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

Description

Choice XF 1851 Humbert Fifty Dollar Slug
887 Thous., 50 Reverse, K-4 Variety

1851 $50 LE Humbert Fifty Dollar, Lettered Edge, 887 Thous. 50 Rev. XF45 PCGS. Gold CAC. K.4, High R.5. The United States Assay Office was established by an act of Congress on September 30, 1850, and the firm of Moffat & Company secured the contract for coining operations. Augustus Humbert, a New York watchmaker, was appointed assayer, and Charles Cushing Wright engraved the first dies, which Humbert brought with him when he arrived in California on January 30, 1851. Later dies were engraved locally by Albert Kuner. Coinage operations commenced immediately, and fifty dollar slugs were being produced by February 14. The new coins were of great benefit to the local economy, as their weight and fineness were accurate and they were accepted for customs duties. The new issues soon drove most of the private mints in the area out of business, as their coins were perceived as being light weight and of low intrinsic value.
The coin offered here represents the very scarce K-4 variety, with a lettered edge, a fineness of 887 THOUS., and the number 50 in the center of the reverse. The reverse design was "engine turned", similar to the design on many watch cases of the era. Don Kagin reports a possible variety K-4a, resembling K-4 in all other respects, but with no 50 on the reverse. The existence of this variety is unconfirmed.
The present coin is a lightly worn XF45 specimen, with lustrous greenish-gold surfaces. The edges show a few rim minor bruises and the surfaces display the usual number of abrasions for a large gold coin in this grade. Housed in an old green label holder with a gold CAC sticker. Listed on page 368 of the 2012 Guide Book. Population: 3 in 45, 19 finer (11/11).
From The Klamath Mountain Collection. (NGC ID# ANH4, PCGS# 10208)


View all of [The Klamath Mountain Collection ]

Fees, Shipping, 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

Glossary of Terms

Auction Info

Auction Dates
January, 2012
3rd-8th Tuesday-Sunday
Bids + Registered Phone Bidders: 13
Lot Tracking Activity: N/A
Page Views: 2,017

Buyer's Premium per Lot:
15% of the successful bid (minimum $14) per lot.

Heritage membership

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 
Consign now
  • Cash Advances
  • More Bidders
  • Trusted Experts
  • Over 200,000 Satisfied Consignors Since 1976
Consign to the 2016 December 7 - 8 World Coins Signature Auction - Hong Kong.

Learn about consigning with us

With all these; friendly people, highly professional staff, superb web site makes you a winner.
V.M.C,
San Leandro, CA
View More Testimonials

HA.com receives more traffic than any other auction house website. (Source: Compete.com)

Video tutorial

Getting the most out of search

Recent auctions

2016 July 7 - 10 Summer FUN US Coins Signature Auction - Orlando Summer FUN
2016 July 7 - 10 Summer FUN US Coins Signature Auction - Orlando Summer FUN
REALIZED $6,575,672
2016 June 22 - 24 World Coins Signature Auction - Hong Kong
2016 June 22 - 24 World Coins Signature Auction - Hong Kong
REALIZED $2,788,640
2016 June 23 - 24 World Currency Signature Auction - Hong Kong
2016 June 23 - 24 World Currency Signature Auction - Hong Kong
REALIZED $784,145

© 2016 Heritage Auctions | All Rights Reserved