1852 887 ASSAY $50 AU58

Picture of 1852 887 ASSAY $50 AU58
Picture of 1852 887 ASSAY $50 AU58
Picture of 1852 887 ASSAY $50 AU58
Picture of 1852 887 ASSAY $50 AU58
$198,000.00
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Coin Description

LUSTOUS SURFACES ON THIS ICONIC TERRITORIAL GOLD SLUG. ONLY A HANDFUL GRADED HIGHER AT PCGS.VERY WELL STRUCK WITH SHARP DETAILS.

The predecessor of the San Francisco Mint, the United States Assay Office of Gold was first organized in 1850.  Congress gave the contract for this new facility to Moffat & Co., one of the most highly regarded private minting establishments in Gold Rush California.  Augustus Humbert served as the government-appointed assayer.

On December 24, 1851, John Little Moffat sold his company to Joseph R. Curtis, Philo H. Perry and Samuel H. Ward, his former partners in Moffat & Co.  The old company was formally dissolved on February 14, 1852, Curtis, Perry and Ward picking up the federal contract under the aegis of the United States Assay Office of Gold.  Humbert continued as assayer.  The firm officially ceased operations on December 14, 1853 and sold its building and machinery to the federal government for use by the new San Francisco Mint.

The largest-denomination coins issued by the United States Assay Office of Gold under Curtis, Perry and Ward are $50 gold pieces.  Officially known as ingots, these impressive coins also went by the names of Quintuple Eagle, Five-Eagle piece or, more informally, slug.  Examples were struck in 1852 and 1853, although the dies bore only the former date.  Two varieties are known (.887 THOUS and .900 THOUS, in reference to the fineness of the gold), and both are scarce and eagerly sought by specialized numismatists as well as collectors with a more general interest in the California Gold Rush era.

Specifications

Grading Service: PCGS SKU: 143839
Grade: AU 58 Cert Number: 46882009
Bring This Coin to Life
In 1852, the United States experienced a series of remarkable events and developments, reflecting the nation's burgeoning spirit of innovation and progress. This year marked the establishment of the Studebaker Brothers Wagon Company, an enterprise that would significantly influence the American automotive industry. Founded on February 16, the company initially specialized in manufacturing wagons, buggies, carriages, and harnesses, becoming one of the world's largest producers of wagons. Its evolution into an automobile manufacturer underscores the adaptability and forward-thinking approach of American industry during this era. Moreover, 1852 was a year of substantial contribution to the medical field with the formation of Mount Sinai Hospital in New York City. Established by nine men representing various Hebrew charitable organizations, Mount Sinai Hospital emerged as a premier medical institution, epitomizing the commitment to healthcare and community service in the United States. The educational and fraternal landscape of America also saw significant developments with the founding of Phi Kappa Psi at Jefferson College in Canonsburg, Pennsylvania, and Phi Mu at Wesleyan College. These fraternities have since played integral roles in the American collegiate system, fostering brotherhood, scholarship, and service. Another notable event was the publication of Harriet Beecher Stowe's ""Uncle Tom's Cabin"" in Boston. This influential novel played a crucial role in shaping public opinion and is recognized as a landmark in American literature. Additionally, the testing of the first American experimental steam fire engine in 1852 marked a leap in firefighting technology, demonstrating the nation's progress in public safety and technical ingenuity. These events collectively underscore the dynamic and transformative nature of 1852 in American history, highlighting a period of industrial prowess, cultural expression, and educational advancement.
**Source: PCGS Price Guide. Although we try to be as accurate as possible on the listed population, third party pricing and coin information, information constantly changes. We suggest you verify all information.