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Lot
6619

1852 $50 RE Humbert Fifty Dollar, 887 Thous. MS62 NGC. K-...

2004 March Portland, OR Signature Sale #344

 
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Auction Ended On: Mar 26, 2004
Item Activity: 14 Internet/mail/phone bidders
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Location: Portland, OR
Description:
Desirable Uncirculated 1852 Humbert Fifty Dollars, 887 Thous.
1852 $50 RE Humbert Fifty Dollar, 887 Thous. MS62 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 splendid definition on the eagle's plumage, although the rock and olive branch are indistinct, as always encountered. A couple of trivial rim bruises and contact marks are fully appropriate for the grade. As of (2/04), NGC lists three pieces as MS62 and none finer. Listed on page 289 of the 2004 Guide Book. (#10217) (PCGS# 10217)

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