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Lot
7540

1851 $50 LE Humbert Fifty Dollar, 887 Thous. 50 Rev.--...

2003 May St. Louis, MO (CSNS) Signature Sale #318

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Auction Ended On: May 2, 2003
Item Activity: 12 Internet/mail/phone bidders
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Location: St. Louis, MO
Description:
Rare 1851 K-4 Humbert Slug With ASSAYER Inverted on the Edge
1851 $50 LE Humbert Fifty Dollar, 887 Thous. 50 Rev.--ASSAYER Inverted--VF35 PCGS. K-4, High R.5. This is the design with Charles Cushing Wright's defiant eagle on the obverse and an incuse 50 in the center of the reverse. The rim bears the rare blundered incuse inscription AUGUSTUS/ HUMBERT/ UNITED/ STATES/ ASSAYER (inverted)/ OF GOLD/ CALIFORNIA/ 1851. This massive San Francisco provisional mint gold "slug" bears numerous contact marks and there is a rather large planchet flake out of the obverse rim at 4 o'clock. On the reverse there are several milling marks in the center where other large sized, milled coins came in contact with this piece. These marks, however, are fairly typical of large sized Territorial gold coins. This is a most curious variety for two reasons, both of which are on the edge: the blundered inverted word ASSAYER, and the date. We cannot think of another U.S. coin that is dated on its edge.
Ex: Harmer Rook's sale of November 1969, lot 596; Bowers' sale of May 1973, lot 1254J; Baltimore ANA Signature Sale (Heritage, 7/1993), lot 5867. (PCGS# 10208)

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