August 2024 Global Showcase Auction – 12 - 23 August 2024
Ancient and World Coins and Currency
Part B: Mo, 12.08.2024, from 6:00 PM CEST
Part C: Mo, 12.08.2024, from 10:00 PM CEST
Part 1: Tu, 13.08.2024, from 1:00 AM CEST
Part 2: Tu, 13.08.2024, from 6:00 PM CEST
Part 3: Tu, 13.08.2024, from 10:00 PM CEST
Part D: We, 14.08.2024, from 6:00 PM CEST
Part 4: We, 14.08.2024, from 9:00 PM CEST
Part 5: Th, 15.08.2024, from 5:00 PM CEST
Part E: Fr, 16.08.2024, from 5:00 PM CEST
Part 6: Fr, 16.08.2024, from 9:00 PM CEST
Part 7: Sa, 17.08.2024, from 5:00 PM CEST
Part F: Sa, 17.08.2024, from 6:00 PM CEST
Part 8: Mo, 19.08.2024, from 7:00 PM CEST
Part G: Tu, 20.08.2024, from 6:00 PM CEST
Part 9: Tu, 20.08.2024, from 7:00 PM CEST
Part H: Tu, 20.08.2024, from 8:00 PM CEST
Part 10: We, 21.08.2024, from 6:00 PM CEST
Part I: We, 21.08.2024, from 6:00 PM CEST
Part 11: Th, 22.08.2024, from 6:00 PM CEST
Part J: Th, 22.08.2024, from 6:00 PM CEST
Part K: Fr, 23.08.2024, from 6:00 PM CEST
Part 12: Fr, 23.08.2024, from 6:00 PM CEST
Description
1852 USAOG $10 from the Central America Treasure
1852 United States Assay Office of Gold $10. K-12 Office Right. Rarity-4. 884 THOUS. AU-53 (PCGS). CAC. Gold S.S. Central America Label.
A generally golden-honey example with blushes of warmer copper-rose tinting extending into the centers from the upper obverse and lower reverse borders. Well struck for type, and well defined at the assigned grade level, there are also ample remnants of satiny mint luster to confirm the AU rating from PCGS. Earlier private minting operations in California were effectively shut down in 1851 due to assays by Jacob R. Eckfeldt and William E. Du Bois revealing that many of these coins were worth less than their stated denominations, as well as damning exposés by James King. Moffat & Co.'s coins were largely unaffected and the firm kept producing desperately needed lower denomination coins. John Little Moffat retired in February of 1852 from the firm he founded, which promptly dissolved. Moffat & Co.'s original contract to issue gold ingots and coins on behalf of the federal government was transferred to its successor, the United States Assay Office of Gold, headed by Joseph R. Curtis, Philo H. Perry and Samuel H. Ward. As part of the original terms of the government contract, the Assay Office of Gold was prohibited from issuing any "ingot" in denominations under $50, therefore not providing any relief from the chronic coin shortages that plagued the gold bearing regions. Repeated petitions went unheeded until finally the Treasury relented and permitted the USAOG to produce coins in $10 and $20 denominations. These pieces found an immediately receptive audience and they circulated widely until the San Francisco Mint could finally fill the need.
PCGS# 10001. NGC ID: ANGV.
Ex S.S. Central America.
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Bidding
| Price realized | 10'500 USD |
| Starting price | 1 USD |
| Estimate | 10'000 USD |
