Welcome Sign-In | Register
Sold for: Sign-in or Join (free & quick)
includes Buyer's Premium (BP) 


Uncirculated Kellogg & Co. 1855 Twenty Dollar, MS60 NGC

1855 $20 Kellogg & Co. Twenty Dollar MS60 NGC. K-3, R.4. Long Arrows. California Gold! Even today, the name evokes greed, passion, sacrifice, and epic history. The discoveries of vast quantities of gold began in 1848 when John Marshall, a carpenter building a sawmill for John Sutter, found a flat gold nugget. By 1849 more than 80,000 forty-niners had thronged westward, increasing to 250,000 by 1853, all of them seeking elusive and mythic treasures. What gold they dredged, panned, sluiced, or otherwise coaxed out of a mixture of mud, earth, and water necessitated the speedy foundation of a local mint facility, the journey to mints "back East" being perilous for the precious metal and those who transported it.
John G. Kellogg and G.F. Richter, cashier and assayer, respectively, of Curtis, Perry & Ward, opened their own assay office at the end of 1853. They established coinage operations meant to fill the gap created during the time needed to convert the U.S. Assay Office into the U.S. Mint at San Francisco. When the branch mint opened, effectively taking over the Assay Office, its production proved highly erratic. The constant paucity of acids to part gold and silver--usually found together in the form known as bullion or doré--and a scarcity of copper with which to create a proper coinage alloy forced the mint to close on several occasions, resulting in a continual coin shortage. Kellogg and Richter filled this vacuum by issuing $20 coins, delivering 300,000 double eagles in 1854 and 1855, coins of the latter date struck after Augustus Humbert replaced Richter as assayer.
This coin is the Long Arrows variant of Kagin-3. Each arrowhead is differently shaped, and the second 5 in the date is from a different punch than the first. The central devices are bold and well executed (with KELLOGG replacing LIBERTY on the coronet), but peripheral details are not well struck up, including the second 5 in the date. Consistent with the grade, there are considerable contact marks, scuffs, and field chatter, none so pronounced that they deserve individual mention. The population reports indicate that the 1855 date in grades above XF is considerably rarer than the 1854, with consistently fewer numbers at each grade level. There is no trace of rub on any of the highpoints, and as such this piece is an incredible rarity, with the combined population reports showing five in MS60, with six finer (10/05). An important opportunity for the specialist in this historic era of U.S. numismatics.(#10225) (NGC ID# ANJ2, PCGS# 10225)

Service and Handling Description: Coin/Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
November, 2005
3rd-5th Thursday-Saturday
Internet/Mail/Phone Bidders: 7
Lot Tracking Activity: N/A
Page Views: 334

Buyer's Premium per Lot:
15% of the successful bid (minimum $9) per lot.

Heritage membership

sold in the last year

Join Now - It's Free

  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

Consignments wanted

Only 23 days left to consign to the 2016 February 3 - 8 US Coins Signature Auction - Long Beach!

Learn about consigning with us

She had just received her check, and was calling to tell me how very pleased she is with every aspect of her dealings with Heritage – your expertise and assistance, the accuracy of the estimate range, the paperwork explaining all the details, the check ar
Robb Morgan,
Glendale, CA
View More Testimonials receives more traffic than any other auction house website. To compare for yourself, visit:

Video tutorial

Getting the most out of search

Recent auctions

2015 October 29 - November 1 US Coins Signature Auction - New York
2015 October 29 - November 1 US Coins Signature Auction - New York
REALIZED $11,037,684
2015 September 17 - 22 LB Expo World Coins Signature Auction - Long Beach
2015 September 17 - 22 LB Expo World Coins Signature Auction - Long Beach
REALIZED $5,216,239
2015 October 21 - 24 Eric P. Newman Collection Part VII Currency Signature Auction - Dallas
2015 October 21 - 24 Eric P. Newman Collection Part VII Currency Signature Auction - Dallas
REALIZED $2,890,826

© 2015 Heritage Auctions | All Rights Reserved