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DI12596

USA, California 1852 "900" US Assay Office "slug" 50-Dollars AU55

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 "900 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 54a; Yeoman 2020 p.404). Attractive red toning, clear legends, a high grade in NGC holder AU55, rare thus.

NGC Certification 4631944-011.

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".

The .900 fine gold issues reflect an attempt to bring the territorial gold ingots of the U.S. Assay Office into conformity with the U.S. Mint Standard.

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