Lot 937
1851 Assay Office $50 "slug" 887 THOUS. Target Reverse. Reeded Edge. Augustus Hum. This is one of the famous 2½ ounce behemoths from the height of the California gold rush era. Once a mint was established at San Francisco (1854), many of these and other Territorial pieces were melted and reissued as federal coinage. NGC graded AU-50.
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