Precious Metals

Gold nuggets and ingot highlight Kagin’s auction

Gold nuggets from around the world, a gold assay ingot from the SS Central America and Mormon gold coins highlight Kagin’s Sept. 21 auction held in conjunction with the Santa Clara Coin Expo in Santa Clara, California.

The gold nugget lots include a 3.02-ounce nugget from California measuring 55 millimeters by 35 millimeters by 18 millimeters.

replica 1,000-unit Nova Constellatio patternInside Coin World: Reader’s 1783 Nova Constellatio piece is a replica The “Readers Ask” column responds to a collector who owns what looks like a very famous and very rare U.S. coin from 1783.

An Australian gold nugget measuring 48 millimeters by 35 millimeters by 6 millimeters weighs 1.82 troy ounces.

There is a 1.14-ounce nugget from Papua New Guinea measuring 39 millimeters by 24 millimeters by 12 millimeters.

Three nuggets from the Round Mountain Mine in Nye County, Nevada, are offered in two separate lots. A single nugget lot contains a piece weighing 3.95 troy ounces and measuring 76.2 millimeters by 73.025 millimeters by 12.7 millimeters. The second lot contains two nuggets totaling 1.89 troy ounces in weight. The nuggets exhibit different coloration, illustrating differing concentrations of silver in the gold.

Gold ingot

The face of the gold ingot from San Francisco assayers Kellogg & Humbert, with serial No. 826 at top, shows KELLOGG / & / HUMBERT / ASSAYERS within a rectangle below the serial number. Below the assayers mark are the inscription 85.35 OZ. / .896 FINE / $1580.85. A fineness test cut shows at the lower right corner on the face but is much more obvious at the lower left on the reverse face. The back face carries the serial number 826 at top, but is otherwise plain.

The $1,580.85 was the value of the gold in the ingot at the time of its manufacture.

Mormon gold $2.50 coin

Among the Mormon gold coins offered is an 1849 Deseret Assay Office $2.50 coin, Kagin 1 as attributed in Private Gold Coins and Patterns of the United States by Donald H. Kagin. It is graded and encapsulated About Uncirculated 58 by Numismatic Guaranty Corp. The coin is among those authorized by Brigham Young and the Mormon Church in Utah and struck by the newly formed Deseret Mint.

The obverse exhibits clasped hands, date 1849 below with the abbreviation G.S.L.C.P.G. (Great Salt Lake City Pure Gold) and TWO. AND. HALF. DO. around. The reverse features a bishop’s miter with all-seeing eye of Jehovah at center, HOLINESS TO THE LORD around. The edge is plain.

The opening session featuring the highlights comprises 387 lots. A 22.9 percent buyer’s fee will be added to the closing hammer price of each lot won, with a 2.9 percent discount for payment in cash or cash equivalent.

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