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1860 Clark Gruber $20 Double Eagle Gold Coin PCGS Genuine Repaired

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:160,000.00 - 200,000.00 USD
1860 Clark Gruber $20 Double Eagle Gold Coin PCGS Genuine Repaired
NOT SOLD (BIDDING OVER), HIGH BID WAS
1.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2019 Sep 14 @ 07:00UTC-7 : PDT/MST
This extremely rare 1860 Clark Gruber $20 Double Eagle Gold Coin is PCGS Graded Genuine Repaired. This light golden color on this extremely rare Territorial gold piece has amazing bold features throughout. The repaired grade assigned is a result of the fields that have been tooled and smoothed while attempting to remove some markings on each side of the coin. Often noted as the beginning of commerce in the Colorado Territory is the history of the firm, Clark, Gruber & Co. According to Breen from his extensive researches, "In December 1859, Milton Clark traveled to Philadelphia to buy dies and presses, and to New York to buy other minting equipment; on Jan. 18, 1860, the firm bought three lots in Denver City on which they built their mint; and on March 30, one L. L. Todd arrived to help set up the "Assay and Coinage Office." The Coinage totaled some $120,000 between July and October 1860, continuing into the winter until heavy snows made further prospecting impractical, and resuming at the spring thaw. They were Colorado Territory's exact counterpart of California's Moffat & Co., even to a federal takeover for conversion into a branch mint. The phrase PIKES PEAK GOLD DENVER (on the obverse) has to do more with mint location than with bullion sources; though the whole area of Jefferson Colorado was also known as the "Pike's Peak District." This is an outstandingly rare Territorial gold piece and would certainly be the highlight in any collection!