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Lot
7720

1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 880 Thous. XF40 NGC. K-5, Low R.5....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
Sold for: Not Sold
Auction Ended On: Aug 12, 2011
Item Activity: 8 Internet/mail/phone bidders
530 page views
Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
1851 Humbert Fifty, 880 Thous., K-5
XF, Historic Second-Generation Slug
1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 880 Thous. XF40 NGC. K-5, Low R.5. The Moffat-Humbert-U.S. Assay Office fifty dollar gold pieces, despite their brief period of issuance -- only two years in 1851-52, with an emergency coinage early in 1853 -- showed a remarkable technological evolution. The first 1851 fifty dollar slugs were hand-lettered and -dated on their edges and produced from modular dies with blanks for the face value, i.e. (blank) D (blank) C for dollars and cents, allowing the coiner/assayer the option of producing any odd amount by hand-punching the dies with the proper numerals. However, only the even fifty dollar denomination is known of this early variety.
The next two 1851-dated fifties showed reeded edges and came in finenesses of .880 or .887. By the time of the 1852 U.S. Assay Office of Gold fifties (some made in 1853), the firm was producing an average of $65,000/month in gold coinage, including lower denominations.
This 1851 880 Thous. fifty is thus part of the second generation of Humbert-Assay Office coinage. At the XF grade level, this piece is a bit higher-grade than the typical survivor, although the grade range for known survivors is fairly wide. A few rim bumps appear on this piece, a common occurrence for such soft, heavy coins. The surfaces are medium yellow-gold with pinkish outlines on the devices and some faint luster remaining. A nice example without any overly distracting abrasions. Listed on page 368 of the 2012 Guide Book. (PCGS# 10211)

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