1860 Clark Gruber & Co. $10 MS61 PCGS
Lot 1099
1860 Clark Gruber & Co. $10 MS61 PCGS
Sold for US$ 43,290 inc. premium
Auction Details
Coins and Medals New York
16 Dec 2011 10:00 EST

Auction 19430
1860 Clark Gruber $10 MS61 PCGS
Lot Details
1860 Clark Gruber & Co. $10 MS61 PCGS
K-3, R.5. Lovely light green-golden toning shows over this superior quality, Mint State coin. Several minor contact marks are mentioned in the vulnerable fields on each side, however, these are entirely normal for the MS61 grade assessment by PCGS. A glistening example with a luxurious display of original luster remaining around and within the devices, and agreeable color on both sides. Wonderfully struck by the dies, as well, indeed fully so at the fanciful "Peak" first recorded by Zebulon Pike on his journey of discovery in 1806. Clark, Gruber and Company is the most famous Colorado private gold minter.

The Pike's Peak gold rush began in 1859 but word of the discovery began to spread East, West, South and North in the Fall of 1858. To further spark the public's interest, unbelievable fabrications began to appear in print, as though the mere reporting would establish the facts. On September 18, 1858, the Wyandotte Gazette published a "reliable" account concerning $10,000 in gold dust which had come in from Pike's Peak: "One man brought in $600.00 as the result of a few weeks work. A small boy had $1,000, which he says 'he dug down and found,' and the little fellow says 'he can get all he wants." This undocumented account was reprinted in the Missouri Democrat on September 24, and followed the next day by the report of a merchant from St. Joseph, who had come to St. Louis to buy a supply of bacon for the Pike's Peak trade. This and thousands of other newspaper accounts acted like a magnet to draw hopeful gold seekers to the region from which this $10 gold coin is an all-too-solid reminder of those half-forgotten days. (PCGS 10137)
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