Lot 1393
1852 U.S. Assay Office $10 Gold, 884 THOUS. PCGS graded AU-55 PQ. Housed in an Old Green Holder. Light golden surfaces with almost none of the expected abrasions and hairlines found on most of these. The color is mainly light except for some pleasing amber shading towards the extreme edge. Any wear from circulation is barely noticeable and contained to the tips of the wings, eagle's neck along with some shield lines. We are also pleased to see the rims are in outstanding condition, free of problems. There is a complete word LIBERTY on the scroll, which is sometimes found weak due to its placement where circulation abrasion first occurs. Strong 884 THOUS. on scroll. These issues were produced for a reason, and circulation was definitely in the cards of most of Territorial issues that were struck. The U.S. Assay Office had the role of "normalizing" barter and commerce in this region before a Federal mint could be established. It did this by providing assay services and coinage that were more consistent, reliable and more heavily favored by the public (at the expense of previous dealers and bankers profit margins). A pleasing AU55 example, hence our Premium Quality determination. And an historic Territorial gold coin struck from Gold Rush gold by a firm that was the basis for the San Francisco Mint that replaced it in 1854. Pop 29; 29 finer (PCGS # 10001) .
Estimated Value $14,000 - 15,000.
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