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SERIES: (None)
LEVEL: Year, MintMark, & Major Variety

1849 $5 Mormon (Regular Strike)

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PCGS AU58

PCGS AU55

PCGS AU55
Image courtesy of BluCC Photos
PCGS #:
10262
Diameter:
Designer:
Weight:
Edge:
Mintage:
Metal Content:
Other
Auction Record:
$92,000 • AU55 • 11-7-2006 • Stack's
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Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS60 PCGS grade  
2 AU58 PCGS grade

Allan Collection

2 AU58 PCGS grade  
2 AU58 PCGS grade  
2 AU58 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS60 PCGS grade  
2 AU58 PCGS grade

Allan Collection

2 AU58 PCGS grade  
2 AU58 PCGS grade  
2 AU58 PCGS grade  
2 AU58 estimated grade  

Eric P. Newman Numismatic Education Society - Heritage 11/2014:3474, $58,750

7 AU55 PCGS grade

Ex Jack Klausen

7 AU55 PCGS grade  

Riverboat Collection - Heritage 4/2014:5454 (as PCGS AU55 10001882), $76,375

7 AU55 PCGS grade  
7 AU55 PCGS grade  
Ron Guth:

Varieties:
Kagin 2 - Rare
Kagin Restrike 3 in Gilt Copper - 3 known
Kagin Restrike 3a in Gilt Copper - 1 known

Notes:
Breen estimated the mintage of the Mormon $5 gold coins at 5,340 pieces, but this was purely a guess based on an extrapolation of a 1950 figure of $75,000 for all Mormon gold issues struck between 1848 and 1851.

Several AU55 or better examples are known, though they appear on the market infrequently.  The best example known to us is the NGC MS61 from the Eric Newman collection.

The obverse abbreviation "G.S.L.C.P.G." stands for "Great Salt Lake City Pure Gold".  However, an assay of the various Mormon gold issues performed at the United States Mint in 1850 showed the coins to be underweight and debased.  The gold for these coins came not from Salt Lake City, nor anywhere else in Utah, but from the gold fields of California!

The obverse die was later used (Kagin believes in 1898) to create uniface impressions in gilt copper (see Kagin 3).

The reverse die was later used (Kagin believes in 1898) to create uniface impressions in gilt copper (see Kagin 3a).

Sources and/or recommended reading:
"Private Gold Coins And Patterns Of The United States" by Donald H. Kagin, PhD

"Walter Breen's Complete Encyclopedia Of U.S. And Colonial Coins" by Walter Breen