1853 California Fractional Gold 50c Round Liberty (PCGS AU58)

  • Lot number 6200649
  • Total bids 0
  • High bid $50.00
  • Remaining time 6d 16h 43m
  • COIN

Please see photos for more details regarding the condition of the coin.

Throughout the early years of the California gold rush there was a constant need for coinage to satisfy the commercial needs of a booming community being based on gold dust. While many firms issued coins from $2 1/2 to $50 denominations, there was still a need for coins of smaller denominations.

Tokens with a stated tender value were produced from 1852 until 1883 as well as spuriously in later years. These were made in denominations of $1, $0.50, and $0.25 in both round and octagonal shapes. In the early period, from roughly 1852 through 1853, the coins were made for actual use due to a scarcity of silver coins. These coins were quickly rejected as being too small to handle, but simultaneously gained popularity for use as souvenirs that could be economically mailed to families. Although the earliest issues had about 80-90% of the correct weight for the denomination, the weights constantly decreased over the years of issue. Only the extremely rare "defiant eagle" issue has the full weight of gold.

Due to the uniqueness of each item, please refer to the photos provided in this auction. We offer high resolution images of each item rather than a written description of condition.

This item is being shipped from the Pristine Auction warehouse.