The California economy suffered from an acute shortage of coinage after the United States Assay Office closed in late 1853, until the San Francisco Mint began coinage operations on a large scale in 1854. Even after the Mint was officially established, shortages sometimes limited production, putting extreme pressure on the small supply of coinage available to meet the needs of the burgeoning economy. To fill the gap, John G. Kellogg partnered first with G. F. Richter in late 1853 and 1854, then with Augustus Humbert in late 1854 and 1855 to produce twenty dollar gold pieces, filling the gap of production between the closure of the U.S. Assay Office and the start-up of the new San Francisco Mint. NGC has graded only 131 pieces for all grades combined. Listed at $24,200 in the CDN CPG and $21,200 in the NGC price guide.
Offered at $18,500 delivered
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(800) 257.3253
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Private, Portable, Divisible Wealth Storage
Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.