1851 $50 LE Humbert 880 (Regular Strike)

Series: (None)

PCGS MS63+

PCGS MS63+

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PCGS MS63+

PCGS MS63+

PCGS MS63

PCGS MS63

PCGS #:
10196
Designer:
N/A
Edge:
N/A
Diameter:
N/A
Weight:
N/A
Mintage:
N/A
Mint:
Philadelphia
Metal:
Gold
Major Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 MS63+ PCGS grade

American Numismatic Rarities 7/2005:4, $115,000 - Bob R. Simpson Collection

2 MS63 PCGS grade

Louis E. Eliasberg, Sr. Collection - Bowers & Merena 5/1996:339, $40,700 - Oakwood Collection - Heritage 8/2010:3677, $546,250 - Bob R. Simpson Collection

3 MS62 PCGS grade

Donald E. Bently Collection - Heritage 3/2014:30525, $282,000 - Heritage 1/2015:4469, $217,375

3 MS62 PCGS grade

Stack's 10/2003:2278, $60,375 - Bob R. Simpson Collection

3 MS62 PCGS grade MS62 PCGS grade
3 MS62 PCGS grade
3 MS62 estimated grade

Pacific Rim Collection - Heritage 8/2007:2107, $264,500 - Charles G. Wright Family Collection - Heritage 4/2014:5464, $352,500

8 MS62 estimated grade

Heritage 6/2005:8278, $149,500

8 MS62 estimated grade

Heritage 1/2013:5991, $352,500

10 MS61 PCGS grade
#1 MS63+ PCGS grade

American Numismatic Rarities 7/2005:4, $115,000 - Bob R. Simpson Collection

#2 MS63 PCGS grade

Louis E. Eliasberg, Sr. Collection - Bowers & Merena 5/1996:339, $40,700 - Oakwood Collection - Heritage 8/2010:3677, $546,250 - Bob R. Simpson Collection

#3 MS62 PCGS grade

Donald E. Bently Collection - Heritage 3/2014:30525, $282,000 - Heritage 1/2015:4469, $217,375

#3 MS62 PCGS grade

Stack's 10/2003:2278, $60,375 - Bob R. Simpson Collection

MS62 PCGS grade #3 MS62 PCGS grade
#3 MS62 PCGS grade
#3 MS62 estimated grade

Pacific Rim Collection - Heritage 8/2007:2107, $264,500 - Charles G. Wright Family Collection - Heritage 4/2014:5464, $352,500

#8 MS62 estimated grade

Heritage 6/2005:8278, $149,500

#8 MS62 estimated grade

Heritage 1/2013:5991, $352,500

#10 MS61 PCGS grade
Ron Guth:

In 1851, Augustus Humbert began producing $50 gold coins at a provisional U.S. Assay Office. These large coins, also known as "Slugs", brought some sense of order to the chaos of the gold dust economy in San Francisco. Weights and purity became standardized, thus mitigating much of the cheating and dishonesty that marred business dealings during the Gold Rush. As with any first attempt, Humbert encountered several problems, mostly with the excessive number of steps required to produce a single coin. First came the striking of the coin itself, followed by hand-stamping each of the eight edges, punching "880" into the scroll above the eagle, and "50" in the field to the left of "D C" beneath the eagle. The Kagin-1 variety received an additional "50" stamp in the center of the target on the reverse; Kagin-2 did not.

Many of the $50 Slugs were melted down over the years after becoming victims of their high face value. Numerous survivors show corner bruises or repairs to remove them. Others have been cleaned or repaired to present an acceptable appearance. Perhaps as many as a couple hundred examples survive in all. Very few Mint State examples are known, the finest of which is a single PCGS MS63+ currently in the Simpson Collection.