1854 Kellogg & Co. $20. K-2. Rarity-4. Long Arrows. AU Details--Cleaning (PCGS).，With rich khaki-orange patina, sharp to full striking detail and appreciable satin luster remnants, this is an exceptionally appealing coin relative to the assigned grade. The stated qualifier concerns wispy hairlines and a somewhat glossy texture, both of which are easily overlooked at most viewing angles, and just as easily forgiven in a privately issued gold coin from the California Gold Rush era. Several interesting rim cuds (as made) on the obverse from 4 to 6 oclock are noted. Although the provenance of this coin prior to 1945 is unknown, it may have once been part of the Thayer County hoard, which source yielded a number of high grade examples of the 1854 K-2 Kellogg & Co. $20 gold. According to legend, and as related by Don Kagin in his 1981 reference on private and territorial gold coinage, two ranchers named Bennett and Abernathy hid a group of 58 $20 gold coins in Thayer County, Nebraska in 1867 while escaping from Native Americans. They never returned to retrieve the coins, which remained hidden until discovered in the woods near Alexandria, Nebraska in 1907 by two boys. Regardless of how it survived, the present example did so with uncommonly sharp definition and strong eye appeal for this conditionally challenging type.，PCGS# 10222. NGC ID: ANHY.，，From the Alexander Collection. Acquired 1945 from "Koep" (?). Collector envelope with provenance notation included.
