6408

1860[$10] Clark, Gruber & Co. Ten Dollar AU Details, Burnished, NCS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1860[$10] Clark, Gruber & Co. Ten Dollar AU Details, Burnished, NCS.
<B>1860<$10> Clark, Gruber & Co. Ten Dollar AU Details, Burnished, NCS.</B></I> K-3, R.5. The start of the Colorado Gold Rush followed that of California by almost exactly ten years. Two settlements, Auraria and Denver City (the present day Denver), formed on opposite sides of the South Platte River, and by 1860 Auraria was absorbed by Denver City. During this time, the risk of loss in bullion trading was great due to increased robbery and little in the way of organized local security. The stage was set for a local mint, and there to fill the void was Clark, Gruber, & Co. Commerce in Colorado took a significant turn when they arrived.<BR> C, G, & Co. bought three lots in Denver City on which to build their mint, and a two-story brick "Assay and Coinage Office" was erected on the corner of McGaa and G Streets (the present 16th and Market). Coinage began quickly and totaled approximately $120,000 between July and October of 1860. The entire area was known as the "Pike's Peak District," leading to the legend PIKES PEAK GOLD DENVER seen on the Clark, Gruber, & Co. 1860 ten and twenty dollar gold. In 1863, the federal government bought out the firm under the pretense of setting up a branch mint. Of course it was more than 40 years before that actually occurred. This minimally worn, but rather subdued example was harshly cleaned at one time, stripping the coin of its natural luster. Listed on page 302 of the 2004 <I>Guide Book.</B></I> <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.