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DI12440

USA, California 1852 "887" US Assay Office "slug" 50-Dollars AU DETAILS

USA, Territorial California Gold, octagonal shaped $50, 1852, U.S. Assay Office, San Francisco, eagle, wings spread, with ribbon and shield, UNITED STATES OF AMERICA and "887 THOUS" on ribbon above, FIFTY DOLLS below, all within inner circle, outer legend, UNITED STATES ASSAY OFFICE OF GOLD SAN FRANCISCO CALIFORNIA 1852, rev. machine made criss-cross of circular lines, reeded edge (Fr.79; KM 54; Yeoman 2020 p.404). Once cleaned though a well struck piece in NGC holder graded AU DETAILS (Improperly Cleaned), scarce.

NGC Certification 3180623-001.

Territorial gold issues were struck by various private individuals, assayers, bankers etc outside the United Sates Mint and were not receivable at face value for government payments. They circulated widely in commerce due to a shortage of regular coinage. Designated as "ingots" they were also known as "slugs", "quintuple eagles" or "5-eagle pieces".

On 14th February 1852 Moffat & Co was recognized as the United States Assay Office of Gold and continued issuing $50, $20, $10 until 1853.

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