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Lot
3682

1852 $50 RE Humbert Fifty Dollar, 887 Thous. AU58 NGC. K-11, R.5. The San Francisco mint did not produce coins until 1854. ...

2006 January Orlando, FL (FUN) Signature Auction #394

 
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Auction Ended On: Jan 5, 2006
Item Activity: 10 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Bright Near-Mint 1852 Humbert Fifty Dollar
1852 $50 RE Humbert Fifty Dollar, 887 Thous. AU58 NGC. K-11, R.5. The San Francisco mint did not produce coins until 1854. However, between 1851 and 1853, United States Assayer Augustus Humbert affirmed the value and fineness of territorial pieces that were struck at the former private Moffat & Co. mint. The large number of issues and denominations provided high denomination gold coinage required by the booming Northern California gold rush economy. The Fifty Dollar denomination was the largest for the U.S. Assay Office pieces, and the proverbial West Coast "slug" refers to this denomination. Octagonal $50 pieces were issued in 1851 and 1852, with fineness of .880, .887, and .900. Kagin-11 is similar to Kagin-13, as both are dated 1852 and have similar fineness, but the second L in DOLLS touches the rock on the latter.
This canary-gold example has indistinct definition on the eagle's plumage, shield, rock, and olive branch as almost always encountered. A couple of trivial rim bruises and contact marks are fully appropriate for the grade. Listed on page 349 of the 2006 Guide Book.
From The Great Western Collection of Territorial Gold, Part Two. (PCGS# 10217)

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