1861 $10 Clark, Gruber & Co. MS(PCGS#10141)

Coins and Medals - U.S. Section

Auctioneer

Bonham's

Lot Number

201

Grade

XF45

Price

9,000

Lot Description

K-7, R.4. Lightly toned about selected peripheral areas, the fields display pronounced green-gold color with just a few scattered hairlines here and there. As is usual of the Clark Gruber coins, the centers exhibit minor striking softness, this not to be a deterrent to the overall beauty of this rare piece. Choice fields and surfaces abound (a wonderful exception to the usual abraded condition of these) and knowledgeable bidders will pay close attention to this well preserved example. The firm of Clark, Gruber & Co., Leavenworth, Kansas bankers, established a branch in Denver following discovery of gold deposits in the area in the mountains to the West. From that start, the company would develop Colorado's largest mint, an operation which later became the foundation for the U.S. Denver Mint. Partners were Austin M. Clark, Milton Edward Clark, and Emanuel Henry Gruber and their $10 gold pieces were issued in 1860 and 1861. (PCGS 10141)