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Obverse of 1851 Augustus Humbert $50     Reverse of 1851 Augustus Humbert $50


1851 AUGUSTUS HUMBERT $50

Variety Equivalents:  

Diameter: ± millimeters

Metal content:
Gold - 
Other - 

Weight: ± grains

Edge: Reeded

Notes:

Images courtesy of Superior Galleries

Recent appearances:
SEGS AU-55 (illustrated above).  Ex - Superior Galleries' "Pre-Long Beach Sale" May 27-29, 2001, Lot 4249, where it was described as follows: "1851 Augustus Humbert $50 Gold or "Slug." Reeded Edge. Target Reverse. 887 THOUS. About Uncirculated 53. In an SEG holder marked as About Uncirculated 55, two points higher than we grade it, but two points, many may point out, is mere quibbling for a coin of this distinction, this notoriety, this heft! For the truth of the matter is, a $50 slug weighs close to two and a half ounces of gold, being the largest coin circulated at the time of the California gold rush.  It wasn't called a coin in those days, we ought to warn you, but instead was referred to in newspaper accounts and on the mint's books as a $50 ingot.  Ingot or coin, it has all the charm and romance of its gold rush heritage. This particular slug (we skirt the coin/ingot controversy by calling it by its true name) has nice corners, nice surface, and better than average strike wherein all lettering is readable with the sole exception of AUGUSTUS.  These were issued in the hundreds of thousands but most were later taken up and melted once the mint at San Francisco opened for business in 1854. Today, a slug in this condition, with this eye appeal, is sure to elicit much attention."

EF-40, sharpness of AU-50, lightly cleaned.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 900, "887 THOUS, reeded edge, Kagin-6, Rarity-4", illustrated, sold for $14,950.00

Sources and/or recommended reading:
"Walter Breen's Complete Encyclopedia Of U.S. And Colonial Coins" by Walter Breen