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Lot
3691

1855 $20 Kellogg & Co. Twenty Dollar AU58 NGC. Medium Arrows, K-3a, R.6....

2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143

 
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Auction Ended On: Aug 11, 2010
Item Activity: 4 Internet/mail/phone bidders
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Location:

Hynes Convention Center
900 Boylston Street
Boston, Massachusetts 02115

Description:
1855 Kellogg & Co. Twenty Dollar, AU58
Rare Medium Arrows Variety, K-3a
1855 $20 Kellogg & Co. Twenty Dollar AU58 NGC. Medium Arrows, K-3a, R.6. In 1855, the San Francisco Mint was just beginning operations, and experienced a shortage of parting acids needed to coin 900 fine gold. The facility soon had a backlog of bullion to be coined, and merchants turned to two local private coiners, Kellogg & Co. and Wass Molitor. Much of the output of those firms was eventually melted and recoined as federal double eagles.
While the surfaces are mildly abraded, this is an extremely attractive and nicely detailed Kellogg "double eagle." Although not identical, the design is similar to the federal issues of this period, although with different inscriptions and slightly different device treatments. This splendid example has brilliant yellow-gold luster with a trace of green coloration. The final 5 in the date is only partially complete, probably from a lapped or polished die. Listed on page 378 of the 2011 Guide Book. (PCGS# 10225)

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