Mormon gold coins were minted in the mid-19th century, primarily by private mints to meet the currency needs of the growing Mormon population in the Utah Territory. The five-dollar gold pieces, struck from 1849 to 1850, were produced in limited quantities and often bear the "Deseret" state seal. The coins are notable for their historical significance tied to the Mormon migration and settlement, with the 1850 Philadelphia mint struck examples being particularly sought after by collectors.