Lot 4892
1854 Kellogg & Co. (San Francisco) $20 Gold. PCGS graded MS-61. A boldly struck coin. Lightly toned. Sleek golden in color seesaws with an occasional hint of greenish yellow toning, the surface condition causes us to commend the coin to one and all since it escaped the usual heavy bagmarking and alloy-impurity streaks seen on many Territorial issues. The hallmark of Kellogg & Company coins is their sharp detail and accurate images that borrowed from the regular Federal gold coins. Much as the luster is superior in so conservative a grade as Mint State 61, so too is the strike: the dies left their rigid impression behind with clear precision, indeed, incredible precision when one accounts for the stars, the waves of hair, the coronet and its lettering, and the Kellogg rendition of the standard ornate reverse. The capacity of minting done by the Kellogg people was remarkable in its day. Sadly, many of these handsome, private $20 gold pieces were eventually melted and sent to the San Francisco Mint for recoinage into standard U.S. gold denominations. Recently graded and new to the PCGS Population Report. Pop 4; 3 finer; 2 in 62; 1 in 64. (PCGS # 10222) .
Estimated Value $22,000 - 24,000.
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