Live Webcast Auction
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Price Realized:
61,687.50 USD
Shipping Not Available
Price Realized 61,687.50 USD
Date Sold 2017-01-26T00:00:00
Date(s)
12/22/2016 - 1/26/2017

Information
Lot # 257
Estimate 55,000.00 - 60,000.00 USD
Lead $50 1851 HUMBERT. REEDED EDGE 880 THOUS. PCGS AU55
Description
K-5 variety, considered to be a low R-5. These octagonal “slugs” or “ingots” are perennially popular among collectors. The presently offered AU55 is rather eye appealing, especially when you consider all that could have happened to a nearly 2.5-ounce hunk of gold intended to circulate in the rough and tumble world of the California Gold Rush era. For the most part, the details are fully defined, though, as typical for the type, there is some weakness at STATES and ASSAYER OF GOLD. The edges, the angles in particular seem to be in good shape, which even in high grade can be found with dings. Unlike many others whose original surfaces have been conserved, dipped and stripped in an effort to get a higher grade, this one has a rich, eye arresting orange-gold that is accentuated by a touch of frost below. A few tiny marks are noted, but nothing that hurts the overall eye appeal or historical allure of this important type. These “ingots” or “slugs” were struck in the U.S. Assay office in San Francisco, under the direction of Augustus Humbert. His mint operated for several years before the Federal government took over operations and eventually in 1854 opened as the official branch mint in San Francisco. Because of his reputation for honesty, Humbert’s operations put out of business many of the other assaying and minting firms that opened after the discovery of gold in California. Indeed, these “slugs” were so well received in “old west” commerce, even after the official branch mint at San Francisco poured federal issue gold coins into commercial streams, they were still widely circulated. PCGS 10, NGC 9. These Humbert $50s are rarely offered, and when they are, they bring considerable attention from advanced collectors. The last AU55 was sold in June 2011, realizing $57,500. Slightly more recently in the 2012 FUN auction, a PCGS AU53 CAC sold for $69,000. The current PCGS Price Guide value is $80,000 in AU55. No AU58 has sold in this decade, and no PCGS Mint State piece has sold since 1999! This is a very important opportunity for anyone looking to add a very attractive, high grade example to an advanced type set or for anyone who specializes in Territorial or Pioneer gold coins. We anticipate strong bidding when this one crosses the block! Certification Number 25526581 PCGS # 10211
Name The Regency Auction XX
Auctioneer
Type Live Webcast Auction
Date(s) 12/22/2016 - 1/26/2017
Auction Date/Time Info
LIVE AUCTION Thursday, January 26th 4:30 PM PT | Location: GALILEO 1005
Location
Buyer Premium 17.50% Buyers Premium
Description
Lot Viewing: Tuesday, January 24th 3 PM-6 PM PT | Location: Marco Polo 706 - By Appointment Wednesday, January 25th 9 AM-6 PM PT | Location: Marco Polo 706 Thursday, January 26th 9 AM-3:30 PM PT | Location: Marco Polo 706 Lot Pickup & Settlement: Friday, January 27th 9 AM-11AM PT | Location: Marco Polo 706 On location phone number: (732) 233-0719
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Credit cards (Visa, MasterCard and Discover) are accepted for auction payments up to $2,500.00 per invoice. Invoices and/or balances over $2,500.00 must be paid via personal or certified check, money order, or wired funds. Personal checks, money orders and cashier’s checks may be held for up to 10 business days in order to allow time for them to clear appropriate banking channels. Please email info@legendauctions.com for bank-wiring instructions and/or to provide numismatic references. RETURN POLICY All lots are sold “as is.” Lots graded by PCGS, NGC or other third-party grading services, or any lot viewed by the buyer or anyone on buyer’s behalf prior to the auction, may not be returned. This is not an approval sale. All sales of lots to the highest bidder are final. Bidders are strongly advised and encouraged to research any lots upon which they plan to bid, and to determine bids, based upon their own evaluation. Bidders assume all risks concerning and related to the grade, quality, appearance, condition, history and origin of any lot. Bidders acknowledge that coin grading is not an exact science, that it can be subjective and inconsistent and that it is possible that two parties might assess or grade the same coin differently. LRCA makes every effort to accurately describe all items offered in its sales. All items will be available for preview prior to the auction. SHIPPING Shipping costs will be billed separately and are non-refundable. Items will usually ship within 5-10 business days after payment has been received and/or funds have cleared. Coins will be shipped via Fed Ex or USPS or transported via armored carrier. The shipping charge includes fees for our third-party insurance coverage, as well as any costs incurred through the USPS or Federal Express. Any shipments made via armored carrier (Brinks, Dunbar, etc.) will be calculated and assessed at the time of shipment. 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A reserve is a price below which the auctioneer will not sell an item, or will re-purchase the item on behalf of the consignor or for LRCA. LRCA permits bids to be placed by the auctioneer, or an employee of the auctioneer, up to the pre-determined reserve set by the consignor. Legend Rare Coin Auctions' partner, Legend Numismatics, reserves the right to bid on items, for its own account and for the accounts of its clients.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 199.00 10.00 USD
199.01 - 999.00 25.00 USD
999.01 - 1,999.00 50.00 USD
1,999.01 - 4,999.00 100.00 USD
4,999.01 - 9,999.00 250.00 USD
9,999.01 - 19,999.00 500.00 USD
19,999.01 - 39,999.00 1,000.00 USD
39,999.01 - 99,999.00 2,500.00 USD
99,999.01 - 199,999.00 5,000.00 USD
199,999.01 - 399,999.00 10,000.00 USD
399,999.01 - 999,999.00 25,000.00 USD
999,999.01 - 1,999,999.00 50,000.00 USD
1,999,999.01 - 9,999,999.99 100,000.00 USD
Currency USD
Buyer Premium 17.50% Buyers Premium
Payment Terms
SALES TAX All sales are subject to applicable state and local taxes. Any lots that are picked up and/or delivered in the state of Nevada are subject to applicable state and local taxes. PAYMENT All merchandise must be paid for within TEN (10) days of the date of sale. We reserve the right to cancel any unpaid order after that time and to ban the bidder from future sales. Credit cards (Visa, MasterCard and Discover) are accepted for auction payments up to $2,500.00 per invoice. Invoices and/or balances over $2,500.00 must be paid via personal or certified check, money order, or wired funds. Personal checks, money orders and cashier’s checks may be held for up to 10 business days in order to allow time for them to clear appropriate banking channels. Please email info@legendmorphy.com for bank-wiring instructions and/or to provide numismatic references. RETURN POLICY All lots are sold “as is.” Lots graded by PCGS, NGC or other third-party grading services, or any lot viewed by the buyer or anyone on buyer’s behalf prior to the auction, may not be returned. This is not an approval sale. All sales of lots to the highest bidder are final. Bidders are strongly advised and encouraged to research any lots upon which they plan to bid, and to determine bids, based upon their own evaluation. Bidders assume all risks concerning and related to the grade, quality, appearance, condition, history and origin of any lot. Bidders acknowledge that coin grading is not an exact science, that it can be subjective and inconsistent and that it is possible that two parties might assess or grade the same coin differently. LRCA makes every effort to accurately describe all items offered in its sales. All items will be available for preview prior to the auction.
SHIPPING Shipping costs will be billed separately and are non-refundable. Items will usually ship within 5-10 business days after payment has been received and/or funds have cleared. Coins will be shipped via Fed Ex or USPS or transported via armored carrier. The shipping charge includes fees for our third-party insurance coverage, as well as any costs incurred through the USPS or Federal Express. Any shipments made via armored carrier (Brinks, Dunbar, etc.) will be calculated and assessed at the time of shipment. INTERNATIONAL SHIPPING It is not possible for LRCA to ship to some countries. Please email questions to info@legendauctions.com. Payment for all international orders is required in US funds. Please contact julie@legendauctions.com for bank wiring instructions. Customs requirements for each country are the responsibility of the buyer. All packages shipped outside of the United States will include the required customs declaration and full value of the invoice.