Territorial Gold
(1837-1842) $5 C. Bechtler Five Dollar, RUTHERF. -- Improperly Cleaned -- NCS. AU Details. K-23, R.5. All five dollar Bechtler gold coins are rare, and Kagin-23 is the 128 grains variety with RUTHERF: instead of RUTHERFORD. This yellow-gold example is a bit bright and displays faint marks from light circulation, but will satisfy advanced collectors of this challenging private gold maker. Listed on page 389 of the 2017 Guide Book.
Ex: Mulkin Collection (Heritage, 10/2009), lot 1964.