Menu
Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 

Description

Rare 1852 Assay Office Fifty Dollar Gold AU53

1852 $50 Assay Office Fifty Dollar, 900 Thous. AU53 NGC. K-14, High R.5. A surprising amount of luster remains evident on the surfaces of this AU "slug", from the United States Assay Office. The coloration is a rich greenish-gold with substantial accents of coppery-orange coloration. Like many others of its type, this large-format coin shows a number of small to moderate abrasions, indicating that it served actively in the channels of commerce.
The increase in stated fineness from .887 to .900 (from Kagin-13 to Kagin-14) was significant, as the federal government had imposed a moratorium on the acceptance of any private gold issues, by the San Francisco Customs Office, of any fineness below .900 (or 90%). Local merchants and bankers were reluctant to accept any coinage that would not be acceptable for the payment of customs duties. The solution to this problem was the production of .900 fine fifty-dollar coins. Soon after, ten and twenty dollar pieces were being minted in substantial quantities, and the fifty-dollar "slugs" eventually became obsolete.
According to Kagin (1981), these 1852-dated pieces were actually produced in the first two months of 1853: 13,800 in January and 10,000 in February. Not surprisingly, considering the relative value of fifty dollars in the 1850s, only a fraction of those 23,800 coins still exist, the remainder having been melted long ago. As of November 2007, just 110 pieces have been certified by NGC and PCGS combined, including any possible resubmissions. Listed on page 355 of the 2008 Guide Book. (PCGS# 10019)

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
January, 2008
9th-12th
Internet/Mail/Phone Bidders: 5
Members Tracking: N/A
Page Views: 1,153

Buyer's Premium per Lot:
15% of the successful bid (minimum $9) per lot.

Heritage membership

941,630
bidder-members
$883,856,462
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

Consign to the 2015 December 10 - 12 World Coins Signature Auction - Hong Kong.

Learn about consigning with us

I want to thank you for all you did to make the whole auction experience a good one.

Cori Williamson
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 $8,306,961
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