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Lot 2360 |
Justh & Hunter 185-Ounce Gold Ingot....
2010 January Orlando, FL FUN US Coin Auction #1136
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Bid Information
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This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% (minimum $40 per lot) of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
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- Payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, bank draft, bank wire or PayPal.
- There is no penalty for paying off early.
- Non-dealers only
All traditional sales policies still apply. Due to the nature of the business and market volatility, there is no return privilege once you have confirmed your sale, and penalties can be incurred on cancelled orders.
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| Sold for: | Sign-in or Join (free & quick) |
| Auction Ended On: | Jan 7, 2010 |
| Item Activity: |
12 Internet/mail/phone bidders
4,020 page views |
| Location: | Orlando, FL |
Attractive Smooth Surfaces
Ex: S.S. Central America
Justh's future business partner, Solomon Hillen Hunter, arrived in San Francisco aboard the steamship Sonora on March 3, 1855. Ironically, prior to boarding this ship on the Pacific side of Panama, Hunter was a passenger on the S.S. George Law. Shortly thereafter, the George Law was renamed the S.S. Central America. So, Solomon Hunter was actually on board the famous treasure ship two years before it sank in the Atlantic with more than 80 gold ingots stamped with his name.
In 1855, Justh and Hunter formed a partnership in San Francisco to assay gold. The firm prospered and in the following year they opened a branch office in Marysville. In spite of its good reputation, the partnership only lasted a couple of years and was dissolved on July 10, 1858. Of course, by then millions of dollars in Justh and Hunter ingots, including the present specimen, as well as bars of numerous other California gold refiners lay at the bottom of the ocean, enough bullion to be a factor in the Panic of 1857.
Solomon Hunter returned to New York in 1858 and was last listed in the Baltimore City Directory in 1860. Emil Justh continued to lead a colorful life. In 1861, Justh sold his refinery to Kellogg, Hewston & Co. as he intended to go east. True to his word, Justh sailed to New York City and began a career as a stockbroker.
In 1871, Justh had a "complicated" divorce case. The 45-year old stockbroker had the following sordid account of his life included in the New York Times from October 21:
"On Wednesday last John T. Burleigh of No. 23 Dey Street, appeared before Judge Shandley, at Jefferson Market Police Court, and stated that several important letters, and a check for $30, were stolen from his safe by a private detective named A.A. Ackerman, at the instance of Emil Justh, a banker residing at No. 63 Exchange Place. Yesterday Sergt. McComb proceeded to the residence of Mr. Justh, to arrest him on the charge, but the latter refused to accompany him to the Station, and when force was used, presented a revolver at the officer's head. Patrolman Tully witnessed the occurrence, and before the weapon could be discharged wrenched it from his hand. He was then conveyed to the Station, where the letters were found in his possession. These letters, Justh alleges, afford proof of the seduction of his wife by Burleigh, and he desired to use them in proceedings for divorce now pending. Justh was discharged from custody, and Judge Shandley retained the letters in his possession for the present."
Apparently, Justh had retained the spirit of the Wild West in his Eastern life. His temerity in threatening the police with a gun could have ended badly, but the luck of the Gold Rush was still with him. Justh later moved to Paris, where he died in December 1883.
The present offering is a clean, problem-free ingot, with remarkably smooth surfaces. It measures 149 x 71 x 29 mm. The top is impressed: NO. 4146/Justh & Hunter (curved company imprint)/185.21 OZS 876 FINE/$3353.87. The inscriptions are attractively laid out in a horizontal pattern, with ample space between the lines. The weight in ounces and the fineness are logically recorded on the same line. The bottom side was unevenly inscribed with the individual ingot number, but only the 46 is visible. The back side of the ingot features a long depressed area often seen on these ingots, the result of the casting process. The depression is filled with a reddish-russet patina, most likely caused by contact with the rusting iron ribs of the ship (see A California Gold Rush History for details). The item offered here is an important memento from this historic California assayer and refiner.
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Service and Handling Description: Coins & Currency (view shipping information)
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