Tag: California Fractional Gold Coins
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1851 $50 Lettered Edge Gold Slug.
In 1851 the need for coins was so great in San Francisco and surrounding gold camps, that the first denomination produced by the U.S. Government sanctioned Assay Offices was $50. These 2 1/2-ounce ingots were quickly absorbed into the booming gold rush economy. By September of 1851 the mass production of $50 slugs by Humbert’s…
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Guide to Collecting Period II California Fractional Gold Pieces.
Many of the collectors that I deal with think that California Fractional Gold is an undervalued area within United States rare coins (as long as one deals with a credible dealer) and nice type sets could actually benefit almost any type of Federal Issue collection. One thing is for certain, there are many “steals” that…