1851 $50 RE Humbert 887 (Regular Strike)

Series: (None)

PCGS MS63

PCGS MS63

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PCGS MS62

PCGS MS62

PCGS MS62

PCGS MS62

PCGS #:
10214
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 MS64 PCGS grade
2 MS63 PCGS grade

Stack's 8/1990:490 (as Raw Virtually Mint State, if not Mint State), $27,500 - Reed Hawn Collection - Stack’s 10/1993:1173, $21,000 - Klamath Mountain Collection - Heritage 1/2014:5621, $440,625 - Heritage 1/2016:5720, $381,875 - Heritage 1/2017:6136, $352,500

3 MS62 PCGS grade

Riverboat Collection - Heritage 4/2014:5418, $223,250 - Stack’s Bowers 5/2015:105, not sold

3 MS62 PCGS grade

Riverboat Collection - Heritage 4/2014:5417, $99,875

3 MS62 PCGS grade
3 MS62 estimated grade

Charles G. Wright Family Collection - Heritage 8/2014:5482, $176,250

7 MS61 PCGS grade
8 MS60 PCGS grade

Superior 10/1989:5537, $36,300

9 AU58 PCGS grade
9 AU58 estimated grade

Goldbergs 9/2006:2561, $132,250

#1 MS64 PCGS grade
#2 MS63 PCGS grade

Stack's 8/1990:490 (as Raw Virtually Mint State, if not Mint State), $27,500 - Reed Hawn Collection - Stack’s 10/1993:1173, $21,000 - Klamath Mountain Collection - Heritage 1/2014:5621, $440,625 - Heritage 1/2016:5720, $381,875 - Heritage 1/2017:6136, $352,500

#3 MS62 PCGS grade

Riverboat Collection - Heritage 4/2014:5418, $223,250 - Stack’s Bowers 5/2015:105, not sold

#3 MS62 PCGS grade

Riverboat Collection - Heritage 4/2014:5417, $99,875

#3 MS62 PCGS grade
#3 MS62 estimated grade

Charles G. Wright Family Collection - Heritage 8/2014:5482, $176,250

#7 MS61 PCGS grade
#8 MS60 PCGS grade

Superior 10/1989:5537, $36,300

#9 AU58 PCGS grade
#9 AU58 estimated grade

Goldbergs 9/2006:2561, $132,250

Ron Guth:

The $50 gold pieces issued by the United States Assay Office of Gold in San Francisco in the early 1850's were not actually coins per se. Rather, they were called "ingots" at the time; today, we know them as "Slugs." Their real value, besides that stated on their face, was in standardizing the jumble of over-valued, underweight, and off-purity private issues prevalent at the time. Nowadays, the $50 slugs are among the most popular of all California gold pieces.

High-grade examples are very difficult to locate. Because of their high intrinsic value, the large majority of them have been melted down over the years. Those that entered circulation were subject to all the injuries that a heavy gold coin might receive, especially bumps and bruises on the corners. Because of their high numismatic value, many have been repaired or otherwise "improved" over the years. Finding an example with original "skin" and that crusty, old-gold look is well-nigh impossible. In our search for coins for the PCGS CoinFacts Condition Census, we've come across a few (these all refer to the 1851 $5 Humbert Reeded Edge, 887 THOUS variety). In 2016, an NGC MS65 was offered for sale at a fixed price of $625,000. In January 2017k, a PCGS MS63 example sold for $352,500. An NGC MS63 example sold for $176,250 inm 2014. A PCGS MS62 example sold for $223,250 in 2014, then failed to sell when it reappeared in 2015. At least four or five additonal, lower-level Unc. examples are known.