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    1852 U.S. Assay Office of Gold Fifty, XF40
    K-14, Emergency Issue Delivered in 1853

    1852 $50 Assay Office Fifty Dollar, 900 Thous. XF40 NGC. K-14, High R.5. The arrival of new machinery enabled the U.S. Assay Office to produce ten and twenty dollar gold pieces in large quantities under the direction of Curtis, Perry, and Ward, and foreshadowed the demise of the cumbersome fifty dollar octagons in everyday commerce. However, the oft-maligned fifty dollar "slugs" were still preferred for some customs payments and bank-to-bank transactions.

    "Emergency" deliveries of 13,800 fifty dollar pieces were made in January, 1853 and another 10,000 pieces in February, 1853 of the 1852-dated coins. Struck with the mandated .900 fineness, these coins were the last of their type. This example shows the "ribbon folding out" design and sharp rims. Numerous marks from transport and handling are small and expected for the assigned XF grade, but do not interfere with the coin's original appeal. Orange accents and slight luster remain over the attractive, medium-gold surfaces. Listed on page 387 in the 2015 Guide Book. Census: 4 in 40, 50 finer (12/14).

    Coin Index Numbers: (NGC ID# ANHH, PCGS# 10019)

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    January, 2015
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 1,020

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