2008

1852 Augustus Humbert $50 Kagin-13 887 THOUS Target Reverse Octagonal Reeded Edge Rarity-5 MS62 CAC

Currency:USD Category:Coins & Paper Money / Collections Start Price:35,000.00 USD Estimated At:100,000.00 - 200,000.00 USD
1852 Augustus Humbert $50 Kagin-13 887 THOUS Target Reverse Octagonal Reeded Edge Rarity-5 MS62 CAC
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An important Condition Census Humbert $50 “ingot” that will set one fortunate bidder distinctly apart from the pack at hammer time. This impressive medium gold specimen is alive with luster in the satiny fields and across the design motifs. A wealth of pale peach-orange iridescence is present on both sides. The rims are intact with very few disturbances of any size, and marks are such that no single blemish immediately calls to the viewer’s eye. From a fresh and early state of the obverse die with raised die polish lines throughout the field.
In February, 1852, John Little Moffat retired from Moffat & Co. which was then under contract to produce coins for the U.S. Assay Office. His partners, Joseph R. Curtis, Philo H. Perry, and Samuel H. Ward formed the United States Assay Office of Gold, and assumed the government contract to issue gold coins and ingots. Augustus Humbert was instructed by Secretary of the Treasury Corwin to continue in his capacity as U.S. Assayer while working with Curtis, Perry and Ward, while at the same time, Customs Collector T. Butler King was informed by Corwin to accept the coinage of the new Assay Office in receipt for custom payments.
We know of only six mint state specimens (we believe the population reports are counting resubmissions) and only one that appears as nice as this. This will likely prove one of the highlights of this specialized collection, especially for that “fortunate bidder” we mentioned earlier.
NGC Census: 1; 2 finer (MS-64 finest).