1686

1860 Clark, Gruber & Co. Gold $5. Kagin-2. Rarity-Low R-5. MS-63 PCGS.

Currency:USD Category:Coins & Paper Money Start Price:8,500.00 USD Estimated At:25,000.00 - 35,000.00 USD
1860 Clark, Gruber & Co. Gold $5. Kagin-2. Rarity-Low R-5. MS-63 PCGS.
SOLD
22,000.00USDto t********v+ (3,850.00) buyer's premium. + applicable fees & taxes.
This item SOLD at 2017 Mar 10 @ 02:20UTC-5 : EST/CDT
DON’T FORGET!
You get 1% of your purchases back as
credit towards your next two Kagin’s Auctions!
1860 Clark, Gruber & Co. Gold $5. Kagin-2. Rarity-Low R-5. MS-63 PCGS.
Whether you are seeking a centerpiece for an advanced type collection or a superior addition to an established pioneer-territorial gold cabinet, this coin is a prize worthy of heated pursuit. The deep yellow gold surfaces are brilliant and lustrous with a splash here and there at the rims of rich orange toning. The strike is sharper than typically seen throughout both sides but with some trifling softness at the exact centers. The in-hand quality instantly bespeaks a finer grade, though a loupe reveals a few tiny marks commensurate with the assigned grade. Estimates vary, but it is thought that some 6,500 to 7,000 half eagles of the date were struck. From a late state of the obverse die with tiny cracks in several places, including a thin crack that unites stars 4, 5, and 6; a crack from tip of star 7 across tip of coronet into field below star 6; from dentils at 1 o’clock to C of CLARK; and from second dentil to left of 1 in date upward across the flag of that numeral and ending at Liberty’s neckline. Not only is this an exceptional example of the K-2 variety, but it makes for an interesting object of study as well. This exemplary example of Clark, Gruber & Co.’s “Pike’s Peak Gold Denver” half eagle coinage is certain to be well-attended at bidding time; we hope you are well-prepared.

Long thought to be on the same rarity scale as the other Clark Gruber ($2 1/2 and $5 issued) but now recognized as a "sleeper" as it is much scarcer. The inferior "Riverboat" specimen brought $32,900 three years ago.

PCGS Population: 5; 4 finer (MS-66+ finest); 1 of the 5 is designated “+.”

PCGS Coin Facts