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*HIGHLIGHT OF THE MONTH* 1861 Clark, Gruber & CO K-8 R5 $20 Gold Graded au53 details By SEGS (fc)
Currency:USD
Category:Coins & Paper Money
Start Price:10.00 USD
Estimated At:60,000.00 - 120,000.00 USD
SOLD
52,500.00USDto floor+ buyer's premium
This item SOLD at 2021 Jun 28 @ 22:15UTC-04:00 : AST/EDT
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A full invoice should be emailed to the winner by the auctioneer within a day or two.
***Auction Highlight*** 1861 Clark, Gruber & CO K-8 R5 $20 Gold Graded au53 details By SEGS. HIGHLIGHT OF THE MONTH – Up for Auction is a Clark & Gruber $20 Territorial Gold in au condition. Of the greatest rarity and importance to collectors of territorial gold. Sharply struck in all areas, except for some of the reverse denticles. Moderate wear is evident, with a goodly portion of the original luster still remaining. The coin is lightly abraded and the surfaces have a rich reddish tint near the borders, accenting the basic green-gold color. No obvious hairlines are present, but the details designation must be from a long ago light cleaning.After John Gregory discovered enormous quantities of gold near Central City, in what would later become Colorado, in May of 1859, the Colorado Gold Rush was soon precipitated in earnest. Later that same year, local authorities established their own government, calling the region the "Territory of Jefferson". It was renamed Colorado Territory in 1861.Just as in California, ten years earlier, gold nuggets and gold dust quickly became the usual medium of exchange. This was impractical for a number of reasons, including variations in purity and the inconvenience of shipping the raw gold back to Philadelphia to be coined.The partnership of Austin and brother Milton Clark, and Emmanuel Gruber, originating in Kansas, arrived on the local scene in early 1860 and began striking coins in their private mint, in what was then called Denver City, on July 20.The obverse is very similar to the regular issue United States double eagle, but Liberty's coronet displays PIKES PEAK, rather than LIBERTY. On the reverse, the eagle is a reasonable match for the regular issue coin as well, but the peripheral legends read: CLARK, GRUBER & CO DENVER. Special characteristics include a boldly repunched N in TWENTY and a blundered V in DENVER, punched over a previous N. I have included an au53 example for your comparison. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
Previewing Details:
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Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
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