LOT #5782 |
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1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 887 Thous. MS63 NGC. K-7, R.4....
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Sold on Aug 7, 2014 for:
$176,250.00
Bid Source: Live: Floor bidder
Description
1851 Humbert Fifty, MS63
Reeded Edge, 887 Thous., K-7 Variety
Tied for Finest Certified
1851 $50 RE Humbert Fifty Dollar, Reeded Edge, 887 Thous. MS63
NGC. K-7, R.4. The large octagonal 50 dollar slugs issued by
the U.S. Assay Office (Augustus Humbert, assayer) in 1851 and 1852
are certainly the most easily recognizable coins of the Gold Rush
period. They were struck in several varieties over this two year
period, in both lettered edge and reeded edge formats. The present
coin represents the K-7 variety, with a reeded edge and 887 Thous.
fineness. The K-7 is differentiated from its K-6 counterpart (which
shares the same obverse) by the smaller concentric circles on the
reverse and the outer ribbon placed further from the edge.This remarkable Select specimen is tied for finest-certified honors, as the PCGS Population Report lists one coin in MS63, with none finer, and NGC has graded six coins at the Select Level, with none finer (6/14). Actually, we suspect the NGC totals may be inflated by resubmissions, as we can find only one auction record of an 1851 Reeded Edge, 887 Thous. Humbert fifty in MS63 condition in our Auction Archives, and that piece was a K-6 example.
The coin offered here displays well-detailed design elements, with just a touch of the usual softness on the central obverse. The vivid orange-gold surfaces show a few highlights of lilac, with vibrant mint luster on both sides. Only a few minor edge bruises and contact marks prevent an even higher grade. The current prices realized record for a Humbert fifty was recently set by the MS62 PCGS K-6 specimen in lot 5621 of the FUN Signature (Heritage, 1/2014), which brought $440,625. We expect this higher-graded example of a slightly scarcer variety will generate even greater competition when this lot is called.
From The Charles G. Wright Family Collection.
Coin Index Numbers: (NGC ID# 6J5M, PCGS# 10214, Greysheet# 11786)
View all of [The Charles G. Wright Family ]
Auction Info
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago #1208 (go to Auction Home page)
Auction Dates
August, 2014
5th-9th
Tuesday-Saturday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 1,208
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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