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Lot
7726

1855 $10 Wass Molitor Ten Dollar AU53 PCGS. CAC. K-6, High R.5....

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:
K-6 1855 Wass Molitor Ten Dollar
AU53, S.S. Central America Origin
1855 $10 Wass Molitor Ten Dollar AU53 PCGS. CAC. K-6, High R.5. Ex: S.S. Central America. SSCA 7290. In addition to the mass-transaction golden cargo stowed in the S.S. Central America on its last doomed voyage, the ship also carried the personal fortunes of dozens of passengers, fortunes made during the California Gold Rush and subsequent years. A small portion of that wealth, as recovered more than a century later, was held in the private gold coinage of the time. There were 89 Wass Molitor & Co. ten dollar coins salvaged from the wreck, for example, between the 1852 and 1855 issues.
This K-6 piece comes from the latter date, which features a die pair known for the circular "plug" over the final date digit. Like many of its fellows, it is poorly defined, especially at the top left obverse, but grading by surface shows undeniable reflective luster in the protected areas of the finely abraded yellow-gold surfaces. A piece of great historic importance, a reminder not only of the struggle to mine and process gold in 1850s California but also the sobering reality that even those who struck it rich were not immune from losing it all. Listed on page 376 of the 2012 Guide Book. (PCGS# 10354)

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