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1851 Baldwin $10 Gold, MS60 [166174]

Currency:USD Category:Coins & Paper Money Start Price:90,000.00 USD Estimated At:180,000.00 - 250,000.00 USD
1851 Baldwin $10 Gold, MS60 [166174]
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1851 $10 Baldwin in NGC MS60. This is a remarkable coin of great rarity and historical importance in the world of US Territorial gold coins. Only nine Baldwin coins appear in the PCGS census, and seven coins in the NGC census. Undoubtedly, many of these are the same coins, broken out of their holders and resubmitted for possible "upgrade." There are at least two more examples that have never been outside a museum. Only two Baldwin $10's were recovered from the S.S. Central America.

Baldwin was one of the first private coiners, entering the California Gold Rush market in March of 1850 at a time when there was very little circulating coin, and placer gold was the coin of the time. Many merchants were used to "a pinch of gold dust" in exchange for a dollar, but size and purity were a problem. Gold assayers soon ruled the day, melting the gold dust into monetary ingots.

But Baldwin's gold coins, at first very popular, were soon the subject of scorn after James king of William submitted several Baldwin (and others) coins to US Assayer Augustus Humbert, who found the Baldwin $10 to contain $9.74. Soon, English banking entities began their own testing of the California "Territorial" gold coins, and also concluded a similar understanding. Baldwin could not overcome this bad publicity. His coins were bought in as bullion, melted, and sold for their gold value, leaving very few for collectors today.

This is an exceptionally rare opportunity to obtain a mint state Baldwin coin.

Date: 1851
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