March Day 1: Modern Design
Wed, Mar 16, 2022 11:00AM EDT
Lot 199
1849 Mormon $5 Gold Coin PCGS AU Detail Gen. N98
Estimate: $10,000 - $15,000
Bid Increments
| Price | Bid Increment |
|---|---|
| $0 | $25 |
| $300 | $50 |
| $1,000 | $100 |
| $3,000 | $200 |
| $5,000 | $500 |
| $10,000 | $1,000 |
| $20,000 | $2,000 |
| $50,000 | $5,000 |
| $100,000 | $10,000 |
| $500,000 | $25,000 |
| $1,000,000 | $50,000 |
| $10,000,000 | $100,000 |
One 1849 gold $5 Mormon coin issued by the Deseret Assay Office under the authority of the Mormon Church in Utah. The obverse depicts two hands clasped together above the date and surrounded by "G.S.L.C.P.G. FIVE. DOLLARS." The reverse with the all-seeing eye surrounded by "HOLINESS. TO. THE. LORD." Graded by PCGS as N98 with AU detail and genuine but not gradable due to a repair along the edge.
Though the abbreviation of "G.S.L.C.P.G." along the obverse stands for "Great Salt Lake City Pure Gold" the gold actually came from California, not Utah. It was the usage of this unrefined California gold dust, which contained some native silver alloy, that caused a 1850 assay of the coins to find them underweight. Due to this, many were likely melted down or, if they were circulated at all, they were taken at a discount. It is estimated that between 1848-1851 there were approximately 5,340 Mormon $5 gold coins struck based on an extrapolation of a 1950 figure of $75,000 for gold issues struck between this time.
Diameter: 22 mm
Please contact us for a detailed condition report. Please note that the lack of a condition statement does not imply perfect condition. Email condition@revereauctions.com with any condition questions.
Though the abbreviation of "G.S.L.C.P.G." along the obverse stands for "Great Salt Lake City Pure Gold" the gold actually came from California, not Utah. It was the usage of this unrefined California gold dust, which contained some native silver alloy, that caused a 1850 assay of the coins to find them underweight. Due to this, many were likely melted down or, if they were circulated at all, they were taken at a discount. It is estimated that between 1848-1851 there were approximately 5,340 Mormon $5 gold coins struck based on an extrapolation of a 1950 figure of $75,000 for gold issues struck between this time.
Diameter: 22 mm
Condition
Payment & Shipping
PAYMENT
Revere Auctions accepts wire transfers, checks (personal or business check in US dollars certified by a US bank, a cashier’s/banker’s check drawn on a US bank or US money order), cash (US currency not to exceed $10,000 in a single or multiple related payments). Visa, Discover, American Express or MasterCard may be used and are subject to a 3.0% convenience fee and are limited to purchases of $5,000.00 (total). Credit Card payments for jewelry and gold are NOT accepted. The purchaser’s obligation to pay immediately the full purchase price is absolute and unconditional and is not subject to any defenses, setoffs or counterclaims of any kind whatsoever. Revere Auctions is not obligated to release a lot to the purchaser until title to the lot has passed. The purchaser agrees to pay Revere Auctions handling charge of $30 for any check dishonored by the drawee.
SHIPPING
Revere Auctions does NOT offer in-house shipping. As a convenience to the Buyer, Revere Auctions will make a referral for packing and shipping. This is at the request, expense, and risk of the Buyer, and Revere Auctions assumes no responsibility for the items or the timing of delivery. Insurance for in transit items is the responsibility of the buyer. The buyer must reach out to a shipping company to arrange shipping.
The buyer must fill out and return the Shipping Release Form to info@revereauctions.com in order for their items to be released. This is to ensure that the won item(s) are given to the proper shipping company and reach their final destination safely. This form can be found here: https://www.revereauctions.com/wp-content/uploads/2019/07/ShippingRelease.pdf
Here is a list of our preferred shippers:
UPS Store #2105
Contact: Ryan Wilson
Email: store2105@theupsstore.com
Phone: 651-642-5972
UPS Store #5396
Contact: Finley
Email: store5396@theupsstore.com
Phone: 612-332-4117
UPS Store #1782
Contact: Lu and Andy
Email: store1782@theupsstore.com
Phone: 651-222-2019
UPS Store #2158
Contact: Ali
email: store2158@theupsstore.com
phone: 651-635-0636
Museum Services Inc
For shipping estimate please complete the following link:
http://museumservices.org/revere
