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Lot
7721

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

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

 
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Auction Ended On: Aug 12, 2011
Item Activity: 11 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
XF 1851 Humbert Fifty Dollar
Reeded Edge, 880 Thous., K-5
1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 880 Thous. XF40 PCGS. K-5, Low R.5. A peach-gold and sun-yellow example of this early Humbert fifty variety. Traces of luster emerge from the plumage, letters, and scrollwork. Wear is moderate for the grade, although a number of scattered marks are present, as is the rule for octagonal fifties of the era, since for three years they were the principal supply of money during the California Gold Rush. Buddy Ebsen's favorite coin from his fabulous collection was a battered example of K-5, since he imagined where it had traveled and what it was spent on. Both NGC and PCGS have certified pieces in grades as low as Fine 12. On the present coin, however, the only noticeable abrasions are a small corner ding at 4 o'clock on the reverse, a brief cut at 8 o'clock on the reverse, a pair of slender but relatively deep marks near the ED in UNITED, and a small dig beneath the 0 in 880. Listed on page 368 of the 2012 Guide Book. (PCGS# 10211)

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