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California. 1852 United States Assay Office of Gold, San Francisco $10. Kagin-12a. Reeded Edge, 884

Currency:USD Category:Coins & Paper Money Start Price:25,000.00 USD Estimated At:NA
California. 1852 United States Assay Office of Gold, San Francisco $10. Kagin-12a. Reeded Edge, 884
SOLD
29,000.00USD+ (5,800.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Feb 27 @ 21:14UTC-5 : EST/CDT
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California. 1852 United States Assay Office of Gold, San Francisco $10. Kagin-12a. Reeded Edge, 884 THOUS. Rarity-6. MS-64 NGC.

This lustrous orange-gold specimen is boldly stuck at the centers and elsewhere, and displays a wealth of rich underlying luster that cartwheels across the frosty surfaces. <B<IAn outstanding specimen, easily among the finest known of the variety,and a Condition Census coin whose appearance here may not be duplicated for years. The new 1851 $50 coinage of the U.S. Assay Office were immediately accepted by the merchants of San Francisco and many of the earlier private gold coinage which commenced circulation in 1849, were turned into the new Provisional Mint in favor of the new official coinage. Inexplicably however, Congress did not authorize any smaller denominations for over a year! This lack of more easily usable smaller denomination coinage led to a major recession in California. Finally, in February 1852, $10 and $20 gold pieces were finally authorized and were used extensively.Though considered an available issue that demands only a modest search effort, that notion only applies to circulated examples of the variety. In Mint State, like most other Pioneer gold issues, the variety becomes somewhat rare, and in MS-64 it is of a quality that can currently only be duplicated, but not exceeded. For purpose of comparison, PCGS has certified a solitary MS-64 example of the variety, with none finer. Physically sound, aesthetically appealing, and certain to instill a sense of competitiveness in more than one specialist at bidding time.
NGC Census: 3; none finer. NGC UID ANGV


Grading Company: NGC MS 64

Pedigree/Collection: