1852 Augustus Humbert $50. Reeded Edge. K-11. Rarity-5. 887 THOUS., Target Reverse. EF-40 (PCGS).This is a handsome and highly desirable example of a perennially popular California Gold Rush issue. Warmly patinated in a blend of olive-honey and deep rose-gold, both sides possess superior eye appeal for a lightly circulated survivor of this challenging type. Overall definition is above average at the EF grade level, the date clear and the peripheral inscription on the obverse, while typically weak in isolated areas, is near-fully legible. Light scattered handling marks are commensurate with the type, as are several small edge nicks and bruises. With a generally positive appearance and tremendous historic appeal, this coin is sure to have no difficulty finding its way into a specialized cabinet focused on Territorial gold coinage or the California Gold Rush era.Issued by Augustus Humbert when he was United States assayer of gold in California, which is plainly noted on the coin, these large slugs circulated freely owing to the accuracy of their gold content -- $50 dollars from Humbert was good for $50 anywhere in gold country. The present variety is the only 1852-dated $50 piece issued by Augustus Humbert, though he issued numerous types and varieties with the 1851 date. Similar pieces dated 1852 were issued by the United States Assay Office of Gold while under the auspices of Curtis, Perry, and Ward after the firm of Moffat & Co. was dissolved. From the total number struck only a small number survive, perhaps 200 or so, with many showing extensive problems as these massive coins were prone to edge dents from even casual handling. Finding an example with abundant eye appeal and attractive surfaces is quite a challenge, the coin offered certainly a desirable representative of this cherished Territorial gold issue.From the Dr. Andrew Mitchell Collection.
