Menu
Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 

Description

Impressive 1851 Humbert 880 THOUS Slug

1851 $50 LE Humbert Fifty Dollar, 880 Thous. 50 Rev. XF45 PCGS. K-1, R-6+. Although the large fifty dollar slugs were an important addition to California commerce, they were boycotted by the bankers and gold dust dealers who could no longer buy gold dust at extremely low rates. Most of the lower denomination private gold issues were melted with the gold used to produce these large pieces, created a serious shortage of smaller denomination coinage in the area. It became extremely difficult to make purchases of any article priced below 50 dollars, as there was no convenient way to make change. Paper currency was illegal according to the California state constitution, and federal authorities forbade the Assay Office to produce smaller denomination pieces until the next year.
This specimen is a lovely example with bright green-gold color and considerable vivid plum toning. The surfaces are lightly abraded, essentially as always, with some wear evident on the highest design points. The wide outer border of the obverse has some flattening, also as usually seen. This example is intriguing for the different punches used. Compare the digit 0 in 880 with that in 50 on the obverse, and also with the 0 in the 50 stamped on the reverse. Each of these digits has a different shape or size. Listed on page 349 of the 2007 Guide Book.
From The Long Beach Family Collection. (PCGS# 10199)

View all of [The Long Beach Family Collection ]

Service and Handling Description: Coin/Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
August, 2006
13th-14th
Internet/Mail/Phone Bidders: 7
Members Tracking: N/A
Page Views: 769

Buyer's Premium per Lot:
15% of the successful bid (minimum $9) per lot.

Heritage membership

940,474
bidder-members
$884,957,454
sold in the last year

Join Now - It's Free

VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 

Consignments wanted

Only 7 days left to consign to the 2015 September 16 - 21 US Coins Signature Auction - Long Beach!

Learn about consigning with us

Though the other companies put up a good fight, Heritage is the best bar none.
T.R.,
Kula, HI
View More Testimonials

HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com

Video tutorial

Getting the most out of search

Recent auctions

2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN
2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN
REALIZED $8,332,129
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
REALIZED $6,503,481
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
REALIZED $10,592,191

© 2015 Heritage Auctions | All Rights Reserved