C Bechtler $5 K-23 128 Grs., 22 Carat RUTHERF: MS (PCGS# 10109)

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    5714
  • Grade:
    MS62
  • Price:
    $37,375.00
Lot Description
(1837-42) $5 C. Bechtler Five Dollar, RUTHERF: MS62 NGC. K-23, High R.6. Christian Bechtler was born in the Grand Duchy of Baden in 1782. He moved to the United States in 1829, first to Philadelphia, and shortly afterward, to Rutherfordton, North Carolina. A jeweler by trade, Bechtler was probably drawn by the Appalachian gold rush that took place in the 1820s and '30s. He operated a jewelry shop in Rutherfordton, but the shortage of ready money in the booming economy soon induced him to set up his private mint. Operating with strict fairness, Bechtler's mint continued to serve the community for almost twenty years, and coined more than $2 million in face value. The K-23 fives were simple in design, giving Bechtler's name, location, and the denomination on the obverse, with GEORGIA GOLD, 22 CARATS, and 128. G. on the reverse. Both sides included a star and appropriate punctuation. The present coin is sharply detailed, with light greenish-gold surfaces, and satiny mint luster. The fields display areas of semiprooflike reflectivity, as well. The K-23 five dollar gold coins are quite rare, with experts estimating a surviving population of 13-30 examples in all grades. Mint State specimens are very rare. Listed on page 365 of the 2011 Guide Book.
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