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Tokens with a stated tender value were produced from 1852 until 1883 as well as spuriously in later years. These were made in denominations of $1, $0.50, and $0.25 in both round and octagonal shapes. In the early period, from roughly 1852 through 1853, the coins were made for actual use due to a scarcity of silver coins.
The Official Red Book. A Guide to United States Coins. R.S. Yeoman; Augustus Humbert and the United States Assay Office; Recently Certified "New Discovery" 1851 Augustus Humbert $50 Gold Graded NGC MS 65* | NGC; 1851 Augustus Humbert $50 Gold Piece Realizes $460K, Bowers and Merena Coin Rarities Sale Totals Over $3.3M
This was the first time the United States government minted pure (.9999) 24-karat gold coins for the public. The coin contains one-troy ounce (31.1g) of pure gold and has a legal tender (face) value of US$50. Due to a combination of the coin's popularity and the increase in the price of gold, the coin's value has increased considerably.
The Saddle Ridge Hoard is the name given to a hoard of 1,427 gold coins unearthed in the western half of the Shasta Cascade region, of Northern California in 2013. The face value of the coins totaled $27,980, but was assessed to be worth $10 million. The hoard contains $27,460 in twenty-dollar coins, $500 in ten-dollar coins, and $20 in five ...
California Pioneer Fractional Gold: Historic gold rush small change 1852–1856 and suppressed jewelers' issues 1859–1882 (with Ronald Gillio) Santa Barbara: Pacific Coast Auction Galleries, 1983. The Encyclopedia of United States Silver & Gold Commemorative Coins 1892 to 1954 (with Anthony Swiatek) New York: Arco Pub./F.C.I. Press, 1981.
They are kept as a store of value or an investment rather than used in day-to-day commerce. [ 1 ] Under United Kingdom law, a bullion coin may be marketed as a coin if it is minted after 1800, is at least 900 thousandths fine, and are (or have been) legal tender in their country of origin. [ 2 ]
The National Gold Bank Notes were authorized under the provisions of the Currency Act of July 12, 1870. [5] The series was a result of the California Gold Rush, where gold coins were preferred in commerce. [6] Ten national gold banks were charted, nine of them in California and one in Boston, Massachusetts.
Territorial gold was the gold token coinage that began to be produced in U.S. territories at the time of the California Gold Rush. California gold coins were issued from 1849 to 1883; Mormon gold coinage in Utah Territory from 1848 to 1860; " beaver coins " in Oregon Territory in 1849; and gold coins in Colorado Territory from 1860 to 1861.
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