LOT #3982 |
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1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 887 Thous. -- Edge Damage -- NGC Details. XF. Kagin-6, R.4....
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Sold on Aug 14, 2019 for:
$22,800.00
Bid Source: HA.com/Live bidder
Description
1851 Humbert Fifty Dollar, XF Details
K-6, 887 Thous., Reeded Edge
1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 887 Thous. --
Edge Damage -- NGC Details. XF. Kagin-6, R.4. Until 1852, the
United States Assay Office of Gold issued no denominations less
than fifty dollars, causing consternation and ridicule among the
Gold Rush banking industry, merchants, and the public at large. The
eight-sided gold ingots were a convenient target for the
complaints, although the octagonals saw heavy use and circulated
widely despite their high monetary value. Private minters stepped
into the breech, and companies such as Moffet & Co. and Wass,
Molitor & Co. provided small denomination gold to the public
sector.This octagonal fifty was issued at .877 fineness, according to Federal standards at the time. Small changes were made to the eagle design, struck with a Reeded Edge. This example is weakly struck at the left perimeter, and shows considerable wear on the central obverse devices. Light marks include a couple of edge knocks, accounting for the NGC net grade, although few circulated octagonal pieces escape without some sort of edge damage. Greenish-gold color adds to the substantial appeal of this historic Gold Rush fifty. Listed on page 402 of the 2020 Guide Book.
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: 16
Lot Tracking Activity: N/A
Page Views: 319
Buyer's Premium per Lot:
20% of the successful bid per lot.
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