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Lot
2395

1855 $50 Wass Molitor Fifty Dollar VF25 PCGS....

2010 April-May Milwaukee, WI CSNS US Coin Auction #1139

 
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Auction Ended On: Apr 29, 2010
Item Activity: 9 Internet/mail/phone bidders
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Location:

The Midwest Airlines Center
400 West Wisconsin Avenue
Milwaukee, WI 53203

Description:

1855 K-9 Wass Molitor Fifty, VF25
Scarce Private Issue With Original Surfaces
1855 $50 Wass Molitor Fifty Dollar VF25 PCGS. K-9, R.5. The long-awaited San Francisco Mint began operations in 1854, but unforeseen difficulties, such as a shortage of parting acids, prevented the facility from reaching its coinage goals. Two private firms, Kellogg & Co. and Wass Molitor, responded to a public request to supply additional coinage until Mint production could satisfy the needs of the regional economy. The two firms produced a variety of denominations including the impressive round fifty dollar pieces in 1855.
This attractive example shows heavier wear on the figure of Liberty on the obverse than on the reverse devices. Several large reeding marks are present on each side. The surfaces are original, with orange-gold color in the fields and deeper russet-charcoal outlining the design elements. Listed on page 373 of the 2010 Guide Book. Population: 3 in 25, 48 finer (3/10). (PCGS# 10363)

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