Scotsman Auction Co. hosted its Midwest Summer Sale on July 21 as
part of the Missouri Numismatic Society’s 57th Annual Coin Festival at
the Saint Charles Convention Center in metropolitan Saint Louis. Rare
gold coins were standouts in the auction, which realized more than
$1.6 million across 1,096 lots. Among the more interesting offerings
was an 1873 Proof set with 14 coins from the Indian Head cent to the
Trade dollar, each graded by Numismatic Guaranty Corp. ranging from
Proof 60 Cleaned to Proof 65, that sold for $12,075.
Here's one of three gold coin standouts that sold at the
recent Scotsman Auction:
1861 Clark, Gruber & Co. pioneer gold $20 coin, EF-40
Clark, Gruber & Co. was a prominent Denver private minting firm
that struck a range of gold issues dated 1860 and 1861. Its largest
denomination was a $20 piece dated 1861 that closely approximated the
contemporary circulating Coronet double eagle.
The fallout from the Enhanced Uncirculated Coin
Another column in the August 21 weekly issue of Coin World reveals
that while forms of numismatic literature like fixed-price lists
were meant to be fleeting, they can actually be quite useful.
Liberty’s coronet says PIKES PEAK rather than LIBERTY and the
reverse legend around the eagle identifies the firm, but otherwise it
might pass as a contemporary gold $20 coin to the casual observer.
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Gold miners could visit the firm’s facility in Denver and trade
their gold dust and nuggets into a usable currency, like the subject coin.
The coin is graded Extremely Fine 40 by Professional Coin Grading
Service. As Scotsman notes in its description, Clark, Gruber & Co.
coins serve as representatives of the “relatively brief periods of
optimism when miners set out toward the west to ‘strike it rich.’ ”
The privately issued gold coin, collected under the category of
pioneer gold (also called private and territorial gold) and described
as having “brassy luster” and “smooth and slightly glossy fields,”