1850 $10 California Gold Eagle Brass Restrike Brockage - Baldwin Horseman K-1d NGC XF45

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1582137056

1850 $10 Baldwin “Horseman” design remained so popular that sometime around the turn of the 20th century similar dies were created and used to strike specimens in many different metals. These are called "Restrikes” and were issued at some subsequent date (Breen believes 1906-1910, and quite possibly created for dealer Steven Nagy or even Henry Chapman). Since Kuner lived until 1906, in 1912 it was speculated by Edgar Adams these dies were also the work of the original master, Kuner. NOTE: A great parallel to these Baldwin Restrikes are the Bechtler $5 gold Restrikes issued during the 1920’s. These coins are extremely scarce and highly collectible today, and as such, are also very popular with collectors, and can sell for up to six-figures!

The Baldwin & Co. Restrikes were made in a variety of metals, including a unique gold specimen, silver, copper, brass, lead, and white metal. Gilt specimens in copper and white metal are also known to exist. All of the metal variants are very rare and all are extremely popular with collectors. According to Ron Guth, the dies of these Restrikes are quite similar to the originals, but do show slight differences. For example, the fonts used for the legends on the Restrike issue are different from those used on the Original design. Also Originals have reeded edges; the Restrikes have plain edges.

Today, we have the opportunity to offer a nearly complete set of the highest graded specimens of the Horseman Restrike (missing the lead example) and also an actual circulated example of the original coin – one of only 12 to 15 known to exist in all states-of-preservation. These Restrikes are prohibitively rare and in some cases, rarer than the original 1850 gold issue. Also, some of the rare Justh and Hunter gold ingots recovered from the SS Central America were melted down in 2002 and restrikes of the 1850 $10 Baldwin were created called the “49er Horseman.” These were an overnight success and are frequently marked as “sold out” on popular internet websites.

The present unique Brass Restrike Brockage specimen shows a great variety of error as the obverse displays a double reeding through the upper half of the fields and the "D" of BALDWIN can be easily discerned, along with portions of the surrounding letters "L" and "W." The reverse shield is easily spotted as well, located between the 1850 date and the ground base upon which the image of the horse is positioned. On the reverse is a worn down die cud at 4 o'clock and the beginning of a misalignment of the die at 9 o'clock, a feature which is especially evident on the Silver Restrike.

There are only TWO specimens traced in Brass. This one is a highly unusual brockage error. In coin collecting, a brockage refers to a type of error coin in which one side of the coin has the normal design and the other side has a mirror image of the same design impressed upon it. We are now fortunate enough to be able to offer this unusual error variety for private placement now. 

Variety - Kagin 1d
Metal - Brass
Weight - 133 grains
Diameter - 27mm
Edge - Plain
NGC Grade - Token, Choice Extremely Fine 45
NGC Certification Serial number - 3109392-001
NGC Census - 1 coin. The present coin is unique as a brockage error. There is one regular issue specimen in Brass (MS64).
Provenance - The Robert Bass Collection, The Finest Collection of Pioneer Patterns Ever Assembled.
More Information
PCGS # 698376
Grading Service NGC
Grade XF45
Denomination Type California Gold
Numeric Denomination $10
Mint Location Private Issue
Designation NONE
Circulated/UnCirculated Circulated
Strike Type Business
Holder Variety 1850-Dated $10 Baldwin Horseman Restrike - Unique Brass Brockage
Grade Add On NONE
Holder Type N/A
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