Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live!

Our Weekly Internet Coin Auctions and World and Ancient Coin Auctions are closing with live, online auctions on HA.com's Heritage Live! platform beginning with the Internet Coin Auction that ends Sunday, September 21st and the World and Ancient Coin Auction that ends on Thursday, September 25th. Each lot is offered one at a time, in lot number order, in live auctions beginning at 8:00 PM CT. During this part of the auction, live bidders will be on Heritage Live! competing with each other and with previously placed Internet bids. The lot opens, requests live bids, and then closes when the bidding is finished. There is no change in how you place your secret maximum bids during the week the auctions are open on HA.com. In addition, once bidding on HA.com ends, 2 hours before the live sessions start, you still have the option to leave proxy bids through Heritage Live!

For more information about Heritage Live!, please visit HA.com/live. If you have any questions about this exciting format change, please contact us at 800-872-6467 or Bid@HA.com.

X
There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
5953

1852 $50 RE Humbert Fifty Dollar, 887 Thous. AU58 PCGS. K-11, R.5. ...

2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Aug 9, 2013
Item Activity: 9 Internet/mail/phone bidders
576 page views
Location: Hyatt Rosemont
6350 N. River Road
Rosemont, IL
60018
Description:

1852 Humbert Octagonal Fifty, AU58
Reeded Edge, 887 Thous., K-11
1852 $50 RE Humbert Fifty Dollar, 887 Thous. AU58 PCGS. K-11, R.5. Few coins are as iconic of the Old West than the fifty dollar "slug" issued by the United States Assay Office. Those heavy coins were the principal means of exchange in California during the life of the Assay Office, which extended from 1851 to 1853. The tenor of the Assay Office pieces was uncontested, unlike many of the private gold coins that preceded it. Coins from defunct firms such as Baldwin & Co. and Norris, Gregg & Norris were rejected in commerce, and melted for a profit by shrewd California bankers. Perhaps the Assay Office fifty dollar pieces were too successful, since it was difficult to secure small change until late in the 1850s. What silver coins existed, regardless of country of origin, tended to end up at the U.S. Customs Office, which declared gold dust to be unacceptable for payment of duties.

While the Assay Office slugs were common in commerce during the early 1850s, such pieces were roughly handled and often spent years in circulation. Once the Federal Mint opened in 1854, innumerable Assay Office slugs met their demise in Mint furnaces, in favor of more fungible U.S. gold coins. Despite large mintages for the 1852 Humbert fifty, few Uncirculated examples have survived. PCGS has certified no pieces as Mint State. While the present coin shows light wear on the rock and the eagle's shield, plenty of luster shimmers from protected regions, particularly on the reverse. The rims and fields have also largely escaped the bruises, scratches, and heavy abrasions typically seen on these historic coins. There are also no signs of tooling, an endemic problem for territorial gold. The winning bidder will have a true trophy coin, a cornerstone to an important collection of Western gold. Listed on page 381 of the 2014 Guide Book. Population: 2 in 58, 0 finer (6/13). (PCGS# 10217)

View large image(s) of this item

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

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
884,344
bidder-members
$1,009,422,269
sold in the last year
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
Only 5 days left to consign to the 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills!
Learn About Consigning With Us
From my experience, you conduct and operate the auction in a very professional manner.
J.D. ,
Lakewood, CO
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $13,399,663
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED SO FAR $9,114,134
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,849,934