Rare American coins: their description, and past and present fictitious values . esthe controversy beyond dispute : Treasury Department, Office of the Director of the Mint, Washington, D. C, May 1. Sir, — I have received your letter of the requesting to be informed if the $50 Slug is an authorized United States coin. The California Slug is not an authorizedUnited States coin, but simply a slug, or bar,with the United States stamp, indicating the de-gree of fineness and value affixed by the UnitedStates Assayer, appointed by authority of law, toperform such duties in assay

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Rare American coins: their description, and past and present fictitious values . esthe controversy beyond dispute : Treasury Department, Office of the Director of the Mint, Washington, D. C, May 1. Sir, — I have received your letter of the requesting to be informed if the $50 Slug is an authorized United States coin. The California Slug is not an authorizedUnited States coin, but simply a slug, or bar,with the United States stamp, indicating the de-gree of fineness and value affixed by the UnitedStates Assayer, appointed by authority of law, toperform such duties in assaying and fixing thevalue of gold in grain and lump, and in formingthe same into bars, as shall be prescribed by theSecretary of the Treasury. The prices of California slugs vary accord-ing to fineness, and the round slug commandsthe highest premium, as follows: Round California Gold slug, uncird fine Octagon good uncird fine goodThere are several varieties, chiefly datedand 1852, the former the rarest date. $ . . 85l RARE AMERICAN

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Keywords: ., bookcentury1800, bookdecade, booksubjectnumismatics, bookyear1887