Rare $10 Mormon coin up for auction in Utah
Published on April 24, 2014 at 12:28PM
A Utah auctioneer says he thinks a gold coin minted by Mormon pioneers in the Salt Lake Valley could fetch more than $500,000 before bidding ends Thursday night. Tyson Emery is a coin expert from All About Coins in Sugar House. He tells KSL he already has a $375,000 online bid for the $10 coin made by early Church of Jesus Christ of Latter-day Saints settlers. He says the territorial coin dates to the 1800’s, when U.S. coins and currency were scare for Mormon pioneers. LDS currency made from mid-century California gold ore came in denominations including $2.5, $5, $10 and $20. The LDS Church History Museum has a replica display featuring coins, dies and other equipment. Simple and rugged designs showed clasped hands, with uneven lettering and numbers.