10589

1850 $5 Mormon Five Dollar AU53 NGC. K-5, High

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1850 $5 Mormon Five Dollar AU53 NGC. K-5, High
<table><tr><td><table><tr><td>1850 $5 Mormon Five Dollar AU53 NGC. K-5, High R.5. The 1850 Mormon Half Eagle differs primarily from the 1849 issue as it has a redesigned obverse with an all-seeing eye, nine stars surrounding it, and a differently styled miter cap. Apparently fewer 1850 coins were issued than 1849 pieces, and they are scarcer today in all grades. Those that have survived tend to show extensive wear. The minters were ordered to alloy the 1850 issue with silver in order to bring up their value relative to the 1849 issue, but this effort failed, and the vast majority of these underweight coins were melted by assayers in the 1850s. Those that survived are of the utmost rarity today. This is a pleasing, well balanced representative with characteristic green-gold color. The obverse is especially choice and an ancient scratch across the first three digits of the date is of minimal distraction for this important Territorial issue. Listed on page 301 of the current Guide Book. <BR><BR><B>Important notice:</B> Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid. <BR><BR><B>IMPORTANT ANNOUNCEMENT ABOUT RESERVES:</B> Heritage now divulges all reserves on its web site 7 days before every auction. If you want to know whether the reserve on this lot has been met, and if not, what the reserve amount is, please visit this lot page on the HeritageCoin.com web site, or email: bid@HeritageGalleries.com </span></font></td></tr></table></td></tr></table>