Lot 1217
1855 Kellogg & Co. (San Francisco) $20 Gold. NGC graded MS-60. Struck in natural greenish-yellow gold, this desirable uncirculated example contains numerious small marks from contact with other coins. A very high grade example and among the finest we have handled in years. NGC reports only 5 in this grade with 1 in MS-61 and 2 in MS-62. A very popular Territorial issue and much scarcer than the 1854 issue.
When the U.S. Assay Office closed operations, no private firm was striking gold. The San Francisco Mint opened in 1854, but because of a shortage of parting acids could not yet completely fulfill the local demand and this shortage was taken up by Kellogg & Co.
Estimated Value $9,000 - 11,000.
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