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LOT #2171  | 
Sold on Jul 31, 2008 for: Sign-in or Join (free & quick)

Kellogg & Humbert MS Gold Faceplate....

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Sold on Jul 31, 2008 for:
$40,250.00 Bid Source: Internet bidder
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Description

Huge Kellogg & Humbert Faceplate
Original Weight: 442.05 Ounces

Kellogg & Humbert MS Gold Faceplate. Original Weight: 442.05 Ounces. In terms of the increase of knowledge and collectibility, the discovery of the gold ingots from the S.S. Central America is unparalleled in modern numismatics. More than 500 ingots were recovered, a number that roughly doubled the number known to have survived the Gold Rush. This was the ninth largest ingot salvaged. The largest, weighing more than 933 ounces and known as the "Eureka," sold privately for $8 million.
Ingots were the monetary base used in California in the early 1850s. After the Gold Rush began and the local economy was overwhelmed with gold dust, there was a pressing need for gold that could be assayed and weighed. This would, of course, yield a reliable value rather than relying on the old "pinch" system. Of the more than 500 ingots on board the Central America, more than half are from Kellogg & Humbert, an assayer of impeccable reputation.
This faceplate has the various required imprints well-spaced. It reads: No 561 / Kellogg & Humbert logo / 442.05 Oz / 840 FINE / $7675.88. The company logo is repeated at the bottom but the left side is not brought up because of irregularities in the casting. Considerable deep reddish patina is scattered over the top and along the side, caused by decomposition of the wooden hull and the chemical breakdown of its organic material that can produce acids. The plate measures 93 x 225 mm. Actual weight: 33.54 Troy ounces.

Coin Index Numbers: (PCGS# 661930)

Auction Info

2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114 (go to Auction Home page)
Auction Dates
Jul-Aug, 2008
30th-3rd Wednesday-Sunday
Bids + Registered Phone Bidders: 9
Lot Tracking Activity: N/A
Page Views: 1,346

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

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Sold on Jul 31, 2008 for: $40,250.00
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