(sold for $161.0)

1859, United States of America. Tiny Fractional California Territorial Gold 1/4 Dollar Coin. 0.46gm!

Mint Year: 1859 Reference: KM-1.2. var. Condition: A nice AU-UNC! Denomination: Fractional California Territorial Gold 1/4 Dollar Diameter: 10mm Weight: 0.45gm Material: Gold! Obverse: Braided diademed head head of Lady Liberty left. Date (1859) below, 13 stars around.

Reverse: Central star, surrounded by inscription. All within wreath. Legend: CALIFORNIA * GOLD

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. The first to hear confirmed information about gold in California were residents of Oregon, the Sandwich Islands (Hawaii), western Mexico, and Central America. They were the first to go there in late 1848. 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), 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, the 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, increasing the proportion of gold companies to individual miners. Gold worth tens of billions of today's dollars was recovered, which led to great wealth for a few. However, many returned home with little more than what they had 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. 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 forcibly removed from their lands. An estimated 100,000 California Indians died between 1848 and 1868, and some 4,500 of them were murdered. Gold mining also caused environmental harm to rivers and lakes.

Only 1$ shipping for each additional coin purchased!