(sold for $67.0)

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1880, USA. California Fractional Gold? 1/4 Dollar (25C) Coin. Uncertain Type!

Mint Year: 1880
Region: California
Denomination: 1/4 Dollar (25 Cetns)
Reference: Uncertain, according to NGC (see NGC ticket below!)
Condition: Minor scrape in obverse, otherwise a nice lustre XF-AU!
Material: Gold? or Gold-Plated
Diameter: 10mm
Weight: 0.11gm



Obverse: Indian head left, surrounded by 13 stars. Date (1880) below.

Reverse: Fractional dollar value (1/4) above denomination (CAL.GOLD) and rosette. All wihtin wreath.

California gold coinage was produced from the early 1850s until 1882. In the early period, from roughly 1852 through 1856, the coins were made for actual use due to a lack of familiar small denomination currency in the California gold fields. This shortage eased around 1856 and the gold coins made in the later period appear to have been intended only as souvenirs. They generally show little circulation wear and contain less gold than would be expected from their face value. California gold was made in denominations of $1, 50 cents, and 25 cents. As a result, the coins were quite small. Some are round; others octagonal. They were issued by private businesses, usually jewelers, and were often hand-struck.

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The California Gold Rush (1848–1855) began on January 24, 1848, when gold was found by James W. Marshall at Sutter's Mill in Coloma, California. All told, the news of gold brought some 300,000 people to California from the rest of the United States and abroad. Of the 300,000, approximately half arrived by sea, and half came overland from the east, on the California Trail and the Gila River trail.

The gold-seekers, called "forty-niners" (as a reference to 1849), traveled by sailing ship and covered wagon and often faced substantial hardships on the trip. While most of the newly arrived were Americans, the Gold Rush attracted tens of thousands from Latin America, Europe, Australia, and Asia. At first, loose gold and gold nuggets could be picked up off the ground. Later, gold was recovered from streams and riverbeds using simple techniques, such as panning. More sophisticated methods were developed and later adopted elsewhere. At its peak, technological advances reached a point where significant financing was required, and mining companies became important. Gold worth tens of billions of today's dollars was recovered, which led to great wealth for a few. However, many returned home with only a little more than what they had originally started with.

The effects of the Gold Rush were substantial. San Francisco grew from a small settlement of about 200 residents in 1846 to a boomtown of about 36,000 by 1852[citation needed]. Roads and other towns were built throughout California. In 1849 a state constitution was written, and a governor and legislature were chosen. California became a state as part of the Compromise of 1850.

New methods of transportation developed as steamships came into regular service. By 1869 railroads were built across the country from California to the eastern United States. Agriculture and ranching expanded throughout the state to meet the needs of the settlers. At the beginning of the Gold Rush, there was no law regarding property rights in the goldfields and a system of "staking claims" was developed. The Gold Rush also resulted in attacks on Native Americans, who were often forcibly removed from their lands. Gold mining also caused environmental harm to rivers and lakes.

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Price
This coin has been sold for   $67.0

Notes: http://www.ebay.com/itm/152154136676 2016-07-10

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Posted by: anonymous
2016-07-04
 
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