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Blake & Co. MS Gold Ingot. 96.62 Ounces....
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Description
Blake & Co Gold Ingot
Ex: S.S. Central America
96.62 Ounces
Blake & Co. MS Gold Ingot. 96.62 Ounces. CABG-015. It may
fairly be asked why private minters and assay offices were allowed
to operate in Gold Rush California. The short answer is, it worked.
John Jay Knox wrote a lengthy summation in 1866 addressing this
question and others, which was published in The Annual Report of
the Director of the Mint. Knox's extended explanation included
these observations:"Private assayers will conduct their business much more economically than government officers, and the large quartz mills will in most cases do their own assaying, even if government offices are located in the same towns. Assayers of well established reputations will obtain from large mining corporations compensation for their services, in most cases, nearly or quite double the salaries paid by the United States, or they will earn much more in a private capacity than they will receive if in the employ of the government. The result will be, therefore, that the United States will obtain and retain only indifferent assayers and workmen, or those in its employ will endeavor to increase their pay illegitimately, thus subjecting the United States assay officers to the same charges of injustice and fraud with which private individuals are sometimes accused ... "
Blake & Co. was a well-respected assaying firm located in Sacramento. Only 33 Blake ingots were recovered from the salvage operations of the S.S. Central America, most of which were smaller-sized. This, however, is one of the large-size bars. All necessary legends are laid out vertically on the top side: No. 5212 / BLAKE & Co / ASSAYERS / SACRAMENTO / 96.62 Oz / 899 FINE / VALUE / $1795.58. Poured into mold B-04, resulting in dimensions of 55 x 124 mm and 25 mm thick. Each of the six sides shows deep coppery-colored incrustation from the rusted iron hull of the ship. A rare and important Large Size ingot from Blake & Co.
Auction Info
2019 August 14 - 18 ANA World's Fair of Money US Coins Signature Auction - Chicago #1298 (go to Auction Home page)
Auction Dates
August, 2019
14th-18th
Wednesday-Sunday
Bids + Registered Phone Bidders: 13
Lot Tracking Activity: N/A
Page Views: 1,773
Buyer's Premium per Lot:
20% of the successful bid per lot.
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