SOLD
6,250.00USD+ (1,093.75) buyer's premium + applicable fees & taxes.
This item SOLD at 2017 Mar 14 @ 18:19UTC-5 : EST/CDT
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1882 Mechanics’ Institute San Francisco Gold Medal with Original Presentation Box. Awarded. 49 mm.
Nearly as Struck, scattered hairlines present.
Obverse: central figure of Columbia offering laurel crowns to Mechanics and Agriculture, SAN FRANCISCO in exergue below. Reverse: INDUSTRIAL EXHIBITION arcs at top, laurel wreath with AWARDED TO between ends, D.M. Osborne & Co. / Best / General Display of Agricultural Machinery hand-engraved within on three lines in fancy upper and lower case Spenserian script, 1882 at bottom. Housed in the original Mechanics Institute box – the first of these that we have seen. The delicate fabric of the top is frayed at the edges and is detached from the sides, but otherwise, the box is sound.
Founded in 1854, The San Francisco Mechanics Institute was originally established as a vocational school for unemployed miners. At the time, California was without public libraries, colleges or universities, and the institute was one of the only sources of training in woodworking, mechanical drawing, industrial design, electrical science, applied mathematics, and ironwork in the state. Instrumental in the establishment of the University of California in the late 1860s, the institute also hosted fairs promoting industry, invention, and art. Winning exhibitors, including Levi Strauss, Goodyear Tire, and Ghirardelli Chocolate, were awarded medals such as this for their ingenuity.
David M. Osborne began manufacturing straw cutters and corn shellers in Auburn, New York during the mid-19th century. His first enterprise failed, leading him to take a job as the general superintendent of the Buffalo Agricultural Works, where he met a mechanic and inventor by the name of William Kirby, with whom he went into business in 1857. By the time Osborne & Company had won the present award they were an international concern with offices throughout the United States and Europe.
Auction Location:
9800 International Drive, Orlando, Florida, 32819, 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. |
| FL |
6% |
Florida Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
17.5% |
Additional Fees:
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1. Auction Company. This public auction is being presented by Kagin’s Auctions, a division of Kagin’s, Inc. (“KA”)
2. Binding Effect of Terms and Conditions. These Terms and Conditions are legally binding on anyone that registers
to bid, or actually does bid, at a KA auction. They define the relationship between bidders and KA before, during and after
the auction, and limit KA’s liability to bidders.
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consignors. KA is not required to divulge to prospective bidders the identity of any consignor, except as provided by these
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which KA is not required to disclose to prospective bidders. The Consignment Contract may permit a consignor to bid on his
or her own lots and pay commissions if successful. If a consignor bids from the floor for his or her own lots, KA may so note
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.
www.kagins.com xv
Terms and Conditions of Sale (Continued)
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BUYER’S COMMISSION OF 17 1/2%, except as otherwise provided by written agreement between a bidder and KA. Bidders
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penalty related to unpaid tax, regardless of whether KA collected such taxes at the time of purchase.
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purchases in a KA auction, in the amount of one percent (1%) of the total purchase prices paid by
them (hammer plus buyer’s commission – taxes or other charges not included), such credit to extend to the next two (2) KA
auctions, or a period of 1 year, whichever is longer.
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the purchaser contends that the item is counterfeit, contains an altered date or mintmark, or contains undisclosed repairs;
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unopened container. Notwithstanding the above, coin returns are not accepted in cases involving cleaning, artificial toning,
provenance or pedigree, or strike, or whether a coin is a proof.
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arbitration award may be entered in any court of competent jurisdiction.