SOLD
11,000.00USDto t*****3+ buyer's premium (1,925.00)
This item SOLD at 2017 Sep 15 @ 23:57UTC-7 : PDT/MST
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This silver ingot is from an old coin collection that became known to us several years ago. It is a classic Assayer’s ingot, complete with the usual Wiegand logo punch. It is serial number 89, 6.60 troy ounces, gold 021 fine, silver 970 fine, gold $2.87 and silver $8.27, value $11.14. It is engraved with a classic fancy border, typical of many of the Wiegand ingots. On the reverse is a single word, “Emily.” The physical characteristics are consistent with other ingots produced in the late 1860’s to 1870’s. As a self-identified Wiegand ingot, it is one of about nineteen different Wiegand ingots known today.
The name “Emily” appears in large bold letters on the reverse. The lack of a surname is significant, but may indicate a familiarity of the person with the local community. If so, that person may be Emily Flagg, wife of Gold Hill banker and mining man H. H. Flagg. Emily, born in 1839, was 11 years junior to her husband. Flagg had been a successful banker and mining broker since the 1860’s, and probably a good friend of Wiegand. Flagg was popular. As a broker, he traded in Comstock securities daily, while also tending to his own banking business in Gold Hill. As a speculator, he and his business were subject to the manipulations of the stock Market, particularly the San Francisco Exchange, where most of the Comstock stocks were traded. In February, 1872, Flagg’s bank and brokerage were suspended because he was short on 600 shares of Savage and some Gould & Curry. A citizens committee was called to try to help him, trying to keep his creditors from closing the business. The closure affected Gold Hill News editor Alf Doten, who wrote about it in his journals and in his newspaper. 1872 was the year of the great Crown Point bonanza at Gold Hill. The stocks were heavily manipulated by John P Jones and William Sharon (among others), and Flagg may have been a victim. Ultimately, Flagg was crushed, and he and Emily left the Comstock shortly afterwards.
The possibility of a tie of this ingot to the Flagg family is also backed up by the fact that the Flagg estate was distributed over the past three decades, and at least two batches of Nevada Territorial stocks were released by family descendants, all bearing H. H. Flagg’s name. Another interesting statistic is that there were only 38 people with the name “Emily” in all of the Comstock for the 1870 and 1880 Censuses. Only one of these made much sense for this ingot, Emily Flagg. However, the tie is not exact, and we may never truly know the identity of our mysterious “Emily.”
Ex: Holabird-Kagin’s sale of August, 2012, Lot# 1402.
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:
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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”)
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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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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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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