New addition fifty dollar gold
fishteeth
Posts: 2,264 ✭✭✭✭✭
I have been looking for one of these for a long time. These seem to come really nice and really expensive or really beat up with dings and scratches due to how heavy they are. I felt this was a nice middle grade piece the surfaces are ok and not a lot of hits. This particular variety come very weakly struck on the eagle.
I have shown this to a few non collectors and their first statement is usually wow that is a heavy coin.
Anyone know why these are called slugs? The only guess I can come up with is a reference to these being "sluggish " to spend and use due to the high face value.
Perhaps someone here knows why they are called "slugs"
![](https://us.v-cdn.net/6027503/uploads/editor/80/93y1iq03247p.jpg ""
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Comments
Very cool!
Wow, great coin!
A dream for many collectors, including this one. Congratulations!
Liberty: Parent of Science & Industry
Wow is right! I'd dream, but I'd likely drool all over the pillow! Congrats!
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Definition of slug (Entry 1 of 4)
1: SLUGGARD
2: a lump, disk, or cylinder of material (such as plastic or metal): such as
a(1): a musket ball
(2): BULLET
b: a piece of metal roughly shaped for subsequent processing
c: a $50 gold piece
d: a disk for insertion in a slot machine
especially : one used illegally instead of a coin
https://www.merriam-webster.com/dictionary/slug
Something about a roughly shaped heavy metal object, similar to an ingot?
That is one big honking piece of gold! Congrats!
Very nice for the grade - congrats!
Awesome, congrats!
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Wow! That's a heck of a pickup.
Wow nice piece!
Collector
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Wow, incredible 🤩🤩
Outstanding!
Your gold is bigger than my gold.
Uber cool. I want one.
Wow! What a slug. My grandfather had one in the 60's and kept it in his cash register at his store. He would show it to me and I remember it's shape and it's weight. I was about 12 or 13 at the time and it filled my palm. No one ever knew what happened to it. Congrats on a most desirable numismatic item.
Jim
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Outstanding!!
Post of the day, that’s amazing and a dream of mine too. Love the eagles feather. Proper AU
11.5$ Southern Dollars, The little “Big Easy” set
Way cool!
Iconic piece there, I like it!
It's all about what the people want...
Very nice and super cool!
The original coins were termed "Ingots" by the United States Mint because of their large weight and value of $50. These ingots became commonly known as a "Slug" because of its size.
Nice one!
Found it in the Red Book listed under Private and Territorial Gold. Sometimes referred to as ingots. "Private coins were circulated due to a shortage of regular coinage." "The stamped fifty-dollar and other gold coins were not receivable at face value for government payments."Wow...private gold coinage. You have history in your hand!!!!!
Great looking piece!
Latin American Collection
Big gold.... Great coin. Would love to hold that raw, in hand. Cheers, RickO
I have heard they were called slugs because several would be put in a sock or stocking and then used as a weapon.
Well, just Love coins, period.
Fishteeth is back with a bang! What an awesome pickup.
Did you tell your wife it was only $50
Lafayette Grading Set
I didnt tell my wife it was fifty. Told her I purchased a collection of gold when the money came out of the account. Never told her it was only one coin
thats pretty awesome
There is a neat story of a wagon trail looted by Indians in the Panamint range in California and a cache $50 slugs were stolen and buried. The Chief was seen wearing one on occasion. Neat coin!
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As a kid we used to call sheetmetal blanks that were the size of coins "slugs".
Incredible coin @fishteeth !
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Nice to have a chunk of gold you could put in a sock and knock a guy out with. Beautiful coin.
Holy crap that’s freaking beautiful 🤩
I’m 100% envious 👍👍
Impressive
That particular coin has more of the "aura" of the Gold Rush IMO than some of the higher mint state specimens.
Very Nice!!!!!!!!!
Well, just Love coins, period.
Very neat addition to your collection. Congratulations!
nice hunk of gold. i like the color
I purchased a collection several months back from across the (state) border. I had found a list of several certified coins that were supposedly in this collection on first visit, one of the coins was Humbert 50. It took several trips to get everything, and most of the coins that were on the list , eventually came thru, but this coin and one other supposedly high relief saint never came. Finally on the last day, I had asked the guy selling for the family if he knew anything about them, and he said that the grandmother gave away all the gold coins to the grandkids, nieces and nephews. I was thinking, I hope they had sense enough to know what they had, my guess is the first pawn shop or gold buying place in thier area, got a heck of a deal.