1871 California Fractional Gold, Liberty Head Octagonal NGC MS-65 BG-717

The Frontier Company, emerging around 1864 under Pierre Frontier’s leadership, continued producing fractional gold coins into the 1870s, but unlike its predecessor, these were primarily souvenirs, charms, or jewelry rather than circulating currency, reflecting a stabilized economy with ample federal coinage after the 1864 Coinage Act banned private minting (though loosely enforced). These coins, often backdated to the 1850s to evoke Gold Rush nostalgia, used similar Liberty Head designs but were crafted for collectors and tourists, with shared dies and equipment (e.g., a 1830s screw press auctioned in 2011) suggesting collaboration with other jewelers and activity possibly extending to 1873. While Frontier & Deviercy’s coins addressed an urgent economic need, the Frontier Company’s output capitalized on the era’s romanticized memory, producing polished, decorative pieces for a numismatic market.

The shift from Frontier & Deviercy’s emergency coinage to the Frontier Company’s souvenir production mirrors the Gold Rush’s evolution from economic necessity to commercialized nostalgia, with the former’s coins (e.g., 1856 50-cent piece, BG-307) valued for their historical role and the latter’s for their collectible appeal. However, limited circulation evidence, the Gold Rush’s environmental devastation, and Native American displacement add critical context to both firms’ legacies, while sparse records fuel speculation about their operations. Frontier & Deviercy’s coins were a practical response to a currency crisis, whereas the Frontier Company’s backdated charms catered to a market for Gold Rush memorabilia, highlighting the changing role of private minting in California’s economic landscape.