Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live!

Our Weekly Internet Coin Auctions and World and Ancient Coin Auctions are closing with live, online auctions on HA.com's Heritage Live! platform beginning with the Internet Coin Auction that ends Sunday, September 21st and the World and Ancient Coin Auction that ends on Thursday, September 25th. Each lot is offered one at a time, in lot number order, in live auctions beginning at 8:00 PM CT. During this part of the auction, live bidders will be on Heritage Live! competing with each other and with previously placed Internet bids. The lot opens, requests live bids, and then closes when the bidding is finished. There is no change in how you place your secret maximum bids during the week the auctions are open on HA.com. In addition, once bidding on HA.com ends, 2 hours before the live sessions start, you still have the option to leave proxy bids through Heritage Live!

For more information about Heritage Live!, please visit HA.com/live. If you have any questions about this exciting format change, please contact us at 800-872-6467 or Bid@HA.com.

X
There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
1968

1851 $50 LE Humbert Fifty Dollar, 887 Thous. 50 Rev. AU55 PCGS....

2009 October Signature US Coin Auction #1130

 
Sold for: Sign-in or Join (free & quick)
Make Offer:
Make Offer to Owner

The owner of this Item has been actively participating in the Make Offer to Owner program.
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Oct 23, 2009
Item Activity: 7 Internet/mail/phone bidders
5,383 page views
Location:

Heritage Auctions
3500 Maple Avenue
Dallas, TX 75219

Preliminary Lot Viewing
The Saint Charles Convention Center
Booth 501
Saint Charles, MO 63303

 

Description:
1851 Humbert Octagonal Fifty Dollar
887 Thous., K-4, AU55
1851 $50 LE Humbert Fifty Dollar, 887 Thous. 50 Rev. AU55 PCGS. Lettered Edge, K-4, High R.5. While there are examples available of these historic octagonal "slugs" for a price, it is seldom that we have the privilege to offer so fine a specimen in problem-free Choice AU condition. PCGS has certified only five coins as such, with five examples finer--three in AU58, one each in MS61 and MS62 (6/09).
The 1851-52 octagonal fifty dollar gold pieces of Augustus Humbert and the U.S. Assay Office of Gold were known by various names, some obviously descriptive, some of unknown derivation. "Adobes," "quints [short for 'quintuple eagle']," "ingots," and "slugs" all served as monikers for these impressive gold coins during their heyday. Probably the most significant among those names is "ingot," for in their time they were considered exactly that--not so much a coin as a preassayed and -weighed quantity of gold at a given fineness and with a recognizable design. It is noteworthy that the dies of the first design (K-1) for the 1851 Lettered Edge Humbert fifty dollar had blanks beside the D and C for dollars and cents, as well as the fineness, so that those modular dies could be completed with varying finenesses and dollar-cent amounts as needed. The design is only one step removed from "ingots" in the usual sense of the word.
Although they were for a time virtually the only domestically produced gold coins in circulation in California, that very circulation sometimes proved problematic: When they were dropped, which they frequently were, their odd shape meant that they were apt to incur bumps or dings on their eight-cornered edges, which if severe enough could prevent their certification by NGC or PCGS. This AU55 example has no such corner bumps. The striking details are remarkably strong for this design type. The rich orange-gold surfaces show a faint trace of reddish patina around the devices. Listed on page 364 of the 2010 Guide Book. (PCGS# 10208)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

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

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
884,471
bidder-members
$1,008,938,227
sold in the last year
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
Consign to the 2015 January 4 - 5 NYINC World Coins & Ancient Coins Signature Auction - Waldorf NYINC.
Learn About Consigning With Us
Very courteous, pleasant and professional!
G.N. ,
Jacksonville, FL
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $13,399,663
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED SO FAR $9,117,835
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,847,114