SOLD
15,000.00USD+ (2,625.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2017 Sep 27 @ 15:03UTC-7 : PDT/MST
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(Erroneously called Kagin 3 on holder.) H.H. Pierson / W.W. Light arc above, DENTIST on a straight line below in the upper half of the engine turned design on the reverse of the host. Unique, at least to the best of our knowledge, especially noting the counterstamp-host combination. The deep golden surfaces of the host coin are imbued with rich orange toning, especially in the fields. The popular variety with a reverse die crack from 12 o’clock to 5 o’clock, rim to rim. This example could represent that once-in-a-lifetime opportunity we always hear so much about, so plan your bidding accordingly.
H.H. Pierson and William W. Light were partners in a dental business circa 1849-1850. They also worked for J.S. Ormsby & Co., where Light reportedly cut dies and Pierson was that company’s clerk. Light, an Ohio native, came to California with the original ‘49ers late that year aboard the Von Humboldt. Light did well for himself at Ormsby’s firm, supposedly making $50 per diem for his work with the precious metal. He later left Ormsby and dentistry to try his hand at mining. Far less is known about H.H. Pierson; the 1852 California State Census lists an H.H. Pierson in Sacramento and gives his place and date of birth as New York, 1824, but precious little other information was found. Certainly worth a healthy five figures.
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
Address:
1500 Tiburon Blvd.
Tiburon, CA 94920 U.S.A.
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Kagin’s, Inc.
Address:
1550 – G Tiburon Blvd. #201
Tiburon, CA 94920 U.S.A.
Kagin’s Account Number:
995 8039449
Routing number:
121 000 248
SWIFT CODE WFBIUS6S
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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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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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an identical floor bid. In case of any disputes regarding the existence or amount of bids the auctioneer may rescind the sale
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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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apply the proceeds to purchaser’s debt and to reimbursing KA for costs related to the resale.
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the item prior to the purchase. In all other cases, returns are accepted provided each of the following conditions is met: (1)
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provenance or pedigree, or strike, or whether a coin is a proof.
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