1854 California Fractional Gold, Liberty Head Round PCGS Genuine - AU Details BG-436 Eagle

Category: California Fractional Gold, Liberty Head Round
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1854 G50C BG-436 Humbert Eagle reverse. During the California Gold Rush of the 1850s, a severe shortage of small-denomination coins plagued miners and merchants. Private minters stepped in, producing fractional gold coins like the 1854 California Fractional Gold Liberty Head Round. These circulated as everyday currency in the West, until the U.S. Mint's San Francisco branch began operations that year. Such coins also circulated after the opening of the Mint, for there was always a shortage of change and Westerners refused to use paper money.

The rare BG-436 (R.6) is one of the few fractional gold varieties to portray the eagle from the Humbert fifty-dollar obverse, and the only such variety without the scroll (alternately called a ribbon or banner) about the eagle. The Liberty head and eagle exhibit an intermediate level of skill, and the Breen-Gillio standard reference ventures the engraver to be Auguste Dubois. The fact that PCGS has graded only 17 original pieces of this variety points to its rarity.

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