James Owens - Pacific Coast Auction Galleries 6/1987:1820, $42,000 - Riverboat Collection - Heritage 4/2014:5439, $340,750
Louis Eliasberg, Sr. Collection - Bowers & Merena 5/1996:355, $31,900 - Stack’s 7/2008:2243, $166,750 - Heritage 8/2013:5957, $235,000
Stack's, sold privately in 1939 for $1,000 - Col. James Flanagan Collection - Stack's 3/1944:1547 - possibly Arthur Nussbaum Collection - Kenyon Painter Collection - Jess Peters 8/1973:1008 - RARCOA “Auction '79” 7/1979:1472 - Riverboat Collection - Heritage 4/2014:5440, $152,750
The 1851 Schultz & Co. $5 is a very rare coin, with an estimated 15-20 examples known today. The finest numerical grade assigned to any of these coin is NGC MS62. This remarkable coin sold in eacrly 2014 and set a new price record for the date.
Early states of the die are perfect, but the die quickly developed a crack atop the letters of GOL on the reverse, which eventually broke off and appears as a massive cud on at least one example. This may explain why the coin is such a rarity today.
The dies are attributed to Albert Kuner, who worked with Schultz & Co. to provide dies for several of the private California minters.
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