Territorial Gold
1849 $5 Norris, Gregg, & Norris Five Dollar, Reeded Edge, AU55 NGC. K-4, R.4. Period after ALLOY. The firm of Norris, Gregg & Norris was the first concern to issue California Pioneer Gold coins in quantity. The newspaper Alta California reported examining a five dollar gold coin bearing this imprimatur on May 31, 1849. Four varieties of the Norris, Gregg & Norris half eagle were produced with an 1849 date. The present coin is an example of the Kagin-4 variety, characterized by a reeded edge and the faint period after ALLOY on the obverse.
Both sides of the coin offered here exhibit light, even wear over the high points of the design with much original detail remaining. The largely green-gold surfaces have an attractive reddish accent of color. Abrasions are small and consistent with the grade. One shallow scrape above the eagle's head deserves mention for the sake of completeness. An attractive example of this historic issue. Listed on page 390 of the 2017 Guide Book. Census: 4 in 55, 21 finer (10/16).
Ex: Long Beach Signature (Heritage, 2/2009), lot 3156.