SOLD
4,200.00USDto c******2+ buyer's premium (735.00)
This item SOLD at 2017 Sep 19 @ 17:04UTC-7 : PDT/MST
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VF for sharpness with consideration for the effects of sand and sea. Pale, silver, grey with even moderate corrosion that allows most of the details to remain bold. Counterstamped horizontally but inverted on the obverse. Bright silver throughout with some deeper areas on both sides. Almost certainly a piece of pocket change with an important story to tell; maybe the next owner will get it to give up its tale.
This half dollar and an 1855-S $20 are the only Polhemus counter marks found aboard the Ship of Gold(S.S. Central America). Only one other counter mark appeared among the S.S. Central America treasure, a gold piece marked by dentist and assayer W.W. Light (similar to our next lot).
J. L. Polhemus counterstamps on U.S. coins have long been known and he is the most famous Sacramento gold rush counter stamp. Virtually every denomination of pocket change was stamped by Polhemus for use as money and doubling as a store card in the 1850s. The Polhemus counterstamped minor coinage pieces are still found today every now and then by token hunters and metal detector enthusiasts. The tie of this Polhemus counterstamp to the SS Central America is exceptionally important. Polhemus started his drug store near the Magnolia Saloon in August 1850. By the end of that year the drug store was more conveniently located on the main street, which was “J” Street. Polhemus died in 1866 but his wife continued to run the store in to the 1870’s until selling to a third party. The Polhemus- Central America counterstamp was the only minor change with the Polhemus punch found on the S.S. Central America. Today there are perhaps a dozen known quarters and perhaps an equal number of dimes known with the Polhemus counterstamp. There are far few larger denomination coins.
This intriguing shipwreck treasure brought $11,750 in our HKA 8/20/13:984 sale.
Auction Location:
5001 Great America Pkwy, Santa Clara, California, 95051, United States
Previewing Details:
auctions.kagins.com
Sales Tax on currency to non-dealers and coins under $1500 shipped to CA or $1000 to MD per tax accountant
Taxes:
| Tax | Rate | Desc. |
| CA |
6% |
California Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
17.5% |
Additional Fees:
Shipping Details:
Please allow 5-10 business once payment clears for you purchase to ship. Extra shipping charges for PO Boxes, Overnight, or International shipments.
Payment Details:
Invoice due upon receipt. Please allow up to 5-10 business days to ship once payment posts. There is an automatic 2.5% discount from auction fees when invoices are paid by cash or cash equivalent making your buyer’s fee still only 17.5%. Otherwise, the standard 20% buyer’s fee applies. Please make checks payable to Kagin’s, Inc.
Don’t forget, Kagin’s Auctions Loyalty Program gives you 1% of your invoice subtotal towards your next auction purchase! See Terms & Conditions for more details.
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1. Auction Company. This public auction is being presented by Kagin’s Auctions, a division of Kagin’s, Inc. (“KA”)
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to all present. KA reserves the right to omit from its published prices realized the purchase prices of items re-purchased by
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shall be final. KA IS NOT RESPONSIBLE FOR ERRORS IN BIDDING, and mistaken bids will not justify rescission of a sale.
00_Sep2017_WCA_FrMatter.indd 11 8/25/17 7:41 PM
xii Kagin’s Auctions
Terms and Conditions of Sale (Continued)
10. Buyer’s Commission and Taxes. THE PURCHASE PRICE FOR ALL LOTS INCLUDES THE SUCCESSFUL BID PLUS A
BUYER’S COMMISSION OF 17 1/2%, except as otherwise provided by written agreement between a bidder and KA. Bidders
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