2005

1851 Augustus Humbert $50 Kagin-6 887 THOUS Target Rev Octagonal. Reeded Edge Rarity-4 AU-58 NGC CAC

Currency:USD Category:Coins & Paper Money / Collections Start Price:18,500.00 USD Estimated At:55,000.00 - 75,000.00 USD
1851 Augustus Humbert $50 Kagin-6 887 THOUS Target Rev Octagonal. Reeded Edge Rarity-4 AU-58 NGC CAC
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Somewhat satiny in appearance at arm’s length with only a few light marks present to the unaided eye. The central eagle device is soft on its highest points, and is typical of this variety. A bright light source reveals lively peach and orange-gold iridescence throughout the protected areas. The rims of this specimen fared well before being plucked from circulation – only a few minor knocks are noted. An altogether pleasing example of a popular variety that is often selected by collectors who desire only one Humbert “slug” for their collection.
The reeded edge also had the advantage of deterring the “shaving” of the edges off the heavy gold pieces. The reeding easily revealed if someone had tampered with the coin to remove some of the precious metal as was often done with the lettered edge coins.
This variety is much rarer than originally thought. In fact in our 45 years of research we have been able to identify less than two dozen mint state specimens. And this specimen is about as aesthetically pleasing as one will find on a non-mint state “slug”.