Goldberg Coins and Collectibles

Sale 62

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Lot 2406

1852 Wass, Molitor & Co. (San Francisco) $10 Gold. Large head. Wide Date. NGC graded Unc Details, repaired, altered surface. Count Samuel C. Wass and Agoston P. Molitor were Hungarian compatriots during their native country's war for independence. Both had acquired considerable practical knowledge of mining at the School of Mines of Germany, and they had subsequently worked the mines in Hungary before they were exiled by the Austrians. Wass emigrated to California in October 1850; Molitor in 1851.

As early as April 1851, great inconvenience was experienced in the financial community of San Francisco. No private mints were operating, and the United States Assay Office was issuing only the cumbersome $50 slugs, which were discounted up to 5 percent when making change. At the same time, the city merchants had been appealing to the United States Assay Office to issue smaller denominations, but Moffat's requests for such authority were rejected. Wass, Molitor stepped in to fill the need.

Evidently the reverse dies for the 1852 $10 gold were obtained from Dubosq & Co. as they appear to be identical. Moffat & Co., operating for the United States Assay Office, also coined issues in 1852. These issues filled the monetary needs of the area for some time as no Wass, Molitor & Co. coins were struck bearing 1853 or 1854 dates.
Estimated Value $3,500 - 4,000.

Realized $5,750

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