1860 Gold Dollar - BG-1103

Coin Details

Auction Record

$2,875 AU58 09-01-2003 Bowers & Merena

Description

This octagonal California gold dollar, designated BG-1103 in the Breen-Gillio catalog, dates to 1860 and measures approximately 15 to 16 millimeters in diameter. The second period of California fractional gold production saw these coins transition from pure monetary instruments to items valued equally by tourists, collectors, and jewelers who fashioned them into ornamental pieces. The obverse features a Liberty Head design — a portrait of Liberty wearing a coronet or wreath — which is the most prevalent motif across the California fractional gold series. The reverse displays the denomination within a wreath or decorative border. The octagonal format is one of the distinctive hallmarks of California fractional gold coinage, distinguishing these pieces from conventional round coins and adding visual interest that has long attracted collectors. By the time this piece was produced, California fractional gold coins had evolved from monetary necessities into collectible curiosities and decorative items. The jewelers who manufactured Period Two pieces often produced them in greater quantities than their earlier counterparts, marketing them to tourists visiting San Francisco and to the growing community of coin collectors on the East Coast. Despite this shift toward the souvenir trade, these pieces remain genuine gold coins with real bullion value, and they occupy a unique niche in American numismatic history.

Rarity Notes

Collectible. Period Two California fractional gold coins are encountered more regularly than Period One issues, though all fractional gold remains a specialized collecting area with limited overall supply.

Cross References

BG-1103; Breen-Gillio catalog; PCGS #10914; NGC #502103; California Fractional Gold Dollar; Octagonal; Period Two (1859–1882)