1854 CALIFORNIA FRACTIONAL GOLD 1/4 $ BG-105 PCGS

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  • Item Category: Coins & Currency
  • Source: eBay
  • Sold Date: Aug 20, 2010
  • Channel: Auction House

1854 CALIFORNIA FRACTIONAL GOLD 1/4 $ BG-105 PCGS

Nice lightly circulated better Period One California fractional gold piece. Certified, graded and 100% guaranteed authentic by PCGS as a BG-105 and AU-55. Date of 1854. The BG-105 is one of the most popular of the California fractional gold Period One varieties. Nice deep rainbow toning when tilted back and forth is shown on the surfaces of this beauty. Low Reserve. HISTORY - California fractional gold was born out of the need for small change during the California Gold Rush Period. The US Government and private coiners at that time could do nothing to accommodate this need. Manufacturing jewelers stepped in to fill this important commerce void through the minting of these small gold gems. Coinage shortages continued well into 1856 even when the San Francisco Mint began production to assist. A few years later the production of fractional gold coins ceased, most likely due to official requests from the Gov't. Very few of these beautiful and historic gold coins remain today compared with most other numismatic denominations. California and Territorial gold coins remain one of the most undervalued series. Prices continue to rise as more and more collectors and investors discover the low mintages remaining and the difficultly in find them on the open market. Most large dealers

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