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Also, the small California Gold coins and tokens have been made in many locations other than California, often with a claim of being from California on the piece and these items are generally labeled as California Gold Coins or Tokens. Coin-like ingots were produced from 1849 until 1856 in denominations of $1, $5, $10, $20, $25, and $50.
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-dollar coins, all dating from 1847 to 1894. The collection is the largest known discovery of buried gold coins that has ever been recovered in the United States. [1]
Fractional gold coinage was produced as legal tender for a single year in 1871, sporting an "L" stamp for Levison Brothers, making use of locally available California gold. The company bought out R.B. Gray Co. of San Francisco, [ 7 ] and was then able to continue making fractional gold [ 8 ] using those facilities until authorities attempted to ...
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.
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
The 1851 Humbert $50 gold ingot was an Ingot produced by Moffat and Company, under the direction of Augustus Humbert (U.S. Assayer of the treasury) [1] This "coin", while technically an ingot, was still used and unofficially considered currency. It was also the largest ingot produced during the California Gold Rush, weighing almost 2.5 oz.
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