Menu
Welcome Sign-In | Join Now
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. (PCGS# 10208)

View all of [The Klamath Mountain Collection ]

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

Glossary of Terms

Auction Info

Auction Dates
January, 2012
3rd-8th
Internet/Mail/Phone Bidders: 17
Members Tracking: N/A
Page Views: 1,793

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

Heritage membership

941,227
bidder-members
$878,327,059
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 2 days left to consign to the 2015 September 16 - 21 US Coins Signature Auction - Long Beach!

Learn about consigning with us

Thanks to Heritage I realized a handsome profit for my coin submissions and intend to send most of the remainder of my collection to Heritage Auction Galleries for future auctions.
Terrance Syrek
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 $8,308,723
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