SOLD
360.00USDto W********7+ buyer's premium (63.00)
This item SOLD at 2017 Sep 15 @ 22:51UTC-7 : PDT/MST
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Henry Ford’s lifelong personal assistant, Frank Campbell,” Assistant Secretary to Henry Ford” as he signed his letters, corresponds here with Charles Kohen, a Washington D.C. coin dealer of the era. Four letters are included, each lightly folded for postal reasons but not tattered or unsightly otherwise. The first missive, July 17, 1922 on Ford’s Letterhead, is an inquiry by Campbell as to whether Kohen could obtain “two of the round $50 pieces coined by the State of California in the years 1851, 1852, and 1855,” and goes on to add “you might also obtain a quotation on one octagonal, in good condition with the edge unsweated, etc.” In the second letter, August 7, 1922, Campbell (in actuality, Ford) rails against a price quoted by Kohen, writing “The writer is in receipt of your letter of July 31st relative to octagon and round California $50.00 gold pieces and wish to state that we are not interested at the price quoted. If it is possible for you to secure a round one in good condition for $250.00, we will be glad to have you procure it.” The third letter, dated October 12, 1922, brings out another of Ford’s collecting disciplines: “Have you been able to procure any of the 25 cent gold-pieces, referred to in our letter of September 25th? Also, have you learned anything further in regard to a round California fifty-dollar piece at a reasonable figure?” Henry Ford or his wife, who were both coin collectors, may have finally obtained a “California $50” through Mr. Kohen as pointed out by the final letter of February 21, 1923: “The old gold pin has been received and presented to Mr. Ford, who wishes to thank you most sincerely for the dainty gift.” Mr. Kohen may have finally located a coin for Ford, or he simply gifted the tough negotiator to make him go away. An historical group that links one of the earliest titans of industry to our beloved hobby.
From Stack’s sale of September-October 2010, Lot 5691.
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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Wells Fargo Bank
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995 8039449
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121 000 248
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Terms and Conditions of Sale
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.
3. Consignors and Reserves. This catalog contains descriptions of property belonging to many persons known as
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
their consignor(s).
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credit references or deposit such amount as KA may require in its sole and absolute discretion before bidding. Such deposits
will be applied to purchases and unused portions returned after the auction. Finally, for the protection of mail bidders no
“unlimited” or “buy” bids will be accepted.
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loan or advance funds to consignors and/or prospective bidders, and may thereby acquire interests in items sold at a KA
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discretion, by special appointment. KA encourages floor bidders to examine items before bidding on them.
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time and place as KA may, in its sole discretion, determine. The auctioneer will offer lots in number sequence within each
auction session, subject to KA’s right to withdraw any lot at any time. Only entire lots will be offered unless the auctioneer
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than one identical bid is received for an item, the auctioneer may prefer the first bid received and may prefer a mail bid over
an identical floor bid. In case of any disputes regarding the existence or amount of bids the auctioneer may rescind the sale
of that lot and re-sell it, or otherwise direct disposition of the lot in his sole discretion. In all cases, the auctioneer’s decision
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
acknowledge that they are responsible for all sales, use or other taxes applicable to their purchases, and for any interest or
penalty related to unpaid tax, regardless of whether KA collected such taxes at the time of purchase.
11. Kagin’s Loyalty Discount. All successful purchasers shall be entitled to a credit against any future
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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purchasers will receive an invoice from KA detailing their purchases and the date payment is due. Title and risk of loss to
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engaging an attorney and pursuing legal proceedings). In addition to the foregoing, purchasers grant KA a security interest
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themselves or other items), and agree to execute such documents as KA may deem needed to evidence this security interest.
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apply the proceeds to purchaser’s debt and to reimbursing KA for costs related to the resale.
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certification service, if the purchaser is a dealer or has presented KA with a valid resale certificate, or if the purchaser viewed
the item prior to the purchase. In all other cases, returns are accepted provided each of the following conditions is met: (1)
the purchaser contends that the item is counterfeit, contains an altered date or mintmark, or contains undisclosed repairs;
(2) the purchaser notifies KA in writing of his or her contention within five (5) days of receiving the item (if purchaser did
not timely pay for the item, his or her return privilege is waived); and (3) the item is returned in its original, sealed and
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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returned items, items to which title issues are raised, or in connection with any claim arising from the purchase of an item
at a KA auction is limited to reimbursing the purchaser for the sums actually paid to KA for the item(s) (including buyer’s
commission and taxes), and KA DISCLAIMS ANY LIABILITY FOR COMPENSATORY, INCIDENTAL OR CONSEQUENTIAL
DAMAGES ARISING FROM PURCHASE OF ANY ITEM AT AN KA AUCTION.
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in accordance with California law (excluding choice of law rules). Any claim or controversy arising out of or involving an
KA auction or any provision of Terms and Conditions shall be resolved by arbitration in California through the Professional
Numismatists Guild, with the prevailing party being entitled to an award of its attorney’s fees and costs. Judgment upon an
arbitration award may be entered in any court of competent jurisdiction.