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1854 KELLOGG & CO. TWENTY DOLLARS - KAGIN 1b

Obverse of 1854 Kellogg & Co. $20 - Kagin 1b   Reverse of 1854 Kellogg & Co. $20 - Kagin 1b

Rarity: Rare

Variety Equivalents: Breen 7917

Notes:
Obverse - "KELLOGG & CO" is close to being centered on the coronet (unfortunately, Kagin illustrated this variety with an example with "KELLOGG & CO" high on the coronet). The date is called "thin" on this variety and distinguishes itself from Kagin 1a by having a ball on the 5 of the date.

Reverse - short arrowheads.  Identical to the reverse of the 1853 Moffat & Co. $20 (and may, in fact, be the same die). 

1854 Kellogg & Company Twenty Dollars
Kagin 1b
Images courtesy of the Museum of the American Numismatic Association

Sources and recommended reading:
"Walter Breen's Complete Encyclopedia Of U.S. And Colonial Coins" by Walter Breen

"Private Gold Coins and Patterns of the United States" by Donald H. Kagin