Sold for: Sign-in or Join (free & quick)

    Description

    1851 Humbert Fifty, AU53
    First Reeded Edge Design
    880 THOUS., K-5 Dies

    1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 880 THOUS. AU53 PCGS. CAC. K-5, Low R.5. Despite the obvious need for smaller denomination coinage in the California economy, and many importunities from local businessmen, the United States Assay Office was only legally authorized to issue fifty dollar gold pieces in 1851. Unfortunately, the demand for these coins fell late in the year, because of the lack of small change in the economy, and John Moffat noted that business in November was only half that of October. Competitor Wass, Molitor & Co. began preparing dies for smaller denomination coinage, and their coins soon began to pass at a two percent premium compared to the coins of the Assay Office.
    Some improvement in the design of the coins was achieved partway through the year, with the advent of the K-5 dies. The K-5 variety is the first design to place the inscription AUGUSTUS HUMBERT UNITED STATES ASSAYER OF GOLD CALIFORNIA 1851 on the outside border of the coin, rather than on the edge. The edge was reeded, in the manner of most precious-metal coins of the period, greatly increasing the ease of production. The fineness was listed as 880 THOUS., with the numerals raised rather than punched into the die and the ribbon ends were folded in.
    The present coin is an impressive AU53 example, with a little softness showing on the central design elements, but only a touch of actual wear. The attractive orange-gold surfaces are lightly abraded for the grade and retain much of their original mint luster. Housed in a green label holder with a gold CAC sticker. Listed on page 368 of the 2012 Guide Book. Population: 6 in 53, 16 finer (11/11).
    From The Klamath Mountain Collection. (NGC ID# ANH8, PCGS# 10211)


    View all of [The Klamath Mountain Collection ]

    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2012
    3rd-8th Tuesday-Sunday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 1,337

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $14) per lot.

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 28 days left to consign to the 2017 September 6 - 11 Long Beach Expo US Coins Signature Auction - Long Beach!

    Learn about consigning with us

    I hope to have a long relationship with Atlee and cherish her knowledge and expertise in the art field.
    Mary Kokles,
    Garland, TX
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 June 8 - 11 Long Beach Expo US Coins Signature Auction - Long Beach
    2017 June 8 - 11 Long Beach Expo US Coins Signature Auction - Long Beach
    REALIZED $10,704,183
    2017 June 22 - 23 HKINF World Coins & Ancient Coins Signature Auction - Hong Kong
    2017 June 22 - 23 HKINF World Coins & Ancient Coins Signature Auction - Hong Kong
    REALIZED SO FAR $2,942,310
    2017 June 21 - 23 HKINF World Currency Signature Auction - Hong Kong
    2017 June 21 - 23 HKINF World Currency Signature Auction - Hong Kong
    REALIZED SO FAR $1,134,243