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Lot
4566

1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 887 THOUS. AU50 NGC. K-6, R.4....

2011 September Long Beach Signature US Coin Auction #1159

 
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Auction Ended On: Sep 9, 2011
Item Activity: 11 Internet/mail/phone bidders
995 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

1851 Humbert Fifty Dollar, AU50
887 THOUS., K-6 Variety
1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 887 THOUS. AU50 NGC. K-6, R.4. The U.S. Assay Office was established under the auspices of Moffat & Co. to help provide the booming California economy with a practical medium of exchange. Assayer Augustus Humbert began producing these large octagonal fifty dollar "slugs" in 1851. Several varieties are known for the date, with Humbert making changes that were sometimes a matter of convenience, like switching to a reeded edge instead of a lettered edge, and sometimes mandated by the government, like changing the fineness from 880 THOUS. to 887 THOUS. The coin offered here represents the K-6 variety, with a reeded edge and the 887 THOUS. fineness.
The present coin is a lightly circulated example of this large format Territorial gold coin. This piece is moderately abraded on the obverse, and lightly marked on the reverse. The often weak central details are typically soft on this example, and the coloration is a pleasing, uniform, light greenish-gold. Listed on page 368 of the 2012 Guide Book. (PCGS# 10214)

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