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Lot
3678

1851 $50 LE Humbert Fifty Dollar, 887 Thous. 50 Rev. AU58 NGC. K-4, High R.5. An attractive borderline Uncirculated example...

2006 January Orlando, FL (FUN) Signature Auction #394

 
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Auction Ended On: Jan 5, 2006
Item Activity: 7 Internet/mail/phone bidders Number of Bidders
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Description:
1851 Humbert 887 THOUS, 50 Rev. Fifty Dollar AU58
1851 $50 LE Humbert Fifty Dollar, 887 Thous. 50 Rev. AU58 NGC. K-4, High R.5. An attractive borderline Uncirculated example that displays rich honey-golden color and liberal portions of remaining luster. Several choppy, deeper abrasions are found amidst numerous other lighter marks on the obverse. Abrasions on the reverse have a tendency with the busy engine-turned design. Only the highest point of the eagle's shield and arrow feathers show noticeable lack of detail, these being normal deficiencies for the issue.
In 1851, the U.S. Assay Office began production using Moffat & Co. facilities, under the supervision of U.S. assayer Augustus Humbert. Only $50 slugs were coined in 1851. Varieties K-1 through K-4 bore the 1851 date on the edge, an unusual location. On the ribbon, the 887 is incuse, and has replaced a previous 880 that was also hand-punched into the coin's surface. Each edge section of this octagonal "slug" has different lettering as follows: AUGUSTUS / HUMBERT / UNITED / STATES / ASSAYER / OF GOLD / CALIFORNIA / 1851. On the first section, AUGUSTUS is inverted in relation to the remaining lettering. This is perhaps the only United States coinage issue with its date on the edge. K-4 is distinguished by a small 50 at the "bulls-eye" of the engine turned reverse, a repetition of the denomination "50 D" stated beneath the eagle's rock. Listed on page 349 of the 2006 Guide Book. (PCGS# 10208)

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