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Sale 117
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Lot 1300
(1855) $50 Kellogg Original Restrike using the actual $50 dies from 1855. PCGS graded Proof 67 Deep Cameo. The two incredible original Territorial gold dies were oiled up and used to strike only Seven (7) coins from gold from some of the original massive gold bars recovered from the S.S. Central America shipwreck. This is not to be confused with the near 5,000 $50 Kellogg pieces which were created by using these original dies to make transfer dies, and have the date stamped above the eagle and 8-20/9-12 were struck under the auspices of the California Historical Society as noted on the long ribbon held in the eagle’s beak. Clearly this is a far more historic restrike with such limited numbers struck. Notice the fine microscopic die cracks meandering around the reverse in the legends. As the condition of these original dies showed the fine die cracks on the reverse, the talented Ron Landis (Gallery Mint fame) was brought in. Landis was able to put iron braces around the original dies to ensure they wouldn’t crack further and was able to raise new hubs from them in order to create the dies for the restrike coinage. Furthermore, there is slight rust evidence on Liberty’s bust which is present on these original die restrikes whereas Landis was able to remove the rust by grinding it off the raised hubs he created. There is no reference to the California Historical Society on these seven coins, as that reference was added only to the new transfer dies. The original die was treaded with a high quality oil, and the coins were struck on finely polished gold planchets with incredible precision. PCGS has only graded two of these, the present coin as PR67 DCAM. A more historical representation of this important period in our history and the vast efforts at recovery done by the modern teams that worked together would be difficult to imagine. This offering presents the avid collector of shipwreck coinage with an exceptional opportunity to secure a great rarity. One of the originals in this condition would certainly cost over $2,000,000. An affordable opportunity to improve to a territorial collection. Pop 1 in Proof 67 Deep Cameo. Only 2 graded by PCGS. In a special holder with gold foil. Cert#40381169. Estimated Value $50,000 - UP
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| Realized $36,000 |
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