1851 $50 LE Humbert Fifty Dollar, Lettered Edge, 887 Thous...Click the image to load the highest resolution version.
Auction Preview: Preview items may not have yet been properly described or vetted, and items are posted as soon as they have a description or a picture. We are continuing to add and correct information as we approach the auction posting date, so check back here often and Contact us with any comments or suggestions.
1851 Humbert Fifty, AU58
1851 $50 LE Humbert Fifty Dollar, Lettered Edge, 887 Thous., 50
Reverse, AU58 PCGS. K-4, R.5. Ex: Simpson. Once the recently
appointed United States Assayer of Gold, Augustus Humbert, arrived
in California, he went to work assisting miners and mining
companies with the production of these large 50 dollar gold coins
that are also known as slugs, although their official name was
K-4, Lettered Edge, 887 Thous.
These lettered edge pieces were among the first gold pieces that Humbert produced. An interesting feature is that most of the design details are raised, as expected. However, the fineness "887" and the value of the denomination "50" are incuse on the obverse, and "50" is incuse on the reverse as well. The reason is simple: this issue was intended to vary in both fineness and value. That explains the raised D and C at the bottom of the obverse, so that the value could be customized depending on the weight and fineness of the gold. However, in practice, all of these pieces were standardized with a value of 50 dollars and fineness of 887 Thousands.
An impressive piece that is virtually Mint State with only a trace of rub on the highest points, this bright yellow-gold piece shows reddish patina surrounding the devices, and shows bold design definition with outstanding luster and remarkable eye appeal. Each segment of this octagonal piece has lettering on the edge: AUGUSTUS / HUMBERT / UNITED / STATES / ASSAYER / OF GOLD, / CALIFORNIA / 1851. Just 10 PCGS-certified examples of this historic coin grade between AU58 and MS62. Population: 3 in 58, 7 finer (4/20).
Coin Index Numbers: (NGC ID# ANH5, PCGS# 10208)
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
Signature®: Heritage Live®:After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)
Signature® Floor Sessions
Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 24 hours before the live session begins and continues through the session. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.