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Description

Rare Midgrade 1852 Assay Office Fifty
900 Thous., K-14, VF30

1852 $50 Assay Office Fifty Dollar, 900 Thous. VF30 PCGS. K-14, High R.5. The far-away bureaucrats in Washington and Philadelphia seemingly created one obstacle after another to the need for circulating gold coinage in Gold Rush-era California and its mining and commercial center, San Francisco, in the early 1850s. The .900 Thous. Assay Office octagonal fifty dollar pieces were the last of the Humbert-Assay Office series, made to satisfy a new requirement mandated in late September 1852: The Treasury Department wrote to the collector of customs duties in San Francisco, preventing him from collecting duties in any coinage other than those that satisfied the .900 fine federal gold standard, along with a few foreign issues of specified values as set forth in two 1834-dated laws. The emergency issue of the .900 fine coins dated 1852 apparently extended into early 1853.
The surfaces are largely greenish-gold on this appealing midgrade U.S. Assay Office fifty. This piece shows a few of the corner bumps that these pieces acquired rather rapidly in commerce, their weighty heft and unique shape exposing those areas as stress points. The 1 in the date is softly impressed. but 852 is clear. A few abrasions dot the obverse fields along with a scrape at the rim near and through SAN FRA. The reverse shows numerous dotlike abrasions and one long scrape near the center. Listed on page 370 of the 2012 Guide Book.
From The Jeepy-Louise Collection. (NGC ID# ANHH, PCGS# 10019)


View all of [The Jeepy-Louise Collection ]

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Auction Dates
July, 2011
7th-10th Thursday-Sunday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
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