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Better than a sharp stick in the eye (much better)...

1851 $20 Baldwin & Company


PCGS pop= A single XF45
NGC pop= A single XF45
This coin is only one of three known pieces, and is certainly the finest. It is totally original and would grade MS62.
Baldwin & Company was started in 1850, after George Baldwin and Thomas Holman bought out Kohler & Company, the San Francisco-based company that are believed to have struck Miners Bank, Cincinnati Company and Pacific & Company pieces, among others. Baldwin struck $5 and $10 gold coins in 1850, and issued $10 and $20 gold coins in 1851. The firm was discredited in 1851 by journalist and occassional banker James King of William, who commissioned an assay of privately minted gold coins which showed Baldwin's coins to be underweight.
Baldwin's most famous coin is probably the 1850 $10 Vacquero or Horseman; however, the 1851 $20 is probably 4+ times rarer than the popular Horseman, and ranks among the most desirable Pioneer Gold issues.


PCGS pop= A single XF45
NGC pop= A single XF45
This coin is only one of three known pieces, and is certainly the finest. It is totally original and would grade MS62.
Baldwin & Company was started in 1850, after George Baldwin and Thomas Holman bought out Kohler & Company, the San Francisco-based company that are believed to have struck Miners Bank, Cincinnati Company and Pacific & Company pieces, among others. Baldwin struck $5 and $10 gold coins in 1850, and issued $10 and $20 gold coins in 1851. The firm was discredited in 1851 by journalist and occassional banker James King of William, who commissioned an assay of privately minted gold coins which showed Baldwin's coins to be underweight.
Baldwin's most famous coin is probably the 1850 $10 Vacquero or Horseman; however, the 1851 $20 is probably 4+ times rarer than the popular Horseman, and ranks among the most desirable Pioneer Gold issues.
What is now proved was once only imagined. - William Blake
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Comments
PCGS pop = 22 graded between Fine and AU58
NGC pop = 6 graded between VF and AU58
It must be noted that these numbers are CERTAINLY swelled with resubmissions - if there are 15 gradable coins out there, I would be surprised.
This piece is probably the finest extant, and would easily grade MS62 today. It is fully lustrous and original, with lovely satiny surfaces. The 1861 $20 Clark Gruber is probably one of the most undervalued Pioneer Gold coins available today.
The discovery of gold in present-day Colorado encouraged another Gold Rush in the late 1850s and early 1860s. Again, a stable and efficient means of exchange was desperately needed, and once again, private mints sprang up to satisfy this need. Chief among the Colorado Coiners was the firm of Clark, Gruber & Company. Acting not only as a mint, but as a bank as well, Clark-Gruber developed a reputation for integrity and competence that would lead the U.S. Government to purchase the company’s operation in 1863.
Clark Gruber & Company struck $2 1/2, $5, $10 and $20 gold coins in both 1860 and 1861. As a denomination, Double Eagles are the rarest coins issued by Clark Gruber.
What is now proved was once only imagined. - William Blake
The device punch made by Charles Cushing Wright in 1851 that was used to make the dies for Humbert's Lettered-Edge slugs. A single impression from this punch is known in copper, and is currently part of the most comprehensive set of Pioneer Gold patterns ever assembled.
What is now proved was once only imagined. - William Blake
nice stuff.
What is now proved was once only imagined. - William Blake
PCGS pop = 14 total with one 60, a 63 and a 64
NGC pop = 9 total with three 60s, two 61s, a 62 and a 63
The 1853 $20 Assay Office 884-Thousandths pieces were struck in late February of 1853, during a coin shortage caused by the fact that the Assay Office had run out of parting acids used to refine the local gold. In August of 1852, Congress had passed a law requiring all coins used for customs dues to be .900-fine, and the Assay Office tried to comply with this requirement as best they could; however, during the coin shortage of 1853, local merchants prevailed upon the USAOG to issue coins in a lower fineness to meet the needs of trade. These pieces were only struck for a week or so and are quite challenging in any grade. This example would most likely grade MS61, putting it in the condition census for the variety.
What is now proved was once only imagined. - William Blake
What is now proved was once only imagined. - William Blake
I feel like a one-eyed cat in a fish store. Mike
What is now proved was once only imagined. - William Blake
What is now proved was once only imagined. - William Blake
What is now proved was once only imagined. - William Blake
What is now proved was once only imagined. - William Blake
What is now proved was once only imagined. - William Blake
What is now proved was once only imagined. - William Blake
Don't forget to check the fineness on that "silver" Pacific $1
(and a marketing suggestion: is California license plate SLUGHUB taken yet?)
Betts medals, colonial coins, US Mint medals, foreign coins found in early America, and other numismatic Americana
Awesome coins!
What is now proved was once only imagined. - William Blake
What is now proved was once only imagined. - William Blake
What is now proved was once only imagined. - William Blake
What is now proved was once only imagined. - William Blake
Regulated, what metal detector model are you using? I need to get one of those, as it seems you are doing quite well.
......thanks for the slide show. Very nice.
"Heyyy everyone ... look at myyyyyy Mormon $20!!"
In all seriousness -- what a magnificent run of coins! Thanks for sharing David. That run of coins would have made John Work Garrett loosen his starched collar and could have even made ol' Ed Adams do a little dance.
Now ... how about some pedigrees?
Betts medals, colonial coins, US Mint medals, foreign coins found in early America, and other numismatic Americana
What is now proved was once only imagined. - William Blake
Wow, those were great.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
You must be confusing me with Art Kagin.
What is now proved was once only imagined. - William Blake
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Thank you for sharing......simply incredible
Hell, I don't need to exercise.....I get enough just pushing my luck.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
What is now proved was once only imagined. - William Blake
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What is that thing under the beaver???
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Um, I think the beaver is a he (or did you mean the log?).
What is now proved was once only imagined. - William Blake
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Liberty: Parent of Science & Industry