1861 Clark Gruber & Co. $20. AU50 PCGS

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Lot 203
1861 Clark Gruber & Co. $20. AU50 PCGS

Sold for US$ 90,000 inc. premium

Coins and Medals

28 Jan 2019, 10:00 PST

Los Angeles

1861 Clark Gruber & Co. $20. AU50 PCGS
K-8, High R.5. Clark, Gruber & Co. issued coins in the traditional gold denominations of $2.50, $5.00, $10.00, and $20.00 from 1860 to 1861. The design of the 1861 $10 and $20 coins was changed from that shown in 1860, and the new design is quite similar to that of the Federal issues, but the inscriptions on the reverse read CLARK, GRUBER & CO DENVER, with the denomination at the bottom. These coins always contained more than their face value in gold when struck, but the alloy was soft, and the coins exhibited wear quickly. While the coins were generally well executed, striking quality was obviously not a major concern.

The 1861 Clark, Gruber & Co. twenty dollar coin was struck with a reeded edge. This example shows the usual recutting of the date and the N in TWENTY. The V in DENVER was recut over an errant N. The present coin is an attractive example of this interesting design. The softness of the alloy has resulted in moderate, even wear on the design highpoints, typical of this issue. Much detail remains on the obverse central devices, and the PIKES PEAK inscription is fully legible, however, the reverse was softly impressed at the center. Rich green-gold color enhances the surfaces with a bit of natural brick-red patina so often seen on these coins. Abrasions are minimal for the grade. Presently, only 27 examples of the 1861 CG&Co. $20 have been certified by PCGS with NO Mint State examples thus far seen. This represents an important opportunity for the collector of Territorial gold as an offering of an 1861 Clark Gruber & Co. $20 is few and far between. PCGS Population: 6 in AU50, just 6 are finer, the finest a single AU58. (PCGS 10142)
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1861 Clark Gruber & Co. $20. AU50 PCGS
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