1855 $50 Wass Molitor Fifty Dollar MS61 NGC. CAC....
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- You may take up to four (4) months to pay the balance (monthly payments of at least 1/4th of invoice total).
- Minimum down payment is 25% within two weeks of the sale date. All down payments made beyond this 2 week window will require a 35% down payment, and the term will be shortened to 3 months.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- Heritage will maintain possession of all the lots until paid in full. Therefore, you must notify us of your intent to use our Extended Payment Plan on or before the day of the auction. All pre-shipped material must be returned to Heritage in order for the plan to be in effect.
- When you get your electronic invoice, select "other" from the payment options.
- Send an e-mail to EPPGroup@HA.com indicating the invoice number and your intention to use the Extended Payment Plan.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- You may take up to 6 months to pay the balance (monthly payments of at least 1/6th of invoice total).
- Minimum down payment is 20%.
- Payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
- Payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, bank draft, bank wire or PayPal.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Note: The extra increment won't be placed until the item is up for live bidding, so it is possible that you could be outbid by a bid placed prior to live bidding, such as another proxy bid, live proxy bid, mail bid, etc., which could result in your losing the lot by that one increment. For the same reason, it is also possible that a currently losing bid with bid protection placed could potentially win the lot once the lot is subject to live bidding and the Bid Protection increment(s) is placed.
Only One Finer Certified Example
A revolution of another kind was simultaneously taking place in the California Territory (soon to become a state, on Sept. 9, 1850, as part of the Compromise of 1850). The January 1848 discovery of gold at Sutter's Mill, 40 miles east of Sacramento, began an enormous mass migration of fortune-seekers, both by land and by sea. The gold that began to flow in ever-increasing quantities from what for a time appeared to be El Dorado, the mythical Land of Gold, had the effect of increasing the price of silver as reckoned in gold dollars. Silver coins began to be valued more than their face value and to disappear from circulation, leading to their 1853 reduction in silver content.
Various private coiners moved into California to satisfy the desperate need for a medium of exchange that was portable, reliable, and equitable both to buyers and sellers. Of the first coin issuers in 1849, none survived the first wave to reissue coins the following year. (Moffat & Co. passed the reliability test, but in 1849 the firm issued only rectangular ingots, not gold coins. And only a single Norris, Gregg & Norris piece from 1850 is marked with the word STOCKTON.)
The years 1850 and 1851 were characterized by numerous private enterprises coming into and rapidly going back out of the business of making gold coinage. Only the Moffat & Co. and U.S. Assay Office/Humbert various issues gained a good reputation or much traction with the public.
It was 1852 before Wass and Molitor, trained in the metallurgical arts in Germany and their native Hungary, began producing their first gold coinage. Many of the "weak sisters" of California gold coinage--the Dubosqs, Schultzes, Dunbars, and Baldwins--had, either rightly or wrongly, been forced out of business by 1851 when their products were exposed as a little or a lot lightweight, whether through larceny, laxness, or lack of proper technique and equipment. Wass, Molitor's original 1852 production consisted of the expected coins: five dollar and ten dollar pieces, those most urgently needed for everyday commerce. Since the coins were of full weight and fineness, they were, with the Moffat and Humbert-Assay Office pieces, among those that circulated without difficulty.
Wass, Molitor issued no coins at all dated 1853 or 1854, but 1855's production, besides tens and twenties, included a curious throwback: The 1855 fifty dollar pieces, while round rather than octagonal, hearkened back to the 1851-1852 Humbert-U.S. Assay Office fifty dollar octagonal slugs, a hated infestation in the channels of ordinary commerce. The slugs were too large for ordinary purchases, and making change for one was a nightmare. Nonetheless, the round Wass, Molitor coins were an improvement over the octagonal pieces. The round fifties saw wide acceptance, and most circulated extensively.
Today the average grade of certified survivors is only Choice Very Fine. The present coin has excellent luster radiating from the orange-gold surfaces. There is a mentionable scrape through the first 5 in the date, and what appears to be a planchet defect, likely as made, on the obverse rim at 2 o'clock. Other abrasions are minor and not overly distracting. The reverse appears choice for the assigned grade. In MS61 this piece is the single finest graded of this rare issue at NGC, which has also certified only two pieces in MS60, making three Uncirculated pieces at that service. PCGS has certified a sole Mint State example, an MS63 (6/08). Listed on page 371 of the 2009 Guide Book. (PCGS# 10363)
Service and Handling Description: Coins & Currency (view shipping information)