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Lot 2661 |
1851 $50 RE Humbert Fifty Dollar, 880 Thous. AU55 NGC....
Auction: 2008 December Houston, TX Signature Coin Auction #1118
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| Sold for: |
Not Sold
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| Ended: | Dec 4, 2008 |
| Item Activity: |
4 Internet/mail/phone bidders
1,668 page views |
Description:
Pleasing 1851 Humbert Slug, AU55
Kagin-5, 880 THOUS
1851 $50 RE Humbert Fifty Dollar, 880 Thous. AU55 NGC. K-5, Low R.5. The fifty dollar gold slugs, or "ingots" as they were known at the time, are massive octagonal gold pieces produced from freshly mined gold from the regional gold fields that were being worked by countless treasure hunters who came from the East. While some undoubtedly struck it rich, most struggled to earn a day's wage. Those who fared best were the various merchants and business men who came in support of the miners. People like Augustus Humbert who set up his assay office to refine the gold and create a functional medium of exchange.Humbert arrived in California on the steamer Tennessee that sailed 20 days out of Panama. Louis Rasmussen published details of the voyage in San Francisco Ship Passenger Lists: "20 days from Panama, via Acapulco, Mexico, 12 days, San Diego, California, 2 days, Monterey, California, 12 hours. Spoke the steamer 'Oregon' on December 10, 1850 off Quibo Island. The 'Tennessee' also put into Mazatlan, Mexico where the English frigate 'Mianda' gave the vessel a 9 gun salute. Pleasant weather during voyage." In addition to Humbert, others on board included T. Butler King, the Collector of the Port of San Francisco, as well as J.R. Curtis and Samuel Ward.
This Humbert slug has typical greenish-gold surfaces with light orange toning around the devices, especially visible on the obverse. The surfaces are lightly abraded as usual, with a few minor corner bumps on the octagonal edge. A thin scratch is evident on the reverse. (#10211)
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Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 414, Lot 5769 | Monday, August 14, 2006 | 55 | NGC | $34,500.00 |
| Auction 139, Lot 8168 | Saturday, August 19, 1995 | 55 | PCGS | $13,200.00 |
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