE LORD. R. Clasped hands, below which 1849, around G.S.L.C.P.G. (Great Salt Lake City, Pure Gold), FIVE DOLLARS. Fine. Strong impression. Rare. See plate."{/blockquote} The only prominent feature Chapman neglected to mention was the bishop's mitre above the eye. The lot sold for a respectable price of $47.50. The current auction price realized record for an 1849 Mormon Five dollar piece is $92,000, brought by the uncertified Choice AU coin in Stack's Archangel Collection in November of 2006. The coin offered here is one of the finest survivors, with relatively sharp design elements that show an unusual amount of detail on the clasped hands and the 8 in the date, features that are usually softly impressed. The pleasing yellow-gold surfaces show a few scattered contact marks, including a thin scratch in the obverse field, below L, which serves as a pedigree marker. NGC has graded five coins in MS61, with none finer, while PCGS has graded no examples finer than MS60 (8/14). Ex: Eric P. Newman Numismatic Education Society. Realized $58750.00. Description courtesy of Heritage Auctions.
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- 1861 $20 Clark, Gruber $20 Copper Dies Trial MS64 Red and Brown NGC. K-12c, R.6. Ex: "Col." E.H.R. Green. Clark, Gruber & Co. struck twenty dollar patterns in a variety of metals in 1861, including two copper issues, one with a plain edge and a different obverse from the regular-issue twenty dollar coins (K-12b), and a reeded edge pattern struck from regular-issue dies (K-12c). Both issues are rare in today's market, as are all Clark, Gruber & Co. patterns. A set of Clark, Gruber & Co. plain edge copper patterns (two and a half, five, ten, and twenty dollar denominations) was sold in lot 501 of Charles Steigerwalt's 12th Sale, with T. Harrison Garrett as the buyer. A similar set of reeded edge copper patterns was displayed at the 1914 ANS Exhibition by Denver collector Edward B. Morgan. We believe F.C.C. Boyd purchased that set in 1937. "Colonel" E.H.R. Green acquired another denominational set (including the present coin), which eventually passed to Eric P. Newman. The Green-Newman set includes a plain edge quarter eagle (K-9), and reeded edge examples of the other denominations (K-10c, K-11b, and K-12c). All four coins from that set are offered individually in this sale and it is unlikely that such a set will be offered again in the near future, as we believe the others have been broken up. The present coin is an attractive Choice example of the K-12c variety, showing a reeded edge, and struck from regular-issue dies that closely resemble the contemporary federal issue. The mostly brown surfaces show hints of original red, with subdued mint luster under the toning and only minor signs of contact. Census: 1 in 64 Red and Brown, 0 finer (8/14). Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $20.00; Eric P. Newman Numismatic Education Society. Realized $10575.00. Description courtesy of Heritage Auctions.
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- 1861 $20 Clark, Gruber $20 Copper Dies Trial MS64 Red and Brown NGC. K-12c, R.6. Ex: "Col." E.H.R. Green. Clark, Gruber & Co. struck twenty dollar patterns in a variety of metals in 1861, including two copper issues, one with a plain edge and a different obverse from the regular-issue twenty dollar coins (K-12b), and a reeded edge pattern struck from regular-issue dies (K-12c). Both issues are rare in today's market, as are all Clark, Gruber & Co. patterns. A set of Clark, Gruber & Co. plain edge copper patterns (two and a half, five, ten, and twenty dollar denominations) was sold in lot 501 of Charles Steigerwalt's 12th Sale, with T. Harrison Garrett as the buyer. A similar set of reeded edge copper patterns was displayed at the 1914 ANS Exhibition by Denver collector Edward B. Morgan. We believe F.C.C. Boyd purchased that set in 1937. "Colonel" E.H.R. Green acquired another denominational set (including the present coin), which eventually passed to Eric P. Newman. The Green-Newman set includes a plain edge quarter eagle (K-9), and reeded edge examples of the other denominations (K-10c, K-11b, and K-12c). All four coins from that set are offered individually in this sale and it is unlikely that such a set will be offered again in the near future, as we believe the others have been broken up. The present coin is an attractive Choice example of the K-12c variety, showing a reeded edge, and struck from regular-issue dies that closely resemble the contemporary federal issue. The mostly brown surfaces show hints of original red, with subdued mint luster under the toning and only minor signs of contact. Census: 1 in 64 Red and Brown, 0 finer (8/14). Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $20.00; Eric P. Newman Numismatic Education Society. Realized $10575.00. Description courtesy of Heritage Auctions.
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- 1861 $10 Clark, Gruber $10 Copper Dies Trial MS64 Red and Brown NGC. K-11b, R.7. Ex: "Col." E.H.R. Green. Clark, Gruber & Co. struck four off-metal ten dollar patterns in 1861, one in white metal (K-11), a copper issue with a plain edge (K-11a), another copper pattern with a reeded edge (K-11b), and a unique piece struck on an 1849 U.S. cent (K-11c). All these patterns were struck using the regular-issue dies, but only the K-11b was struck in a collar. The coin offered here represents the very rare K-11b variety, the first example of this rare issue Heritage Auctions has handled over the last two decades. The present coin is a delightful Choice example, with sharply detailed design elements and traces of original mint luster around the devices. The pleasing surfaces are mostly medium brown, with some patches of original red and no trace of carbon. A most appealing example of this rare Colorado pattern. Census: 1 in 64 Red and Brown, 1 finer (8/14). Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $10.00; Eric P. Newman Numismatic Education Society. Realized $9400.00. Description courtesy of Heritage Auctions.
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- 1861 $5 Clark, Gruber $5 Copper Dies Trial MS63 Red and Brown NGC. K-10c, R.7. Ex: "Col." E.H.R. Green. Clark, Gruber & Co. struck dies trials of their 1861 five dollar coins in both copper and white metal, with both plain and reeded edges. The dies bore the same design as the firm's regular-issue coinage. All the dies trials are very rare and seldom offered publicly. Both T. Harrison Garrett and John Work Garrett were intensely interested in Clark, Gruber & Co. patterns, and the Garrett Collection included specimens of both the plain and reeded edge 1861 copper five dollar pieces (K-10b and K-10c, respectively). The present coin is a pleasing Select example of the K-10c variety, with well-detailed design elements that show the slightest touch of softness on Liberty's hair. The surfaces show a mix of original red and medium brown patina, with a few microscopic carbon spots. Only minor signs of contact are evident. Census: 1 in 63 Red and Brown, 0 finer (8/14). Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $7.50; Eric P. Newman Numismatic Education Society. Realized $6476.60. Description courtesy of Heritage Auctions.
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- 1861 $5 Clark, Gruber $5 Copper Dies Trial MS63 Red and Brown NGC. K-10c, R.7. Ex: "Col." E.H.R. Green. Clark, Gruber & Co. struck dies trials of their 1861 five dollar coins in both copper and white metal, with both plain and reeded edges. The dies bore the same design as the firm's regular-issue coinage. All the dies trials are very rare and seldom offered publicly. Both T. Harrison Garrett and John Work Garrett were intensely interested in Clark, Gruber & Co. patterns, and the Garrett Collection included specimens of both the plain and reeded edge 1861 copper five dollar pieces (K-10b and K-10c, respectively). The present coin is a pleasing Select example of the K-10c variety, with well-detailed design elements that show the slightest touch of softness on Liberty's hair. The surfaces show a mix of original red and medium brown patina, with a few microscopic carbon spots. Only minor signs of contact are evident. Census: 1 in 63 Red and Brown, 0 finer (8/14). Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $7.50; Eric P. Newman Numismatic Education Society. Realized $6476.60. Description courtesy of Heritage Auctions.
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- 1861 $2 1/2 Clark, Gruber $2 1/2 Copper Dies Trial MS65 Brown NGC. K-9, High R.7. Ex: "Col." E.H.R. Green. Copper dies trials are known for all Clark, Gruber & Co. coin issues of 1860 and 1861. The 1861 quarter eagle dies trials are known in two varieties, one with a plain edge (K-9), and another with a reeded edge (K-9a). Both varieties were struck with the regular dies, but K-9 was struck without a collar. All the dies trials are very rare, and Heritage Auctions has only offered an example of the K-9 issue on two other occasions over the last two decades. The present coin is an attractive Gem example of the K-9 variety, with sharp definition on all interior design elements. The dentils are weak on the obverse, which was struck slightly off center to the right, leaving a wide space between the stars on the left and the border. The reverse is well-centered, with stronger dentilation on the right. An outline of original red shows around most of the devices, and the fields are blanketed in attractive shades of powder-blue and magenta. Census: 1 in 65 Brown, 1 finer (8/14). Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $7.50; Eric P. Newman Numismatic Education Society. Realized $7637.50. Description courtesy of Heritage Auctions.