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    1855 Kellogg & Co. Twenty, AU55
    Rare K-3a Variety

    1855 $20 Kellogg & Co. Twenty Dollar, Medium Arrows, K-3a, R.6, AU55 NGC. Kellogg & Company was in operation from December 1853, through 1855, beginning business right after the close of the United States Assay Office on December 14, 1853. The U.S. Assay Office ceased operations to prepare for the opening of the San Francisco Mint, which was to occupy the same structure. The federal branch mint did not become operational until April 1854, and during the interim, Kellogg & Company filled the needs of bankers and gold depositors as a private coiner and assayer. However, the firm continued in operation well into 1855. During this later period, the San Francisco Mint's coinage operations were intermittent due to shortages of the refining and parting acids needed to convert raw bullion into the federal coinage alloy. Kellogg & Company (as well as Wass, Molitor & Company) supplied provisional gold issues and assaying services to the city, alleviating the financial stress of the banking sector which otherwise would not have had sufficient gold coin to pay depositors.

    Of all the twenty dollar gold pieces produced by Kellogg & Company from 1854 to 1855, K-3a is the rarest. The design is similar to that of the U.S. Assay Office twenty dollar pieces produced in 1853 under Curtis, Perry, and Ward, and it is possible that the same reverse dies were used by Kellogg & Company, since John G. Kellogg was previously an employee of the U.S. Assay Office until its closure in 1853 -- it is possible that he brought the dies with him to his own firm. This Choice AU example of K-3a is sharply detailed, with bright green-gold color. A few scattered abrasions are present, but none are individually detracting. Listed on page 395 of the 2016 Guide Book.
    From The Twin Peaks Collection.

    Coin Index Numbers: (NGC ID# 6J5X, PCGS# 10225)

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

    View all of [The Twin Peaks Collection ]

    Auction Info

    Auction Dates
    July, 2015
    9th-12th Thursday-Sunday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
    Page Views: 1,187

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