||1834 $5 C. Bechtler Five Dollar, RUTHERFORD, Plain Edge MS61 NGC. CAC. K-17, R.5. Writing in Private Gold Coins and Patterns of the United States (1981), Donald Kagin noted, in regard to the Bechtler private gold coinage operation in North Carolina: "Another major modification in the Bechtler coinage occurred in 1834. That year Congress passed a bill reducing the gold content of our gold coins. Bechtler prepared new dies engraved with the date 'August 1, 1834' and began producing new coins with the reduced weight." The pleasing reddish and green-gold coloration displayed on both sides of this example provides assurance of the originality of this lovely Mint State piece. Design motifs are well struck and well centered on both sides, and considerable mint luster radiates from the nicely preserved surfaces. An exceptional representative of this important, conditionally scarce variety from the private mint of Christopher Bechtler. Census: 7 in 61, 2 finer (8/14). Ex: Eric P. Newman Numismatic Education Society.
Realized $22325.00. Description courtesy of Heritage Auctions.