Lot 1129
1852 U.S. Assay Office $50 Gold, 900 THOUS. PCGS graded AU-50. A handsome "slug" that boasts even yellow gold color throughout, and decent rims and corners. These heavy gold slugs received quite a bit of abuse in their day and most are seen with banged up rims and corners. Demand for gold coins was extremely high in 1852, and most of these were shipped back east and remelted, or were tossed into the melting pot once the San Francisco Mint opened up in 1854. Only 23,800 were struck of this issue in early 1853, and these are dog-gone rare in high grades! A recent PCGS Population Report shows 7 graded this high, with 10 graded higher, and quite a few in lower grades, for a total of 46 pieces.
Estimated Value $12,000 - 15,000.
|
| |
| Realized $14,950 |
