Mormon Gold: The Deseret Mint and its Mint Master John Moburn Kay
I've looked at a lot of Mormon Gold photos but never read much about it until recently.
The following photos and excerpt is fascinating to me. The quoted text below is just a short amount from the article so do click through if you're interested.
The Deseret Mint looks like the middle set of buildings below.
Read below for how gold was used as children's toys at home.
https://www.historynet.com/self-reliant-mormons-started-deseret-mint-money-mill.htm
Robert L. Foster wrote:
The Pioneer Company, the first organized group of Mormons (or Latter-Day Saints) entering the Salt Lake Valley, led by the prophet Brigham Young, consisted of 143 hand-picked men, three women and two children. Leonard J. Arrington, noted Mormon historian, estimated that there was less than $1 per person in the entire company, and Brigham Young himself only had $50. That was the entire monetary supply of the Mormon Church, and money was desperately needed for trading within and outside the valley.
...
Brigham Young obtained a small supply of U.S. coins on a trip to the Missouri River area in 1847. Upon his return to Salt Lake City in 1848, he placed about $85 worth of those coins into circulation. A noted Mormon writer, Earl Hansen, compared releasing those coins to “spilling a cup of precious water upon the desert sands.” The relief was only temporary: the small change soon disappeared.
...
The Deseret Mint began operations in November 1848, with John Kay commissioned mint master. The $10 denomination was the first coin struck; only 25 were minted the first day. They sold at $10.50 each. No reason was given for the 50- cent premium; perhaps it was charged because of the coin’s novelty or to offset the cost of minting.
...
The Deseret Mint was commonly referred to as “the money mill.” It was a small adobe building on the north side of South Temple Street, just across the street from where the Salt Lake Temple now stands. The federal government created Utah Territory (about half the size of the state of Deseret) on September 9, 1850, but that did not mean the end of minting operations. The October 5, 1850, issue of the Deseret News reported: “We stepped into the mint the other day and saw two or three men rolling the golden bars, like wagon tires, ready for the dies. This is what makes trade brisk.” John Kay, mint master, often carried the bars of gold home for safekeeping. There, his older daughters used them for building log cabin playhouses on the hearth.
...
Brigham Young’s most significant need met by minting gold coins was purchase of goods from large cities in the eastern United States. He wanted to coin gold of sufficient fineness and weight to qualify as a medium of exchange. Non-Mormon traders in the Salt Lake Valley such as Thomas L. “Peg-Leg” Smith also accepted the coins as payment for their various goods.
Lithograph from Amazon: https://www.amazon.com/Bowery-Presidents-House-Ackerman-litho/dp/B07W8YRSSD
Comments
Here's information on John Moburn Kay, mint master, war surgeon, dentist, musician and Elder of the Church.
The Mormon Double Eagle is the first $20 gold coin in the US.
Of note:
It's also worth noting that coins were minted from 1849 to 1850 and then again in 1860. From 1855 to 1858, he was in Europe.
Again, this is a short excerpt, so click through to read more.
http://www.mormonhaven.com/genealogy/hardy/hardy_cobia_tree/Hardy/john_moburn_kay/john_moburn_kay.htm
What does rolling golden bars like wagon tires mean?
@Zoins thanks for this post. I can't imagine the struggle for survival that first year in the desert. Do you know who produced the dies and crucibles? I would guess in SF maybe? Peace Roy
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I'm not sure. Mormon Haven says the following. I'll see what can find out.
What a terrific read! Thanks for taking the time and attention to detail.
(I used to be a practicing Mormon having graduated from BYU and serving their two-year mission.)
peacockcoins
@Zoins... Thanks for the links/history.... I have been intrigued by Mormon gold for a long time, though I have no coins - yet. Amazing how multi-talented/skilled Mr. Kay was.... Cheers, RickO
Thanks for great posts. Learned some new things. Here is the original $5 coin. The pictured coin is one I once owned and was subsequently replaced by another 1849 $5 Mormon Gold coin. 1850 also saw a design change for the $5 coin.
Some years later (1860) another $5 Mormon Gold Coin was minted that had inscriptions in the new Deseret Alphabet on it and featured a lion. I still have one that I picked up from the Salt Lake coin dealer Alvin Rust who used to use its image on his calling card. (Edited to add, see my post below for more information on the 1860 coin.)
Apparently 1849 was the only year that Mormon Gold coins were made in any other denomination than $5.
This from a display of Mormon gold coins at the museum across the street from Salt Lake City's Temple Square.
This photo, which I also took at the same location, can be found at page 267 of Karl V. Moulton's book, "John J. Ford, Jr. and The 'Franklin Hoard' ". His caption for my photo reads, "Mormon die making tools and dies on exhibit in Salt Lake City, Utah."
OK, I just located my copy of Alvin E. Rust's book, "Mormon and Utah Coin and Currency." (1984) with its writings on Mormon Gold.
He explains how members of the Mormon Battalion who underwent the longest infantry march in U.S. Military history ended up in California where disbanded Mormon Battalion veterans, were among those to first discover gold at Sutter's Mill in January of 1848. He goes on to describe how when those individuals continued on to join their families in Salt Lake City that they took with them gold dust from the discovery. Once in Utah he writes, "Because the gold dust was difficult to weigh and exchange ... Church leaders decided to convert the gold dust to coin." He continues, "The Deseret Mint was established on South Temple just west of the old Church administration building, near where the Hoel Utah garage is now located. The first gold dust was deposited at the mint on 10 December 1848 by William T. Follett, a battalion veteran whose 14 1/2 ounces were credited for $232 at $16 per ounce."
As noted in the OP's initial reporting, John Kay engraved the dies and minted the coins but he was assisted by others who engraved the first stamps for the coins and included Alfred B. Lambson who forged the dies, punches, and tools and collars. This appears to partially answer a question above about where the dies came from for the coinage.
With regard to the later 1860 Mormon Gold $5 coin (the one with the Lion), it is reported that its gold was sourced from Colorado as opposed to the California gold previously. Reportedly a separate mint was set up in the back of a jewelry store since it had been almost a decade since the initial minting. It is believed a J.M. Barlow who owned the jewelry store engraved that coin although John Kay, who was responsible for the early coins, assisted. These coins were minted from 1859 to 1861, but all bore the date of 1860. The total number of the lion $5 Mormon Gold coins minted was 789.
Thanks to a poster created by fellow forum member UtahCoin here is the above described 1860 $5 Lion Coin. Rust describes it in his book as the most impressive of all gold coins of the era including those from the U.S. Mint. He adds, "Workmanship on the 1860 coin was excellent."
Interesting read. I work about 2 blocks away from where the deseret mint was. When i first found out about mormon gold i wanted to obtain one. Well at least until i saw the prices.
OK, I can add that the name of the above referenced museum in Salt Lake City across the street from Temple Square is presently named the Church History Museum although I believe it may have been known as the Pioneer Heritage Museum, or something similar, in the past.
In any event it is located at 45 N West Temple. Recently it has remained closed due to COVID-19 precautions, but there has been a loosening of restrictions by the LDS Church so it would not hurt to check ahead if one is planning to be in the area.
Most excellent and informative posts. Thanks to all who posted in the Mormon minting regards. Enjoyed profusely.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Two thoughts:
What is the reasoning for your belief?
Here are the two to compare:
1860 $5 Mormon Gold - PCGS MS62 POP 44/2/0 - Hansen
https://www.pcgs.com/cert/82621184
1850 $10 Baldwin (Regular Strike) - PCGS MS64+ POP 10/1/0 CAC
https://www.pcgs.com/cert/28901937
Additional informaation from Heritage:
Also it's interesting that "deseret" means "honeybee":
https://coins.ha.com/itm/territorial-gold/territorial-and-fractional-gold/1860-5-mormon-five-dollar-ms62-pcgs-secure-k-6-high-r5-pcgs-10268-/a/1219-5526.s
The Mormon Church indicates that the coin was designed by J. M. Barlow and Douglas Dougall Brown. Were they connected with Albert Kuner?
https://www.churchofjesuschrist.org/study/ensign/1979/03/discovery/mormon-money?lang=eng
Here's more from Heritage:
https://www.icollector.com/1860-5-Mormon-Five-Dollar-AU58-NGC_i7631087
Apparently the early crucibles were made by hand, presumably in Utah, while later crucibles were purchased from the east per the Church. I wonder if there are any records of where they were purchased from?
Here's a fuller excerpt from the Church:
https://www.churchofjesuschrist.org/study/ensign/1979/03/discovery/mormon-money?lang=eng
Here's some info on Alfred Boaz Lambson:
https://history.churchofjesuschrist.org/chd/individual/alfred-boaz-lambson-1820
https://familypedia.wikia.org/wiki/Alfred_Boaz_Lambson_(1820-1905)
It's interesting that he's mentioned by Alvin Rust, but not the Church. Also the Church mentions John Taylor, and Robert Campbell but they are not in Alvin Rust's excerpt.
All this history is great, thanks to all who shared here. I absolutely loved seeing the die images, the forge wrapped metal base on the die on the left is amazing. Talk about bringing coins to life. @Zoins special thanks to you. Peace Roy
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How many of these patterns exist? Do the dies for these still exist?
Here's the only one I found:
1860 $5 Mormon Gold Pattern - Kagin-8 - R7 - XF 40 Cleaned - Ex. Eugene Peterson
https://coins.ha.com/itm/territorial-gold/mormon-5-1860/a/208-7722.s
Interesting 1898 restrike.
Anyone have background on these and know why they were struck?
Photos from Timothy E. Carroll / Numismatic Financial Corporation.
https://www.nfccoins.com/products/15660
@1northcoin You mention the book by Rust. Is this book worth buying and reading (even if the odds of acquiring a Mormon gold coin are low )?
Page 7 of this magazine references Kuner and the 1960 Mormon die set. It is a common story retold in many older books and periodicals.
https://nnp.wustl.edu/library/book/518854?page=8
In a word, yes. While it includes many photos, unfortunately none are in color. The Mormon gold story is only a small portion as the book covers an extended time period reaching back to the highly sought after Kirtland Ohio notes before the Mormons made their exodus to Missouri, Illinois (Nauvoo), and eventually Utah.
It also included some erroneous information that was sourced from counterfeiter Mark Hoffman which is corrected in an appendix that Rust added after the book's initial publication.
I suspect one may be able to acquire a copy by contacting Alvin's reputable son who has a store in Orem, Utah.
Here's some information on the coin in the OP, which looks gorgeous. Is this the pinnacle of Mormon Gold? It was just sold for $720,000 at Heritage's FUN auction this year.
PCGS was able to grade this coin:
The family that found the coin brought it to Goldbergs:
Thanks for the kind words and to everyone for contributing!
I love learning about our country's coins and history. It's wonderful to share with and learn from those that enjoy the same!
Here's some more great information on where the gold came from including Mormon participation in James Marshall's discovery of gold, "Mormon Island" and the Mormon Battalion's participation in the Mexican-American War.
https://www.ksl.com/article/41207623/looking-back-at-mormon-gold-coins-other-historical-utah-currencies
Mormon Island has it's own Wikipedia page:
https://en.wikipedia.org/wiki/Mormon_Island,_California
I imagine that putting a bar through the rollers to make a strip from which to punch planchettes was similar to how the metal hoops for wagon wheels were manufactured?
@Zoins. thanks for that added history regarding the second major discovery of gold in California at what came to be known as Mormon Island on the American River.
Curious if anyone today continues to mine for gold on the American River.
If I recall correctly there was also a gold discovery by Mormon pioneers near Carson City. Nevada. It may have even predated the California Gold Rush,
Edited to add:
It was June 1, 1850 and the Mormon community was Dayton, Nevada. (Although another authority references 1849 as the year of discovery without providing a specific day and month.)
Ironically the discoverer was a John Orr. It is credited as the first gold discovery in Nevada and led to later finds of Silver in the Comstock of the same region which included Carson and Virginia Cities.
Sounds right. Thanks for posting.
Makes a lot of sense! Thanks!
It's great to hear how people used to talk about things we still do today.
While searching for gold coins, I found a photo of what the gold plates from which The Book of Mormon is transcribed looked like. Until now, I had no idea what they looked like.
https://www.churchofjesuschrist.org/study/history/topics/gold-plates?lang=eng
Just located this additional photo I took which shows the entire exhibit located at the museum across from Salt Lake City's Temple Square.
Included is Brigham Young's safe and the full Mormon Money display.
Locating the Deseret Mint where the Mormon Gold Coins were minted:
Compare the photo in the OP'S offered painting to the building pictured below. If I am correct, the building with the smoke coming out of its smokestack correlates to the building seen on the wall of the Mormon Money Exhibit at the museum located across from Salt Lake City's Temple Square.
Fascinating. Thanks for sharing. I’ve always loved the design and detail of the Lion $5. Possibly, someday, I’ll pursue one seriously.
Was going through some old papers this weekend and came across some readers printed in the Deseret Alphabet as included on the Lion $5.
OK, here is what I located regarding the Deseret Alphabet which appears on the 1860 $5 Mormon Gold Lion Coin as pictured in several of the above posts.
First, the book published using the Deseret Alphabet including an included key page identifying the individual letters:
And here are experts from an article that discusses various alternative alphabets to include the Deseret Alphabet as well as an explanation for its limited time of use by the Mormons due to the advent of the transcontinental railroad.
That's awesome @1northcoin ! I wonder if anyone can read / write Deseret Alphabet now.
Here's some info on the alphabet from Wikipedia:
https://en.wikipedia.org/wiki/Deseret_alphabet
Thanks for adding.
Although I have had the book printed in the Deseret Alphabet for a number of years, it was only in posting the photo I took of it this week that I noticed an interesting anomaly. As pictured on the cover of the 1869 published book the Salt Lake Temple is shown with a cross on top. Since the temple itself was still under construction in 1869 this may well have been the artist exercising his/her artistic license rather than anything in the plans. Of course as completed the Angel Moroni, and not a cross tops the Salt Lake City Temple and to my knowledge crosses do not appear on any of the church or temple buildings of the Faith.
Here are some added points of interest relating to the time period between the 1860 $5 Mormon Gold coin inscribed with letters of the Deseret Alphabet and the Salt Lake City Temple's completion in 1893.
*The original cornerstone was layed in 1853 and work on the foundation continued to 1857 when a potentially hostile U.S. Army came to Utah.
As a protective measure the foundation was buried to protect it from any invasion.
The Deseret Alphabet inscriptions appeared on the 1860 $5 Mormon Gold Coin also featuring a Lion.
In 1861 the U.S. Army withdrew and left for the just starting Civil War
The 1869 date of publication of the pictured book evidenced at least a nine year period the Deseret Alphabet continued to be used.
By 1869 construction on the Salt Lake City Temple had resumed, although fortuitously the burying of the original foundation evidenced that the now cracked stones were unsuitable and the firestone was replaced with granite.
*1869 also saw completion of the transcontinental railroad with the final spike being driven in Utah.
I agree 100% that it wouldn’t be a cross, but could be an alternate depiction of Moroni.
@cccoins, very possible. The original Nauvoo Temple that preceded the building of the Salt Lake Temple did have the horizontal placed angel, but it was not replicated for the rebuilt Nauvoo Temple as seen in the photo I took just after its completion.
Correct. As a side note, I always wanted a full size Nauvoo sun stone. That would be an incredible piece of history to behold.
Well there is one in the Smithsonian to at least view.
The only other existing one I know of was sitting out in the weather in a Nauvoo Park when I saw it in 1966.
That was just before the Nauvoo Restoration project in the late 60s that has restored many of the historic houses and buildings. It should still be available to view at a now secure and protective setting in Nauvoo.
I have seen the one at the smithsonian a couple of times, and it is amazing. There is a third survivor in private hands in the Missouri area.