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Lot
2087

1855 $20 Kellogg & Co. Twenty Dollar MS62 NGC....

2009 May Long Beach, CA Signature US Coin Auction #1125

 
Sold for: Not Sold
Auction Ended On: May 29, 2009
Item Activity: 3 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Formidable K-3a MS62
1855 Kellogg & Co. Twenty
1855 $20 Kellogg & Co. Twenty Dollar MS62 NGC. Short Arrows, K-3a, R.6. In 1855, the federal Mint in San Francisco was just beginning operations, and had 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 dies were well-used, as evidenced by minor rim breaks, especially on the obverse. The final 5 in the date is only partially complete, probably from a lapped or polished die. Listed on page 372 of the 2009 Guide Book. Census: 2 in 62, 0 finer (4/09).
Ex: Long Beach Signature (Heritage, 9/2004), lot 7349. (PCGS# 10225)

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