1854 $20 Kellogg & Co. MS(PCGS#10222)

December 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

2531

等级

AU55

价格

82,583

详细说明

Choice AU 1854 Kellogg & Co. $20 1854 Kellogg & Co. $20. K-1. Rarity-5. Short Arrows. AU-55 (NGC). An attractive and nicely composed example of the privately minted Kellogg & Co. "double eagle." Rich honey-gold luster gleams from around the devices, accenting the otherwise pale yellow surfaces. A few old, shallow marks are noted in the lower obverse and upper reverse fields, but the design elements remain bold and essentially untroubled. Truly superior quality for this challenging issue from the historic California Gold Rush. Kellogg & Co. produced some 300,000 $20 gold pieces in 1854 and 1855, the firm's coining activities filling a critical void in the commerce of Gold Rush California since it came between the dissolution of the United States Assay Office of Gold in 1853 and the delivery of the first double eagles from the San Francisco Mint. Even though the federal Mint placed its first double eagles into circulation in 1854, and operations continued apace through 1855 and beyond, the Kellogg & Co. pieces of both years were eagerly sought by local businesses. On the other hand, once San Francisco Mint gold coinage became firmly established in commercial channels, many of their privately produced predecessors were melted for their bullion content. Survivors of both Kellogg & Co. $20 issues are certainly scarce in an absolute sense, and they are rare with the quality and eye appeal offered here. PCGS# 10222. NGC ID: ANHY. Click here for certification details from NGC.