Lot 1780
1851 U.S. Assay Office-Humbert $50 "slug", 880 THOUS. Reeded edge. PCGS graded EF-45. Nice details and lightly toned. An historic artifact of the California Gold Rush with a few light edge knocks (as typical), reddish toning on both sides around the devices. Nearly fully struck, with just a hint of weakness at OF GOLD on the obverse; bold, clear date. There are several chattermarks on the eagle and in the nearby field.
The U.S. Assay Office would produce what became the highest denomination U.S. gold coin to circulate -- octagonal-shaped $50 gold coin-ingots, often referred to as "slugs." Pop 17; 23 finer. (PCGS # 10211) .
Estimated Value $27,000 - 28,000.
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| Realized $23,575 |
