LOT #3379 |
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1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 880 Thous. AU55 NGC. K-5, R.4....
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Sold on Jan 14, 2026 for:
$67,100.00
Bid Source: HA.com/Live bidder
Description
1851 Humbert Fifty Dollar, K-5, AU55
Well-Preserved and Lustrous
1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 880 Thous. AU55
NGC. K-5, R.4. New dies by Albrecht Kuner allowed regular
mintage of the octagonal fifties without additional punching of
lettering or numbers. While the old dies were versatile to allow
customized denominations it was clear the fifty dollar pieces would
be the only denomination needed for the moment. The reeded edge
eliminated the need for any edge device and the FIFTY DOLS. above
the 1851 date numerals allowed the robust engine-turned reverse was
less susceptible to wear. Not much could solve the heavy weight of
these octagonal pieces and the octagonal design invited rim and
corner dings. Because circulating gold coinage was in dire shortage
throughout the West Coast, the cumbersome slugs joined everyday
commerce and created disdain throughout the region that was
desperate for smaller denomination gold coin and deprived of even
the private mints debased coinage under scrutiny by James King of
William's revelations based on Augustus Humbert's assays of the
private minters. Bankers and merchants refused to accept private
coins at par. Soon, only Moffat and Company retained the trust of
bankers and the public at large. buoyed by their United States
Assay Office contract. This Choice About Uncirculated Kagin-5
example features 880 Thous. gold bullion struck by the Kagin-5
dies. Unabraded, partially reflective fields display sharp edges
and minimal corner contact. The orange-gold surfaces retain
pleasing golden luster and the devices show only light wear and
minor high-point strike weakness as nearly always present for the
issue. Eye appeal for this classic Territorial gold fifty is
terrific. Among the 100 Greatest U.S. Coins. Listed on pages
392 and 393 in the 2026 Guide Book. NGC Census: 7 in 55, 26
finer (12/25).From The Presidio Collection.
Coin Index Numbers: (NGC ID# 6J5L, PCGS# 10211, Greysheet# 11785)
View all of [The Presidio Collection ]
Auction Info
2026 January 14 - 17 FUN US Coins Signature® Auction #1390 (go to Auction Home page)
Auction Dates
January, 2026
14th-17th
Wednesday-Saturday
Bids + Registered Phone Bidders: 30
Lot Tracking Activity: N/A
Page Views: 417
Buyer's Premium per Lot:
22% of the successful bid per lot.
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