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48.65 Ounce Kellogg & Humbert Gold Ingot....

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Sold on Feb 5, 2010 for:
$103,500.00 Bid Source: Internet bidder
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Description

Medium to Large Size Kellogg & Humbert
Gold Ingot, Ex: S.S. Central America

48.65 Ounce Kellogg & Humbert Gold Ingot. Kellogg & Humbert Assayers, serial number 947, 48.65 oz, 780 fineness, $784.43 face value. Medium to large size, per the classification system by Q. David Bowers in his A California Gold Rush History. Bowers devotes a solid paragraph to the unusual characteristics of this ingot (italics his):

"Inscriptions on face. 48 in weight double punched. Fineness first punched as 87, then corrected to 78 ($784.42), with erroneous under digits still visible. $ sign high, leans right, and touches upper left of 7. Vertically oriented. Reverse stamped with repetition of serial number, but in different font. One of the most amateurishly punched of the many Kellogg & Humbert ingots."


The top face also shows numerous air bubbles and weakness on the "Kellogg & Humbert Assayers" stamp. Bowers does allow, however, that the S.S. Central America ingots' individuality is core to their appeal, noting that "[s]uch idiosyncrasies make them fascinating to study."
Beyond the air bubbles, this ingot has a distinctive overall appearance. While most ingots show a measure of rust staining on one or more faces, this pieces' surfaces are bright yellow, with evidence of rust and other dark stains virtually nil. There is a milky area is present over the "78" of 780 FINE. Corner cuts are visible at the bottom right corner of the top face (relative to the punches) and its diagonal opposite on the bottom face. In sum, an attractive and distinctive example of the medium-to-large class of Kellogg & Humbert gold ingots found on the S.S. Central America. The ingot measures 42 x 98 x 22 mm

Auction Info

2010 February Long Beach, CA Signature US Coin Auction #1137 (go to Auction Home page)
Auction Dates
February, 2010
4th-7th Thursday-Sunday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 7,670

Buyer's Premium per Lot:
15% of the successful bid per lot.

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Sold on Feb 5, 2010 for: $103,500.00
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