Lot 2407
1855 Kellogg & Co. (San Francisco) $50 Gold. (2001) "Restrike". PCGS graded Proof 67 Deep Cameo. Struck in 2001 from the S.S. Central America's recovered Kellog & Co. gold bars. Actually struck off the original dies, not from the transfer dies which carry the 2001 date and day of issue. Only 7 coins struck, this being the seventh example. First time ever offered to the public either at auction or privately. The PCGS holder has the gold foil tag that further differentiates this issue.
Concerning the original $50 Kellogg coins, no mintage records are known for this issue. Numismatists believe perhaps 20-25 coins were struck, all as Proof presentation pieces. Three were retained by the minter, John Glover Kellogg at the time of issue. Many prominent collectors acquired examples of the Proof Kellogg Fifty Dollar gold pieces from the same dies that struck this remarkable Proof restrike. They include Virgil Brand, Andrew Zabriskie, George Earle, and John Beck among others. Some numismatists justifiably refer to this issue as the "King of Territorial Gold."
Estimated Value $25,000-UP.
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| Realized $34,500 |
