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This Miners’ Bank $10 Gold Eagle, struck during the fervor of the 1849 California Gold Rush, is a stunning rarity, graded MS62 by NGC with only two finer examples. With just 15 total specimens graded by NGC across all conditions, this coin, encased in the elite NGC Green Label holder reserved for superior quality, is valued at $375,000 by Collectors Universe. A true “sleeper” in the territorial gold series, its scarcity and historical allure are often underappreciated, making it a prize for discerning collectors.
Operated by Stephen A. Wright and Samuel Haight in San Francisco, the Miners’ Bank issued notes and fractional currency in 1849 before minting these undated $10 gold pieces, ceasing operations by January 1850. Notably, Samuel Haight likely inspired the naming of San Francisco’s famed Haight Street, tying this coin to the iconic Haight-Ashbury district of 1960s counterculture fame. Struck in .866 fine gold, often with copper alloy, these coins were undervalued at $9.65 or discounted to $8 by brokers, limiting their production and enhancing their rarity today. Some reached Boston, where they were noted as less refined than U.S. Mint coins, further cementing their unique place in Gold Rush history.
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