1849 Oregon Ten Dollar
Strike Type
Coin Details
Auction Record
- Price realized
- $340,750
- Sold
- Grade
- AU55
- Auction house
- Heritage Auctions
Description
This is the 1849 Oregon Exchange Company ten-dollar piece (Kagin K-2), the larger of the company's two values. Early in 1849 Oregon's provisional legislature approved a mint, and when the new territorial governor, Joseph Lane, held such a mint to be unlawful, eight men formed the Oregon Exchange Company and struck five- and ten-dollar pieces at Oregon City from gold brought from California (Wikipedia; E-Sylum, after Kagin). One side shows a beaver over the initials of the company's men and T.O., the letters of Oregon Territory transposed; the other names the company and states the weight of native gold, 130 grains for the five and 260 for the ten (Eckfeldt and Du Bois; Smithsonian, search). The Mint's assayers weighed one five-dollar piece at 127.5 grains, found it 878 thousandths fine with no alloy added, and valued it at $4.82 (Eckfeldt and Du Bois, 1850). It professes 260 grains of native gold (Eckfeldt and Du Bois, 1852). Catalogue numbers: K-2. PCGS number 10291.
Cross References
K-2
External References
Error Varieties
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