That's 11.2 km/s and 42.1 km/s.

Also, even if the manhole cover was going at above 12 km/s the trajectory has to be right for that to result in orbit. Most paths it would take would result in it going up and then coming back down again. Similarly, if somehow it did manage more than 50 km/s and wasn't destroyed in the atmosphere, it might have the velocity to escape the sun's gravity, but probably wouldn't be on the right path to do it. Most likely it would fall into the sun.

So, assuming the 125,000 mph (55 km/s) velocity is correct, the most likely outcome is that it was a reverse-meteor, something that burned up going up through the atmosphere, not down. And even if it did have enough speed to get out of the atmosphere, and there was enough of it left, it most likely fell right back down through the atmosphere somewhere else, either burning up on re-entry or hitting the ground (or the water) somewhere else.