Mormon gold coin displayed in Utah and it surprised collectors because it is a rare specimen numismatic world. It is nearly two hundred years old and only a few pieces remain United States of America and the rest of the world. Its history is also linked to a famous moment i Californiawhen gold attracted the attention of many adventurers who dreamed of becoming rich.
This coin is so specific that when it shows up at auction, it’s a great event. Although it has previously been sold at prices less than US$1 millionits value has increased over the years as very few remain.
The last time it was for auction It was in September 1980, according to World Medal. It has only been auctioned eight times in almost two hundred years, according to the founder of Conradh na Gaeilge Great CollectionsIan Russell.
The older they are, the more valuable the coins are at auctions (Photo: Pexels)
A Mormon gold coin was minted in 1849nearly two hundred years ago, with the gold dust discovered, for the first time, i Californiaduring the era known as the Gold Rush. It is considered a historical piece i United States of America.
According to the owner of the store All About Coins, which is located in the neighborhood Sugar House of Salt Lake Citywhere a copy was displayed in Utah, there are only 20 coins of this type left in the world.
In addition, most of them have been melted down over the years, mainly because their owners were not aware of the value they can achieve at auction or selling to collectors: more than US$1 million.
“A family found it in a safe deposit box after their grandparents died. “The family had no idea how much there was.”Campbell told Fox13 about the medal that was on display in Utah.
Both sides of Mormon gold coins (Photo: PCGS)
1849 Mormon gold coin worth more than $1 million because there are few copies and because of its historical richness, almost two hundred years since it first appeared in the United States.
This specimen is part of the coins put into circulation by the Mormon government that year. Copies were issued in the following dollar denominations: 2.50, 5, 10 and 20, according to Coin World Almanac.