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Lot
5375

1851 $50 RE Humbert Fifty Dollar, 880 Thous. VF30 PCGS. K-5, Low R.5. 1851 was the first year of operation of the U.S. Assa...

2005 September Long Beach Signature Auction #384

 
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Auction Ended On: Sep 23, 2005
Item Activity: 10 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Impressive 1851 Humbert Fifty Dollar Slug
1851 $50 RE Humbert Fifty Dollar, 880 Thous. VF30 PCGS. K-5, Low R.5. 1851 was the first year of operation of the U.S. Assay Office, which used the facilities of Moffat & Co. Early varieties of 1851 Fifty Dollar slugs bear the date on the edge and not the obverse, Kagin-5 introduces the date on the obverse and has a relatively low fineness of 0.880. Housed in a first generation holder, the present piece retains noticeable golden-brown luster. A few moderate edge knocks are expected of a circulated heavy octagonal gold coin. The left (facing) wing is detached from the rock, as made from a lapped die. Listed on page 296 of the 2005 Guide Book.
From The Thomas Wolfe Collection, Part One.(#10211) (PCGS# 10211)

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