1865 Gold Quarter - BG-803

Coin Details

Auction Record

$1,495 MS64 06-02-2004 Goldberg Auctioneers

Description

This round California gold quarter dollar, designated BG-803 in the Breen-Gillio catalog, dates to 1865 and measures approximately 10 to 11 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 remarkably diminutive size is one of the distinctive hallmarks of California fractional gold coinage, making these among the smallest coins ever struck for genuine commerce and adding a novelty 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-803; Breen-Gillio catalog; PCGS #10664; NGC #501803; California Fractional Gold Quarter Dollar; Round; Period Two (1859–1882)