LOT Heritage Rare Coin Galleries  /  2004 May (CSNS) Signature Sale #346 - Session 4  / 

10588

Kellogg & Humbert Gold Assay Ingot. By far the

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
Kellogg & Humbert Gold Assay Ingot. By far the
<table><tr><td><table><tr><td>Kellogg & Humbert Gold Assay Ingot. By far the most frequently encountered of all the ingots on board the S.S. Central America, Kellogg and Humbert were a highly respected private partnership that was formed in April 1855 and remained in business until 1860. John Glover Kellogg was born on December 3, 1823, in Marvellus, Onondoga County, New York. Augustus Humbert was born on July 2, 1815, in Switzerland. Their partnership was well known for its $20 and $50 gold pieces that were created in an era in which the recently opened San Francisco mint could not keep up with demand. Kellogg was formerly associated with the highly esteemed Moffat & Co., and Augustus Humbert had previously been the United States Assayer of Gold in San Francisco. This large gold ingot has blushes of the deep reddish tarnish usually seen on these historic bars, these are mostly located on the sides of the bar. Small pieces have been sliced (as made) from the lower right corner of the face and the upper right corner of the back, this was typically done to ingots to assay their fineness prior to counterstamping. The top side reads: No. 720 / KELLOGG & HUMBERT ASSAYERS / 70.13 Oz / 902 FINE / $1307.64. On the back side the individual bar number 720 is repeated. A treasure chest and a large Bowers' treasure book (both originally sold with the ingot) accompany the lot. <BR><BR><B>Important notice:</B> Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid. <BR><BR><B>IMPORTANT ANNOUNCEMENT ABOUT RESERVES:</B> Heritage now divulges all reserves on its web site 7 days before every auction. If you want to know whether the reserve on this lot has been met, and if not, what the reserve amount is, please visit this lot page on the HeritageCoin.com web site, or email: bid@HeritageGalleries.com </span></font></td></tr></table></td></tr></table>
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