1850 $10 California Restrike - Baldwin 'Horseman' Silver Issue PCGS MS65

There are only TWO specimens traced struck in silver. We are now fortunate enough to be able to offer the finest of the two for private placement now. 

Variety - K-1b
Metal - Silver
Weight - NA
Diameter - 27mm
Edge - Plain
PCGS Grade - Restrike, Gem Brilliant Uncirculated MS65
PCGS Certification Serial number - 10461589
PCGS Population - 2 coins. The present MS65 example and a MS64. NGC also shows a MS64 and a MS65. Through a photo comparison, we believe the PCGS and NGC coins are the same.
Provenance - The Robert Bass Collection, The Finest Collection of Pioneer Patterns Ever Assembled.
During the early stages of the California Gold Rush, George Baldwin & Thomas Holman minted gold coins privately after billing themselves as the successor to Frederick Kohler, the new California Assayer. After acquiring Kohler's minting equipment and dies, Baldwin made $5, $10 and $20 gold pieces starting sometime in mid-to-late 1850. 

The 1850 Baldwin $10 issue featuring the vaquero, or horseman, was an original design created by Albert Kuner (his tiny signature appears on the obverse) while employed by Kohler but later brought into full production by Baldwin. This design, however, was so popular that sometime around the 20th century similar dies were created and used to strike specimens in a variety of different metals and then again in 2002 when several ingots recovered from the S.S. Central America were melted and made into $10 proof "49er Horseman" commemorative coins.
Modern researchers believe these coins were struck from copy dies in the period between 1906-1910, and possibly by Stephen Nagy, because of the popularity of the distinctive "Horseman" design. While the coins were undoubtedly struck in this time frame, Adams may be correct in his proclamation around the year 1912 that the dies were prepared much earlier by Albert Kuner, who engraved the dies for the original Baldwin issue. This would account for all of these "Restrikes" showing evidence of moderate to extensive die rust.
The present Silver Restrike specimen is well struck and fully lustrous with unmarked, impeccably preserved surfaces. We note extensive die rust on the obverse, as is typical for what few issues we've been able to trace. A pair of heavy die cuds reside on the lower right reverse rim, beneath NC and CO in FRANCISCO, making this a later die state. The other silver issue we know of has only one die cud. Both obverse and reverse display a light overlay of rose and lilac-gray patina on quite bright, semi-prooflike surfaces.
More Information
PCGS # 10036
Grading Service PCGS
Denomination Type California Gold
Numeric Denomination $10
Grade MS65
Mint Location Private Issue
Designation NONE
Circulated/UnCirculated Uncirculated
Strike Type Business
Holder Variety Baldwin 'Restrike' - Silver K-1b
Grade Add On NONE
Holder Type N/A
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