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

Description

Wass Molitor Slug, K-9, VF25 PCGS

1855 $50 Wass Molitor Fifty Dollar VF25 PCGS. K-9, R.5. In addition to Twenty Dollar gold pieces, the firm of Wass, Molitor, & Company on Merchant and Montgomery Streets, San Francisco also issued Fifty Dollar slugs in 1855. To help fill the gap created by the temporary suspension of coinage at the San Francisco Mint, the private mint produced $38,000 in Twenty and Fifty Dollar coins each day beginning at the end of March. Coinage operations ceased entirely sometime before the end of the year.
The only round slugs issued in Gold Rush California, the Wass Molitor pieces were much more popular than their octagonal predecessors from the United States Assay Office of Gold. (It was these octagonal examples that flooded the economic channels of California during 1851; their unpopularity helped convince Wass and Molitor that there was money to be made in the production of smaller denomination gold coins). Kagin (1981) even states that the 1855 Wass Molitor Fifties also circulated in other parts of the United States.
This mid-grade survivor is a little bright with orange-gold coloration. There is actually quite a bit of remaining detail for the VF25 designation, although both sides are abraded with several moderate distractions. Several scrapes around the denomination on the reverse are seen on each side, defects one would expect from these 2 1/2 ounce circulating slugs of gold. Listed on page 298 of the current Guide Book.
From The Estate of Jack L. Klausen. (PCGS# 10363)

View all of [The Estate of Jack L. Klausen ]

Service and Handling Description: (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
September, 2002
26th-28th
Internet/Mail/Phone Bidders: 5
Members Tracking: N/A
Page Views: 358

Buyer's Premium per Lot:
15% of the successful bid (minimum $6) per lot.

Heritage membership

941,099
bidder-members
$883,430,746
sold in the last year

Join Now - It's Free

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

Consign to the 2015 December 10 - 12 World Coins Signature Auction - Hong Kong.

Learn about consigning with us

This is why I like purchasing from Heritage, you are so customer oriented and with your size and my meager purchases it always amazes me how quickly you respond.
Ken Nelson,
Moulton, AL
View More Testimonials

HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com

Video tutorial

Getting the most out of search

Recent auctions

2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN
2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN
REALIZED $8,332,129
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
REALIZED $6,503,481
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
REALIZED $10,592,191

© 2015 Heritage Auctions | All Rights Reserved