1849 Mormon gold coin fetches $705K at auction

[TexasTowelie]

SALT LAKE CITY (AP) — A $10 Mormon gold coin fetched $705,000, and a $20 Mormon gold coin sold for $558,000 at auction this week.

They were the rarest of a seven-piece collection of Mormon coins made in 1849 that brought in nearly $2 million at an auction staged by Dallas-based Heritage Auctions.

The territorial coins, put up for sale by a collector, went to an undisclosed buyer. Bidding ended Thursday night.

Tyson Emery, a coin expert at All About Coins in Salt Lake City, said coins and currency were scare when Mormon pioneers arrived in Utah in 1847, and the settlers began making their own coins primarily to buy goods from the East.

More at http://news.yahoo.com/1849-mormon-gold-coin-fetches-705k-auction-211428621.html .

[font color=green]Into Mitt Romney's vault to never be seen again.[/font]

[theHandpuppet]

1. Any pics of the coins?

I'm curious to see what they look like.

[TexasTowelie]

5. I searched but didn't find any photos. nt

[Brother Buzz]

6. Here's another example of the coin. I assume this one is in poorer condition

[pipoman]

2. He's going to have them made into a new grill..

[Generic Other]

3. Is that for real?

Wow! Aquamarines? My mom had a gold tooth for many years. I always kind of thought it was cool. But not that cool! LOL.

[quinnox]

4. I would like a time machine to go back to 1849 and the American West, to buy some gold coins

please.