1861 Clark, Gruber & Co. $5. Die Trial. K-10b. Rarity-7+. Copper. Plain Edge. Proof-64 RB (PCGS).Resplendent with much of its original vibrant red mint luster that blends into pools of reddish-brown, setting off the carefully struck design. Altogether a visually appealing rarity sure to please. The success of the initial 1860 series of coins from Clark, Gruber & Co. prompted the company to emit a new issue the following year. While the designs of the $2.50 and $5 remained essentially unchanged, the $10 and $20 dispensed with the Pikes Peak motif in favor of one more commensurate with their then-current federal equivalents. New dies were prepared bearing the 1861 date and several copper trials were struck as well as some white metal pieces. As the new Territory of Colorado grew, the local populace desired to have a branch mint to provide a viable supply of coinage, as well as a bullion depository. On December 19, 1861, a bill to this effect was introduced in Congress by Hiram P. Bennett. The legislation passed the House and Senate and became effective on April 21, 1862. At around the same time, Clark, Gruber & Co. decided to sell their building and related facilities and equipment. On November 25, 1862, the Secretary of the Treasury offered $25,000 for the building and its contents, which was accepted. After Congress passed a resolution on March 3, 1863 to enable the Treasury Department to obtain title to the facility, possession was officially transferred in April though it would not be until 1906 before any coin would be struck there. All told, Clark, Gruber & Co. minted a total amount of $594,305 in gold coin and a precious few trial pieces. All Clark, Gruber & Co. die trial pieces are of the highest rarity and are highly sought after as an important part of the numismatic legacy of the West. Here is an opportunity that is not easily overlooked.From the Samuel J. Berngard Collection.
