There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
5256

1855 $50 Wass Molitor Fifty Dollar AU50 NGC. K-9, R.5....

2011 June Long Beach Signature US Coin Auction #1156

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jun 3, 2011
Item Activity: 12 Internet/mail/phone bidders
3,254 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

Historic 1855 Wass, Molitor Fifty Dollar, K-9
Last of This Largest-Issue Gold Rush Denomination
1855 $50 Wass Molitor Fifty Dollar AU50 NGC. K-9, R.5. In 1855 San Francisco, two firms, Kellogg & Humbert (usually just called Kellogg & Co.) and Wass, Molitor & Co., each produced 1855-dated fifty dollar gold coins. The pieces were manufactured in a round format, unlike the piquant octagonal fifties dated 1851-52 of Augustus Humbert and the U.S. Assay Office.
However, Kellogg & Co. issued their twenty dollar gold pieces dated 1855 in considerable quantity, based on die evidence and surviving specimens -- several different obverse and reverse dies are known, and they are relatively available for a Territorial gold issue. On the other hand, the Kellogg-Humbert fifty dollar round coins apparently never got past the pattern stage. Only a handful are known (11 per Kagin, 13-15 per the 2012 Guide Book), and all known examples appear to be in proof format, per both references.
The foregoing makes the Wass Molitor fifty dollar gold coins dated 1855 the last fifties produced during the California Gold Rush that are considered collectible. Their R.5 ranking implies that, for a Territorial gold coin issue at least (most of which have been melted long since, regardless of issue, including many melted shortly after their production for recoinage at the San Francisco Mint into federal-style gold), there is a moderate chance for collectors to occasionally snag a nice, high-grade piece such as the current coin. This is a particularly attractive, problem-free example of a Wass Molitor fifty. The surfaces are bright yellow-gold with a noticeable outline of reddish patina surrounding the devices on each side. Both sides have a number of small to medium-sized abrasions, but none are particularly large or distracting. Listed on page 377 of the 2012 Guide Book.
From The Virginia Beach Collection. (PCGS# 10363)

View all of [The Virginia Beach Collection ]
View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

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

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
908,032
bidder-members
$974,940,578
sold in the last year
VIEW BENEFITS
  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
    winnings 
CONSIGNMENTS WANTED
Only 19 days left to consign to the 2015 January 28 - February 2 Long Beach Expo US Coins Signature Auction - Long Beach!
Learn About Consigning With Us
I just have to say that you have great people -- who take care of things instantaneously! Very impressive.
M.,
Woodland Hills, CA
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 November 14 - 15 Selections from the Eric P. Newman Collection Part V US Coins Signature Auction - New York
2014 November 14 - 15 Selections from the Eric P. Newman Collection Part V US Coins Signature Auction - New York
REALIZED $10,408,819
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED $9,040,554
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,817,724