1849 Miners Bank Gold Eagle
Strike Type
Coin Details
Auction Record
- Price realized
- $264,000
- Sold
- Grade
- MS61
- Auction house
- Heritage Auctions
Description
This is the undated Miners' Bank ten-dollar gold piece, issued in San Francisco at the end of 1849. Wright & Co., exchange brokers on Portsmouth Square, organized the Miners' Bank in San Francisco in November 1849, so its ten-dollar pieces date from the end of that year. The coin shows an eagle with MINERS' BANK above and SAN FRANCISCO below around TEN D. A New Orleans Mint assay of December 1849 found one piece 259 grains at .866 fine, worth $9.65, and by April 1850 brokers took the issue only at a heavy discount. The Mint assayers found the coins alloyed with copper, averaging about 263 grains at about .865 fine. Catalogue number: K-1. PCGS number 10236.
Cross References
K-1
External References
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