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Sales of Saddle Ridge Hoard coins begin May 27 at charity benefit for Old SF Mint

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By Paul Gilkes - Coin World Staff
Published : 05/02/14
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The sale of the Saddle Ridge Hoard of 1,427 19th century U.S. gold coins unearthed in February 2013 in northern California will kick off May 27 with an auction to benefit the Old San Francisco Mint.

Sale of the remaining hoard coins will begin online soon after.

The San Francisco Museum and Historical Society will host an exclusive viewing of Saddle Ridge Hoard coins and artifacts at the Old Mint at 5th and Mission streets.

Among the items to be seen will be the rarest coin in the hoard — an 1866-S Coronet, No Motto $20 double eagle graded Mint State 62 by Professional Coin Grading Service.

General admission is $10 to the May 27 event, which starts at 7:30 p.m. Pacific Time, followed at 8:30 p.m. by the auctioning of a hoard coin — an 1874-S Coronet gold double eagle, one of the first coins struck at the Old Mint. The 1874-S double eagle is graded PCGS About Uncirculated 53. 

The coin was donated for the auction by the couple who found the hoard.

“The family who found the treasure are very excited about bringing the coins back to the actual U.S. Mint on 5th and Mission where most were originally struck over a century ago,” said Donald Kagin, whose firm, Kagin’s Inc. in Tiburon, Calif., is handling the marketing and sale of the treasure.

“This will be the only opportunity for the numismatic community in Northern California to view the best coins from the Saddle Ridge Hoard and participate in an auction of 2006 Old Mint commemorative coins as well as the 1874-S $20 Saddle Ridge coin which will benefit the establishment of the American Money and Gold Rush Museum at the S.F. Mint.”

In addition to the 1874-S double eagle to be sold at auction, at least one PCGS Proof 70 example each of the 2006-S San Francisco Old Mint gold $5 half eagle and the 2006-S San Francisco Old Mint silver dollars will be offered for bidding.

Other to-be-determined numismatic items may also be included, according to Kagin’s.

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