Live auction - fwo_704234 - UTAH - SALT LAKE CITY - MORMON 2 1/2 Mormon Dollar 1849

UTAH - SALT LAKE CITY - MORMON 2 1/2 Mormon Dollar 1849 XF PCGS

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Estimate :	50 000 €
Price :	20 000 €
Maximum bid :	22 000 €
End of the sale :	07 December 2021 20:39:32
bidders :	1 bidder

Type : 2 1/2 Mormon Dollar

Date: 1849

Quantity minted : -

Metal : gold

Diameter : 17 mm

Orientation dies : 6 h.

Weight : 4,15 g.

Edge : lisse

Rarity : R3

Slab

PCGS : XF

Coments on the condition:

Exemplaire sous coque PCGS Plugged-XF Detail. Trou rebouché à 6 heure au droit. C’est la première fois que nous proposons ce très rare type à la vente !

Catalogue references :

Y.p.389

Obverse

Obverse legend : HOLINES TO THE LORD .

Obverse description : Oeil surmonté d’un bonnet phrygien.

Reverse

Reverse legend : C. S. L. C. P. G. // TWO AND HALF D..

Reverse description : Deux mains serrées, au-dessous 1849.

Commentary

Brigham Young, président de l’Église de Jésus-Christ, est l’instigateur du système monétaire Mormon.
Même si ces monnaies arborent la mention 'PURE GOLD' (or pur), elles contiennent en fait moins de 2,5 dollars d'or, l'or californien étant rarement pur. Ce que confirma par la suite le laboratoire d'essayage de l'atelier de Philadelphie. D'ailleurs, ces monnaies eurent beaucoup de difficultés pour être acceptées en dehors de la communauté..

Historical background

UTAH - SALT LAKE CITY - MORMON

(1849-1860)

It was in September 1848 that the first quantities of gold dust appeared in the Great Salt Lake Valley, brought by veterans of the Mormon battalion of the American army.. They had spent the winter in California after their demobilization in 1847. On January 24, 1848, engineer James Marshall discovered gold in the American River region and therefore Mormon veterans were the first to leave with their wealth.. As in the rest of the world, the discovery of Californian gold caused a shock in Utah. As in California, the Mormon establishments suffered from a crying lack of circulating coins. The discovery and the mining were at the origin of a real economic boom. However, payments in gold dust were very inconvenient. Willard Richards, counselor to Brigham Young, president of The Church of Jesus Christ of Latter-day Saints (Mormon Church) and valued member of the community had the idea of setting up a small weighing office. The gold powder was thus weighed and put in bags in accordance with the usual monetary values. The bags therefore became means of payment. However, from gold sachets to gold coins, there was only one step which Richards took soon after. With the means of fortune at their disposal, gold coins were then minted.