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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

    Auction Dates
    August, 2019
    14th-18th Wednesday-Sunday
    Bids + Registered Phone Bidders: 13
    Lot Tracking Activity: N/A
    Page Views: 1,415

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    I wish to extend our appreciation to you for over $925,000.00 realized from the above subject auction. This amount realized was approximately $110,000.00 more than we anticipated.
    Federal Deposit Insurance Corporation,
    Newport Beach, CA
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