RARE 1849 Mormon Money Signed Brigham Young, Heber C Kimball, NK Whitney PCGS 63 For Sale
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RARE 1849 Mormon Money Signed Brigham Young, Heber C Kimball, NK Whitney PCGS 63:
Here is an extremely rare authentic 50c Mormon Scrip, or Money note, from 1849 in the Salt Lake Valley. Signed by 4 Mormon leaders, including Brigham Young, writing his full name rather than B Young.
The item has been certified and graded authentic, with the grade of "Choice New 63" by PCGS Currency. PCGS is a world leader in grading and evaluating paper currency. It is totally independent, and has no bias in that it does not buy or sell currency, and is not part of a company that does buy or sell currency. Since 2005, they have certified and graded nearly a million paper notes. A Choice New 63 is a very high grade (range is 1 to 70).PCGS writes this about a 63 grade:Choice New 63
"A Choice note will be strictly New, with no folds or bends that indicate circulation. The paper quality and eye appeal will be slightly above average for the issue, and any flaws present will be minor in nature. Imperfect centering is acceptable at this grade level, although any note with severe centering problems (with the design of the note touching the edge at one or more margins) cannot attain this grade..."
The unique PCGS grading serial number for this particular note, found on the back of the permanently sealed holder, is 80585487. Each serial number is recorded at PCGS with an accompanying photo of the item.
Certificate of Authenticity: This note is certified authentic by PCGS Currency, the market leader in third-party grading and authentication. By encapsulating it in a PCGS folder, they are certifying it to be genuine. PCGS even has an online Cert Verification. Just enter the PCGS serial number and you can make sure that the item that was originally authenticated is still in the encapsulated envelope.
IMPORTANT NOTE: This item has been permanently encapsulated in its envelope by PCGS. NO returns will be accepted if the envelope has been opened, picked at, or folded or otherwise in a condition other than in the mint condition it is now in, with the bill inside also in the same condition as now.
Judging by its pristine condition, I do not believe this bill ever went into circulation.
This has been signed by Brigham Young, Heber C. Kimball, N.K. (Newel) Whitney, and Th. (Thomas) Bullock, Clerk. This is the 50c note, which was the ONLY denomination issued on Jan. 20, 1849, where Brigham Young wrote his full "Brigham Young" name.
On all the other denominations of that January 20 day, $1, $2, and $3, Brother Brigham must have gotten tired, because he only signed them "B Young". So this 50c value commands a major premium as "Brigham Young" is much more sought-after than "B Young" by many collectors.
In addition, Heber C. Kimball wrote "Heber C. Kimball" on the 50c denomination. He also must have tired, because he only wrote HC Kimball on all the other denominations. Again, that makes the Jan. 20 50c denomination the premium value over the other values issued that day.
Brigham Young was the 2nd Prophet and President of the Mormon Church, or The Church of Jesus Christ of Latter-day Saints. He also led the Mormons to the West, where they colonized much of it, particularly present-day Utah.
Newel K. Whitney was the Bishop of Kirtland, Ohio, the prominent Mormon community in the East. He used his business skills to build up the Mormon church in the area. In 1847, in the Salt Lake Valley, he served as the Presiding Bishop of the Church until his death in 1850.
Heber C. Kimball was one of the original 12 Apostles of the Mormon Church. He was active in missionary work and served as First Counselor to Brigham Young from 1847 until his death in 1868.
Thomas Bullock served as a clerk in the LDS Church Historian's Office. He was one of the original pioneers to enter Salt Lake Valley with Brigham Young. He wrote portions of The History of the Church, and died in 1882.
What is this printed Valley Money Note?
The Mormons starting arriving in Salt Lake Valley in July, 1847. They would barter with each other, and also trade gold (if they had any). This was not very exacting, as how big is a "pinch" of gold, anyway? However, they lacked hard currency.
Brigham Young and his associates realized hard currency was needed. They countersigned some of the old Kirtland Safety Society notes, but this was not enough. They then made plans to issue paper currency until coins could once more be minted. Bills were made for 50 cents, $1.00, $2.00, and $3.00, and were signed by Brigham Young, Heber C. Kimball (Brigham Young's counselor), and Newel K. Whitney, presiding bishop of the church.
According to an article in the Salt Lake Tribune, March 26, 1995, by Hal Schindler, (page J1) (updates have been added):
"The bills were stamped with the seal of the Twelve Apostles, which consisted of the emblem of the priesthood encircled by sixteen letters: P.S.T.A. P.C.J.C.L.D.S. L.D.A.O.W., which was an abbreviation for "Private Seal of the Twelve Apostles, Priests of the Church of Jesus Christ of Latter-day Saints, in the Last Dispensation All Over the World."
Truman Angell, church architect, made a press that could print paper currency. On 20 January 1849 a total of 3,329 bills in 50 cents, $1.00, $2.00, and $3.00 denominations were issued; these carried a face value of $5,529.50. Feramorz Y. Fox, who studied the records of these issues, which are in the LDS Church Archives in Salt Lake City, found that these issues of currency were secured by an 80 percent reserve of gold. Most of the gold, in California-minted coins or dust, was paid in to the church as tithing. These gold-backed church treasury notes, or perhaps more accurately, warehouse receipts for gold dust, appear to have been a generally acceptable means of exchange in the Salt Lake Valley. They were actually released into the public intermittently between Jan. 30 and April 10.
When the church mint resumed coinage in the fall of 1849, the paper currency was redeemed, and most of it was destroyed. Of the original 3,329 notes, only 184 notes, valued at $269.00, were outstanding in May 1850."
This note was labeled Number 875. 50c Notes with serial numbers 826-1000 were not issued in January 1849, and were instead released by the Church in small amounts in trade for documents and other acquisitions.
If you hold the piece in the right light, you can see the aforementioned embossing. It appears to be a Phrygian Crown (like a three-pointed liberty cap), over an all-seeing eye, inside a circular Sun design, and the style="padding-top: 5px; background-color: rgb(255, 255, 255);">This is dated Jan. 20, 1849, and numbered 875. The new press typed the background information, starting with G. S. L. City. Jan. 20, 1849.
As with all valuable paper artifacts, extreme caution should be taken to avoid exposure to prolonged light, both natural and artificial. Too much light or heat for too long can damage the paper and cause the inks to fade.
This truly is a once-in-a-lifetime enhancement, authenticated and graded, to any collection of early Mormon artifacts or autographs, or LDS or Western US history in general.
COMBINED SHIPPING: We will do our best to combine purchases to save shipping costs. In some cases, that is easy, in some cases not so much. If you buy multiple pieces, and pay for them, we will combine if we can, and refund the shipping difference into your Pay pal account.
We will ship this only to the United States. We are not responsible if the buyer reships it somewhere else, after receiving it from us. Our responsibility ends at the destination we ship it to.
Return Policy: If you are notsatisfied with youritem, please contact us within 72 hours of receiving the item. We'll refund your purchase price, minus shipping charges,upon safe return of theitem in original condition within 30 days of buyer’s receipt of item. Failure to contact us within 72 hours of receipt of item, voids this offer.Buyer is responsible for all return shipping charges. Item must arrive to us in same condition as buyer received it (check photos in original description), or a restocking fee may be charged.
Damage: If your item arrives damaged, please contact us within 24 hours of receiving as we will be happy to resolveany issue. Buyer must contact us within 24 hours of receipt of item to claim damage in shipping.