Lot #11. El Cortez Hotel & Casino. 1988 $5 Gold Gaming Token. Proof-66 Ultra Cameo (NGC).
The 2009 Los Angeles ANA Auction - 8/5/2009
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One of Just Five Examples Struck. 24 karat pure gold. 2.5 ounces. A virtually pristine specimen with beautiful color and lovely surfaces.
This extremely rare gold casino token was part of the personal collection of renowned Las Vegas gaming pioneer Jackie Gaughan. It had been stored for decades in the vault of the El Cortez Hotel & Casino and only recently rediscovered as part of a group of gold and silver coins, bars and gaming tokens personally owned by Gaughan. These items were acquired directly from Gaughan, and the present example is making its first appearance at public auction.
The El Cortez Hotel & Casino $5 gold gaming tokens, of which only five examples were made, were produced in 1987 by Nevada Coin Mart expressly for Jackie Gaughan, who owned the El Cortez and Union Plaza at that time.