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Territorials




Beginning in the late 1820s, an extended period of growth and prosperity began in the United States. Although based largely on land speculation, this expansion was intensified by a series of gold strikes that brought new wealth to parts of northern Georgia and the Carolinas, California, Oregon, and finally Colorado. Despite their vast geographical differences, all of these areas had similar economic interests and shared common problems. From each it was hazardous and costly to transport gold dust to Philadelphia for assay and coining. This in turn led to local economies based largely on barter or the use of “pinches” of gold dust, a notoriously inaccurate method for simple commercial transactions. As in the nation at large, there was a shortage of circulating coinage before the gold strikes, which became acute with the sudden influx of thousands of miners. And most importantly, all of these mineral rich regions were ignored by the federal government, whose prerogative it was to strike coinage and establish mints. While the U.S. Constitution expressly prohibited the states from issuing their own money, there was no law against individuals doing so. Private individuals and companies quickly stepped in to fill the void left by the federal government, producing coins and ingots referred to by numismatists as pioneer or territorial issues.

The first major U.S. gold rush began in 1828 with the discovery of large deposits in Georgia and North Carolina. In 1830, Georgia gunsmith-turned-assayer Templeton Reid became the first to privately mint gold coins. Reid made ten, five and two-and-one-half dollar pieces, all of which are very rare today. Later in the same year a German immigrant family of jewelers named Bechtler began to turn Georgia and Carolina gold into gold dollars. Bechtler gold was produced for eighteen years in three denominations: one, two-and-one-half, and five dollars. After 1834 there are three “location stamps” found on the Bechtler coins: NORTH CAROLINA GOLD, CAROLINA GOLD, and GEORGIA GOLD. Rather than denoting the origin of the ore used, these stampings are indicators of the typical fineness of the gold, respectively 20, 21 and 22 carats. Although Bechtler gold was highly regarded throughout the South for years, after the passing of founder Alt Christoph Bechtler and his son August, in 1846 the firm was handed over to Christoph Jr., and his drinking problem obviously got in the way of business. This is reflected in the debasement and discrediting of Bechtler coins during the last two years of production.

Throughout the ages, the lure of gold has motivated man to brave almost any hazard in its quest. So it was again in California in 1848 when the greatest gold rush in U.S. history began with John Marshall’s discovery on the American River. Thousands of modern Argonauts suffered the rigors of arduous journeys “around the Horn,” through deadly Panamanian jungles or treks across the North American continent. Nothing of this magnitude had been experienced before. But so much gold came out of California that the precious yellow metal’s price fell sharply against that of silver, resulting in what little silver coinage there was disappearing from circulation. In the mining communities, however, with the unprecedented influx of wealth seekers from around the globe, the problem was even worse. Although there was plenty of money around—in the form of gold dust and nuggets—an acute lack of coinage hampered commerce at every turn.

A similar situation existed in all the other early American gold mining regions, both before and after the California strike. Despite their vast geographical differences, in all these areas it was hazardous and costly to transport gold dust to the east coast for assay and coining. Local economies were based largely on barter or the use of “pinches” of gold dust, a notoriously inaccurate method. Branch mints were sorely needed, but the federal government, due to a combination of indifference, politics and sectional rivalries, refused to authorize a mint for any of the gold mining areas. While the U.S. Constitution expressly prohibited the states from issuing their own money, there was no law against individuals doing so. Into this void stepped numerous private firms, each producing coins and ingots known to numismatists as pioneer or territorial issues. By the end of 1849 there were approximately eighteen such companies in California, almost all located in the San Francisco area. Norris, Gregg and Norris was the first of these concerns to issue coins. Norris produced five-dollar coins, and virtually all of these were minted in Benicia, although inscribed San Francisco. Only two pieces survive today that were struck in Stockton. Norris fives are scarce, but occasionally an XF or AU specimen will appear.

No doubt the most important name among the early private California issues was that of Moffat & Co. John Moffat and his three partners began striking five and ten-dollar gold coins in 1849 and continued until the end of 1853. Moffat’s reputation remained unimpeachable throughout the era, and its coins passed at par with federal coinage, the only privately minted coins to do so. When the company finally closed its doors in December, 1853, its equipment was purchased by the San Francisco Mint. Rare in Mint State, Moffat coins are generally found in circulated grades.

The only other firms among the early issuers of California gold whose coins are occasionally seen today are the Miners Bank and Baldwin & Co. Miners Bank ten-dollar coins were crudely manufactured, struck using the ancient hammer method, as coining presses were unavailable at the time. Baldwin & Co. issued fives and tens in 1850, adding twenties the following year. Other gold coin issuers in 1849-50 include such names as J.H. Bowie, Cincinnati Mining & Trading Co., Dubosq & Co., Massachusetts and California Co., J.S. Ormsby, Pacific Company and Shultz & Co. Surviving examples from all these firms are great rarities today, not because so few were struck, but rather because of widespread melting in the early 1850s. Interestingly, their high attrition rate is almost solely attributable to one man, James King of William.

King was a banker, originally from the Washington, D.C. area, who gave himself the title “of William” to distinguish himself from several other James Kings in the region. In March, 1851, King sent a group of private territorial gold coins to Augustus Humbert, United States Assayer at the time. The assay showed that the coins contained 97-99% of their stated value. King sent the results to the local newspapers, and the negative publicity created a panic. Local bullion dealers and bankers, including King, refused to accept most private coins for more than 80 cents on the dollar. Many people sold at this ridiculous price. King and others fortunate enough to purchase pieces at this deep discount made huge profits by reselling the coins to Humbert who turned them into $50 Assay Office “slugs.” The coins specifically targeted by King’s assaying scheme were from the three firms of Baldwin, Schultz, and Dubosq, but all the other private concerns (except Moffat) suffered from guilt by association, and their coins were widely melted. As a result, most early California territorial issues are extremely rare.

Although Congress failed to authorize a branch mint for San Francisco, in 1850, as a stop-gap measure, it approved an Assay Office in its stead. The government contract to produce fifty-dollar ingots was awarded to Moffat & Co. with Augustus Humbert as U.S. Assayer. In 1851, the management team of Moffat and Humbert struck the impressive octagonal fifty-dollar gold pieces with their “engine turned” reverses. After James King’s intrigues effectively stopped further private production of small denomination coins, in March 1851, Moffat petitioned the federal government for permission to issue pieces smaller than the fifty-dollar “slugs.” For political reasons, permission was at first denied, as this would have turned the Assay Office into a de facto mint. The following year, however, the Treasury Department relented, and the Assay Office minted ten and twenty-dollar coins in 1852 and 1853. After Moffat retired in February, 1852, the Assay Office contract was taken over by his former partners, Curtis, Perry & Ward. In December 1853, the U. S. Assay Office was closed to make way for the new San Francisco Mint. Unlike the other private issues, the semi-official Assay Office coins never suffered from widespread melting, and many examples survive to this day. At one time, two collectors, George Walton and John A. Beck, each accumulated more than one hundred of the fifty-dollar “slugs.”

The lack of refining acids on the west coast was a consistent theme for all California gold producers. Because of the naturally occurring high gold content found in California ore, most Gold Rush coinage was struck without alloy. This produced coins that varied in fineness between 850 and 925 thousandths. The U.S. Mint, however, could not tolerate a variable standard: by law, U.S. gold coins had to be .900 fine. But the lack of parting acids necessary to operate a branch mint delayed that institution's opening until 1854, and even after production officially began, coining operations were periodically suspended when refining acids became scarce again. The daily needs for coinage continued, however, but by 1854, most small denomination gold coins had been melted. Into this void stepped two highly reputable firms, Wass, Molitor & Co. and Kellogg & Co.

Wass and Molitor were two Hungarian immigrants who established an assay office in San Francisco in 1851. With a reputation for scrupulous honesty second only to John Moffat’s, the two men issued five and ten-dollar pieces in 1852. When the Assay Office and later the federal mint began striking their own gold coins, Wass and Molitor ceased their coining operations. But when the newly opened mint failed to produce enough coinage to satisfy demand and then closed in 1855 because of a lack of parting acids, local bankers and merchants petitioned the firm to resume production. Obliging, they issued ten, twenty, and fifty-dollar gold pieces in 1855. Although the San Francisco Mint rated the coins from Wass, Molitor at full face value, most were nevertheless melted and converted into federal gold. Today ,Wass, Molitor & Co. pieces are among the most highly coveted of all territorial issues.

Another individual asked by local bankers to produce coinage was John Kellogg, a former cashier for Moffat & Co. While only in operation for two years, 1854 and ‘55, Kellogg & Co. produced more than six million dollars in gold coinage. Today, the Kellogg twenties are among the more available California territorial issues. This is due in part to the large number produced, but also because of a hoard of 58 pieces found in Thayer County, Nebraska in 1907. Allegedly, two ranchers hid the coins while being pursued by hostile Indians in 1867. They were presumably killed, as the coins were found by two boys playing in the woods near Alexandria, Nebraska forty years later. Most high grade Kellogg twenties known today come from this hoard.

While no gold was discovered in Utah, Mormon prospectors brought large quantities of California gold back to the Salt Lake City area. Brigham Young conceived the idea of a distinctive Mormon coinage, and four denominations of two-and-one-half, five, ten, and twenty-dollar coins were struck in 1849-50. While the ten dollar pieces featured the legend PURE GOLD, the other denominations (which were struck later) displayed the initials G.S.L.C.P.G. These stood for “Great Salt Lake City Pure Gold,” an obvious misnomer as all the gold came from California. A second issue was produced in 1860 from bullion brought from strikes in Colorado. All the Mormon gold coins use religious symbols for the central design motifs, and the 1860 pieces use the Deseret alphabet (now extinct) to spell out the legend HOLINESS TO THE LORD. Mormon coins were the first of the Western territorials to be publicly vilified as lightweight and of low fineness. An assay performed on a group of more than $500 face value in Mormon coins in 1851 found the average ten-dollar piece contained only $8.52 in gold. When these figures became public knowledge, the coins were discounted 20-25% by bankers and merchants. Widespread melting followed, and today Mormon gold pieces are very rare, although circulated fives occasionally appear.

Like the Mormons of Utah, the territory of Oregon also found it had to deal with the problem of gold dust from California. In the spring of 1849, eight partners established the Oregon Exchange Company in Oregon City. The firm struck 6,000 five-dollar coins and an estimated 2,850 ten-dollar gold pieces, all featuring a beaver as the central design motif with the remainder of each side taken up with statutory legends. The five-dollar pieces have obvious errors in two of the legends that reflect the hurried conditions under which the coins were struck. The obverse displays the initials of the company's eight partners, but partner Gill Campbell's initial was cut into the die as G. rather than C. The second error was a mispunching of T.O. for Territory of Oregon rather than the more conventional O.T. for Oregon Territory. Both errors were corrected on the ten-dollar coins. As with the Mormon gold coins, the Oregon “Beavers” were struck from unalloyed gold. To compensate for any possible deficiency in fineness, the coins were made heavier than federal gold pieces. However, unlike the coins struck in Utah, Oregon “Beavers” actually contained more gold than their stated face value. But like most other early private gold issues, the Oregon coins suffered from guilt by association and were deeply discounted. Virtually all were melted and survivors are seldom seen.

Ten years after gold was first discovered in California in 1848, the precious yellow metal was found in the territory of Colorado (or Jefferson Territory as it was then known). Just as in California and the other mining regions, shipment eastward to the Philadelphia Mint was long and hazardous. Once again, a solution was found in the private coining of gold near to the source.

John J. Conway & Company, jewelers and bankers, advertised to receive gold dust and coin it into $2-1/2, $5 and $10 gold pieces. An unknown quantity of such coins was produced at its mint in Parkville, Summit County, during the late summer of 1861. These pieces bore distinctive designs which made them look more like tokens than coins. Conway & Co.’s gold issues were independently assayed at varying weights and finenesses, but they were not well received overall. The final straw was when the gold fields of Georgia Gulch began to run out, and Conway & Co.’s experiment with coinage lasted no more than about two months. Surviving examples are rare.

Another short-lived entrant in the game of coining Colorado gold was Dr. John D. Parsons, who in partnership with a Mr. Black formed Parsons & Company. Setting up his assaying and minting equipment in the community of Hamilton, Parsons produced a very small output of his gold coins and ingots around June of 1861. His quarter eagles and half eagles bore on their obverse the image of an ore-stamping mill, with the legend J. PARSON [sic] & Co. (the $5 piece spelled his first name JNo), as well as the single word ORO, Spanish for gold. The reverse of each coin displays an eagle with outstretched wings, copied from the federal coinage. The legend PIKES PEAK GOLD and the coin’s value surrounds it. As with Conway & Co., Dr. Parson’s operation was of short duration. It produced very few coins, and less than a dozen pieces are known today for both denominations combined.

The most productive coiner of Colorado gold was the firm of Clark, Gruber & Co. The company struck their first year’s coins from unalloyed native gold, but soon found that they abraded too easily. For the second year’s production in 1861, alloy was added to harden the coins for circulation, but in both years this remarkably scrupulous company made its coins 1% heavier than federal issues. Clark, Gruber & Co. struck two-and-one-half, five, ten, and twenty-dollar gold pieces in both 1860 and 1861. The coins were modeled after the U.S. gold coins of the period except for the ten and twenty-dollar issues of 1860, which featured a fictitious view of Pike's Peak on the obverse. Apparently these dies were engraved in the East by someone who had never seen the famous mountain. Its depiction on the coins resembles a volcanic cone rather than the reality of one high mountain in a long chain. In 1862, Clark, Gruber closed its offices, selling its machinery to the Denver Assay Office in anticipation of the opening of a federal mint in that city (which did not occur until forty-four years later).

The few territorial gold issues that survive today are token reminders of a pivotal time in U.S. history, a time when initiative in the private sector was absolutely necessary for economic survival, and even the simplest monetary requirements had to be met locally rather than by a federal government thousands of miles away. While the private firms lasted only a few years, the crucial function they served in people’s everyday lives made development possible and aided in the economic growth of the nation at large. The final curtain came down on private coinage with Congress’ passage of the Act of June 8, 1864. Intended to stop the minting of Civil War tokens, this legislation prohibited the private manufacture of any coins designed to pass as money.

Coins in Category

1830 TEMPLETON REID $2.5 MS 1830 TEMPLETON REID $5 MS 1830 TEMPLETON REID $10 MS (1831-34) C.BECHTLER 30G G$1 MS (1834-37) C.BECHTLER 28G HIGH G$1 MS (1834-37) C.BECHTLER 28G CENTERED G$1 MS (1834-37) C.BECHTLER 28G CENTERED, PLAIN EDGE G$1 MS (1837-42) C.BECHTLER 28G, N REVERSED G$1 MS (1842-50) A.BECHTLER 27G, 21C, PLAIN EDGE G$1 MS (1842-50) A.BECHTLER 27G, 21C, REEDED EDGE G$1 MS (1831-34) C.BECHTLER 20C, NO 75G, BEADED $2.5 MS (1831-34) C.BECHTLER 20C, 75G, BEADED $2.5 MS (1831-34) C.BECHTLER 20C, 75G, NO BEADS $2.5 MS (1837-42) C.BECHTLER 67G, 21C $2.5 MS (1837-42) C.BECHTLER 64G, UNEVEN 22C $2.5 MS (1837-42) C.BECHTLER 64G, EVEN 22C $2.5 MS (1837-42) C.BECHTLER 70G, 20C $2.5 MS (1831-34) C.BECHTLER 20C, 150G, BEADED $5 MS (1834-37) C.BECHTLER 140G, 20C, RUTHERFORD $5 MS (1834-37) C.BECHTLER 140G, 20C, RUTHERF $5 MS (1834-37) C.BECHTLER 140G, DISTANT 20C $5 MS (1837-42) C.BECHTLER 134G, STAR $5 MS (1837-42) C.BECHTLER 128G, 22C, COLON $5 MS (1837-42) C.BECHTLER 128G, 22C, NO COLON $5 MS (1837-42) C.BECHTLER 128G, 22C, RUTHERF $5 MS (1842-50) A.BECHTLER 134G, 21C $5 MS (1842-50) A.BECHTLER 128G, 22C $5 MS (1842-50) A.BECHTLER 141G, 20C $5 MS 1852/1 AUGUSTUS HUMBERT $10 MS 1852 AUGUSTUS HUMBERT $10 MS 1852/1 AUGUSTUS HUMBERT $20 MS 1851 "880" WITH "50" AUGUSTUS HUMBERT $50 MS 1851 "880" NO "50" AUGUSTUS HUMBERT $50 MS 1851 "887" WITH "50" AUGUSTUS HUMBERT $50 MS 185- "887" WITH "50" HUMBERT "AUGUSTUS" INVERT $50 MS 1851 "887" NO "50" AUGUSTUS HUMBERT $50 MS 1851 "880" REEDED AUGUSTUS HUMBERT $50 MS 1851 "887" REEDED AUGUSTUS HUMBERT $50 MS 1852 AUGUSTUS HUMBERT $50 MS 1852 U.S. ASSAY OFFICE $10 MS 1853 "884" U.S. ASSAY OFFICE $10 MS 1853 "900" U.S. ASSAY OFFICE $10 MS 1853 "884" U.S. ASSAY OFFICE $20 MS 1853 "900" U.S. ASSAY OFFICE $20 MS 1852 "887" U.S. ASSAY OFFICE $50 MS 1852 "900" U.S. ASSAY OFFICE $50 MS 1850 BALDWIN & CO. $5 MS 1850 BALDWIN & CO. $10 MS 1851 BALDWIN & CO. $10 MS 1851 BALDWIN & CO. $20 MS 1849 REEDED EDGE CINCINNATI MINING $10 MS 1850 DUBOSQ & CO. $10 MS 1851 DUNBAR & CO. $5 MS 1854 KELLOGG & CO. $20 MS 1855 KELLOGG & CO. $20 MS (1849) MINERS BANK $10 MS (1849) INGOT MOFFAT & CO. $16.00 MS 1849 MOFFAT & CO. $5 MS 1850 MOFFAT & CO. $5 MS 1849 "TEN D." MOFFAT & CO. $10 MS 1849 "TEN DOL." MOFFAT & CO. $10 MS 1852 CLOSE DATE MOFFAT & CO. $10 MS 1852 WIDE DATE MOFFAT & CO. $10 MS 1853 MOFFAT & CO. $20 MS 1849 PLAIN EDGE NORRIS, GREGG & NORRIS $5 MS 1849 REEDED EDGE NORRIS, GREGG & NORRIS $5 MS (1849) J. S. ORMSBY $10 MS 1849 PACIFIC COMPANY G$1 MS 1849 PACIFIC COMPANY $5 MS 1849 PLAIN EDGE PACIFIC COMPANY $10 MS 1851 SHULTZ & CO. $5 MS 1852 SMALL HEAD WASS, MOLITOR & CO. $5 MS 1852 LARGE HEAD WASS, MOLITOR & CO. $5 MS 1852 SMALL HEAD WASS, MOLITOR & CO. $10 MS 1852 WD DATE LARGE HEAD WASS, MOLITOR & CO. $10 MS 1852 CL DATE LARGE HEAD WASS, MOLITOR & CO. $10 MS 1855 WASS, MOLITOR & CO. $10 MS 1855 SMALL HEAD WASS, MOLITOR & CO. $20 MS 1855 LARGE HEAD WASS, MOLITOR & CO. $20 MS 1855 WASS, MOLITOR & CO. $50 MS 1849 OREGON EXCHANGE COMPANY $5 MS 1849 OREGON EXCHANGE COMPANY $10 MS 1849 MORMON $2.5 MS 1849 MORMON $5 MS 1850 MORMON $5 MS 1860 MORMON $5 MS 1849 MORMON $20 MS 1860 CLARK, GRUBER & CO. $2.5 MS 1861 CLARK, GRUBER & CO. $2.5 MS 1860 CLARK, GRUBER & CO. $5 MS 1861 CLARK, GRUBER & CO. $5 MS 1860 CLARK, GRUBER & CO. $10 MS 1861 CLARK, GRUBER & CO. $10 MS 1860 CLARK, GRUBER & CO. $20 MS 1861 CLARK, GRUBER & CO. $20 MS (1861) J. J. CONWAY & CO. $2.5 MS (1861) WITH "5" J. J. CONWAY & CO. $5 MS 1851 WHITE METAL SAN FRAN STATE OF CALIF. $2.5 MS COPPER EAGLE HUB TRIAL U.S. ASSAY OFFICE $50 MS 1851 GILT COPPER U.S. ASSAY OFFICE K-4 $50 MS (1851-52) COPPER OBV U.S. ASSAY K-7 HUB TRIAL $50 MS 1852 LEAD OBV U.S. ASSAY K-1c RESTRIKE $50 MS "1849" COPPER TEMPLETON REID K-2 $25 MS 1850 SILVER BALDWIN K-1b RESTRIKE $10 MS 1850 GILT COPPER BALDWIN K-1c RESTRIKE $10 MS 1850 WHITE METAL BALDWIN K-1g RESTRIKE $10 MS 1850 WHITE METAL GILT BALDWIN K-1g RESTRIKE $10 MS 1856 COPPER BLAKE & CO. K-4 GILT $20 MS 1849 COPPER CINCINNATI MINING K-1 $5 MS 1849 COPPER CINCINNATI MINING K-2 $20 MS 1849 COPPER DUBOSQ & CO. K-1 $2.5 MS 1850 WHITE METAL DUBOSQ & CO. K-3 $5 MS (1850) WHITE METAL DUBOSQ & CO. K-3a $5 MS 1850 WHITE METAL DUBOSQ & CO. K-4 $10 MS (1850) WHITE METAL DUBOSQ & CO. K-4a $10 MS (1849) COPPER ITHACA MINING K-1 $10 MS 1850 COPPER KOHLER & CO. K-1 $10 MS 1849 SILVER MASS. & CALIF CO. K-2a $5 MS 1849 COPPER MASS. & CALIF CO. K-4a $5 MS 1849 COPPER MASS & CAL K-5b OVER K-5c $5 MS 1849 COPPER MASS. & CALIF CO. K-5c $5 MS 1849 BRASS MASS. & CALIF CO. K-6a $10 MS 1849 NICKEL MASS. & CALIF CO. K-7c $5 MS (1849) COPPER MORAN & CLARK K-1 $10 MS (1849) SILVER ORMSBY K-1 O/S ON MEX. 2R $10 MS 1849 SILVER PACIFIC COMPANY K-1 G$1 MS 1849 SILVER PACIFIC COMPANY K-2 $2.5 MS 1849 COPPER PACIFIC COMPANY K-4 GILT $5 MS 1849 BRASS PELICAN CO. K-2 $2.5 MS 1852 COPPER WASS, MOLITOR & CO. K-2 $10 MS 1849 WHITE METAL OREGON EXCHANGE CO. K-2 $10 MS 1849 UNIFACE LEAD OBV MORMON K-1 RESTRIKE $2.5 MS 1849 UNIFACE COPPER OBV MORMON K-1a P.E. RESTRIKE $2.5 MS UNIFACE LEAD REV MORMON K-2 P.E. RESTRIKE $2.5 MS UNIFACE COPPER REV MORMON K-2a P.E. RESTRIKE $2.5 MS 1849 UNIFACE COPPER OBV MORMON K-3 P.E. RESTRIKE $5 MS UNIFACE COPPER REV MORMON K-3a P.E. RESTRIKE $5 MS 1849 UNIFACE COPPER OBV MORMON K-4 P.E. RESTRIKE $10 MS UNIFACE COPPER REV MORMON K-4a P.E. RESTRIKE $10 MS UNIFACE COPPER REV MORMON K-5a P.E. RESTRIKE $20 MS 1850 UNIFACE LEAD OBV MORMON K-6 P.E. RESTRIKE $5 MS UNIFACE LEAD REV MORMON K-6a P.E. RESTRIKE $5 MS 1850 UNIFACE COPPER OBV MORMON K-7 P.E. RESTRIKE $5 MS UNIFACE COPPER REV MORMON K-7a RESTRIKE $5 MS UNIFACE COPPER REV MORMON K-7a P.E. RESTRIKE $5 MS 1860 UNIFACE COPPER OBV MORMON K-8 P.E. RESTRIKE $5 MS UNIFACE COPPER REV MORMON K-8a P.E. RESTRIKE $5 MS 1860 COPPER MORMON K-8b P.E. RESTRIKE $5 MS UNIFACE SILVER REV MORMON K-8c GILT RESTRIKE $5 MS 1860 LEAD OBV MORMON K-10 P.E. RESTRIKE $5 MS (1860) LEAD REV MORMON K-10a P.E. RSTRK $5 MS 1860 COPPER CLARK, GRUBER & CO. K-2 $5 MS 1860 COPPER CLARK, GRUBER & CO. K-4a $20 MS 1860 COPPER CLARK, GRUBER K-4a GILT $20 MS 1860 COPPER CLARK, GRUBER K-4b GILT $20 MS (1860) WHITE METAL CLARK, GRUBER K-6a P.E. $20 MS 1861 COPPER CLARK, GRUBER & CO. K-9 $2.5 MS 1861 COPPER CLARK, GRUBER K-9 GILT $2.5 MS 1861 COPPER CLARK, GRUBER & CO. K-9a $2.5 MS 1861 COPPER CLARK, GRUBER K-9a GILT $2.5 MS 1861 WHITE METAL CLARK, GRUBER & CO. K-10 $5 MS 1861 WHITE METAL CLARK, GRUBER & CO. K-10a $5 MS 1861 COPPER CLARK, GRUBER & CO. K-10b $5 MS 1861 COPPER CLARK, GRUBER & CO. K-10c $5 MS 1861 COPPER CLARK, GRUBER K-10c GILT $5 MS 1861 WHITE METAL CLARK, GRUBER & CO. K-11 $10 MS 1861 COPPER CLARK, GRUBER & CO. K-11a $10 MS 1861 COPPER CLARK, GRUBER & CO. K-11b $10 MS 1861 COPPER CLARK, GRUBER K-11b GILT $10 MS 1861 WHITE METAL CLARK, GRUBER & CO. K-12 $20 MS 1861 COPPER CLARK, GRUBER K-12b GILT $20 MS 1861 COPPER CLARK, GRUBER K-12c $20 MS 1861 COPPER CLARK, GRUBER K-12c GILT $20 MS 1861 NICKEL ALLOY CLARK, GRUBER & CO. K-12e $20 MS 1861 BRASS CLARK, GRUBER & CO. K-13a $20 MS (1861) BRASS PARSONS & CO. K-1b $2.5 MS (1861) COPPER PARSONS & CO. K-2 $5 MS 1860 COPPER DENVER CITY ASSAY K-1 $5 MS (1860) OBV COPPER DENVER CITY ASSAY K-1 $5 MS (1860) COPPER DENVER CITY ASSAY K-2 $5 MS (1860) COPPER DENVER CITY ASSAY K-3 $5 MS 1849 MORMON $10 MS 1849 COPPER MASS. & CAL. K-2b GILT $5 MS 1851 NICKEL ALLOY SAN FRANCISCO STANDARD $5 MS 1851 UNIFACE OBV - TIN SAN FRANCISCO STANDARD $5 MS 1851 SILVER SAN FRAN STATE OF CALIF. $2.5 MS 1851 COPPER SAN FRAN STATE OF CALIF. $2.5 MS 1851 SILVER SAN FRAN STATE OF CALIF. $5 MS 1851 SILVER SAN FRAN STATE OF CALIF. $10 MS 1851 SILVER SAN FRAN STATE OF CALIF. $20 MS

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