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Lot
7724

1853 $10 Assay Office Ten Dollar, 884 Thous. AU50 PCGS. CAC. K-15, R.7....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 10 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
Extremely Rare 1853 Assay Office Ten
K-15, 884 Thous., AU
1853 $10 Assay Office Ten Dollar, 884 Thous. AU50 PCGS. CAC. K-15, R.7. The 1853 U.S. Assay Office ten dollar coins are surpassing rarities in the Territorial gold series. Few were made in the first place, and it appears that a smaller percentage of those coins were saved for posterity in comparison to the larger and more memorable fifty dollar octagonal pieces of the same firm, made in the heady 1851-52 timeframe (a few spilling over into early 1853, although dated 1852). The Breen Complete Encyclopedia maintains that almost the entire production of the Humbert-U.S. Assay Office was in the form of fifty dollar slugs, while a considerable number of twenty dollar gold pieces and few ten dollar pieces were minted.
Kagin gives the 1853 K-15 Assay Office ten a rarity rating of R.7, meaning that less than a dozen survive of this particular variety. The K-16 900 Thous. tens of 1853 are considerably more obtainable, rated Low R.6 or perhaps as many as 30 surviving.
This is the first example of the K-15 that we have offered since 2007. This beautiful, lightly circulated coin exhibits prevailing orange-gold color accented with glints of lilac and golden-brown around the device outlines. There are few contact marks of any size, and the entire package is high-end and eye-appealing. This truly rare Territorial gold coin is listed on page 370 of the 2012 Guide Book. (PCGS# 10004)

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