Lot 1732
1851 U.S. Assay Office $50 "slug", 887 THOUS. Reeded edge. PCGS graded Fine-15. Normal amount of light marks for this grade. An historic offering, the $50 gold pieces of the Gold Rush period served as the chief means of monetary transactions for several years, and saw hard service. Hundreds of thousands were produced, but you wouldn't know that from the surviving numbers. For once the U.S. Mint opened in San Francisco in 1854, large numbers of the Territorial Gold pieces, not only $50 slugs but all others, were gathered up and recoined into (mostly) $10 Eagles and $20 Double Eagles. Pop 14 in Fine condition (PCGS # 10214) .
Estimated Value $11,000 - 12,000.
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| Realized $11,500 |
