LOT Old Heritage Auctions  /  2008 February Long Beach Signature Coin #460  / 

2859

1851 $50 RE Humbert Fifty Dollar, 887 Thous.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:80,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1851 $50 RE Humbert Fifty Dollar, 887 Thous.
<B>1851 $50 RE Humbert Fifty Dollar, 887 Thous. MS60 NGC.</B></I> K-7, R.7. This is the Kagin-7 variety, featuring the obverse of 1851 with 887 THOUS., combined with the Reverse of 1852. The reverse of this variety shows tighter, smaller concentric rings near the center, compared to those of the Kagin-6 version. The outer ribbon is also somewhat different than on K-6, and is further from the edges of the coin. These hefty 50 dollar "slugs" first appeared in San Francisco with the arrival of Augustus Humbert. Humbert's ship docked on January 30, and the first Humbert coins were struck the following day, on January 31, 1851. Since Humbert had been appointed as United States Assayer, the large 50 dollar pieces bearing his name were the first United States coinage to be produced in California, although they continue to be classified as examples of "Territorial" gold. This specimen is highly lustrous and presents a radiant, satiny sheen across the green-gold surfaces. A rim bump is noted near 10 o'clock on the obverse, and a few small to moderate abrasions are observed that prevent an even finer grade assessment. Finding an example of this issue in Uncirculated condition is no small feat, however, as a mere 21 pieces have received Mint State grades from NGC and PCGS combined, as of (1/08). Listed on page 353 of the 2008 <I>Guide Book</B></I>. <BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot