The Deseret Assay Office produced gold coins denominated $2.50, $5, $10 and $20 that were issued under the authority of the Mormon Church in the Utah Territory in the mid-19th century.
An example of one of the 1849 Mormon gold $5 coins is among the nearly 1,300 United States coins to be offered Sept. 4 and 5 in Los Angeles by Ira & Larry Goldberg Auctioneers.
The sale is scheduled to be held at the firm’s auction gallery at 11400 W. Olympic Blvd., Suite 800.
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The Mormon pioneer gold $5 coin is graded About Uncirculated Details, Altered Surfaces, by Professional Coin Grading Service.
The obverse of the territorial gold coin is inscribed THE. LORD. HOLINESS. TO. The inscription appears around the all-seeing eye of God with three-pointed Phrygian cap or miter above, emblematic of the Mormon priesthood.
The reverse is inscribed G.S.L.C.P.G. for “Great Salt Lake City Pure Gold” and FIVE. DOLLARS around the date 1849, with two clasped hands at center.
The coin is considered a Rarity 5, which means, according to Donald H. Kagin in Private Gold Coins and Patterns of the United States, that 31 to 75 pieces are extant.
The coin carries an estimate of $30,000 to $40,000.
1843 Mature Head cent
The first 400 lots in the sale comprise the Fred Iskra Collection, focusing on Late Date cents (1840 to 1857).
Premier among the lots is an 1843 Coronet, Mature Head, Large Letters cent, Newcomb 17 variety, graded PCGS Mint State 64 red and brown and stickered by Certified Acceptance Corp.
According to the auction lot narrative, “The beauty of this cent is enhanced when you consider its rarity and the fact that the next finest piece grades only net VF35 [Very Fine].”
Among the previous owners of the coin are noted collectors Robert E. Vail, R.E. “Ted” Naftzger Jr., and Adam Mervis.