1849 newspaper w NUMISMATICS Gold One Dollar Coin beginning CALIFORNIA GOLD RUSH

Description: 1849 newspaper w NUMISMATICS Gold One Dollar Coin beginning CALIFORNIA GOLD RUSH 1849 newspaper with NUMISMATICS news - Gold One Dollar Coin beginning out of THE CALIFORNIA GOLD RUSH - inv # 6Z-330 Please visit our EBAY STORE for THOUSANDS MORE HISTORICAL NEWSPAPERS for SALE or at auction SEE PHOTO(s) - COMPLETE ORIGINAL NEWSPAPER, the Cist's Weekly Advertiser (Cincinnati, OH) dated Jan 3, 1849. This original newspaper contains an inside page heading: "THE GOLD DOLLAR" with coverage of the first US Gold Dollar coin to be minted. There is also a front page heading: "GOLD MINES OF CALIFORNIA" with a 1/2 column report of the CALIFORNIA GOLD RUSH beginnings. Interesting "companion piece" for a serious collector of the earliest US dollar gold coin The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the United States Bureau of the Mint from 1849 to 1889. The coin had three types over its lifetime, all designed by Mint Chief Engraver James B. Longacre. The Type 1 issue has the smallest diameter (0.5 inch =12.7mm) of any United States coin minted to date. A gold dollar coin had been proposed several times in the 1830s and 1840s, but was not initially adopted. Congress was finally galvanized into action by the increased supply of bullion caused by the California gold rush, and in 1849 authorized a gold dollar. In its early years, silver coins were being hoarded or exported, and the gold dollar found a ready place in commerce. Silver again circulated after Congress in 1853 required that new coins of that metal be made lighter, and the gold dollar became a rarity in commerce even before federal coins vanished from circulation because of the economic disruption caused by the American Civil War. Gold did not again circulate in most of the nation until 1879; once it did, the gold dollar did not regain its place. In its final years, it was struck in small numbers, causing speculation by hoarders. It was also in demand to be mounted in jewelry. The regular issue gold dollar was last struck in 1889; the following year, Congress ended the series. In January 1844, North Carolina Representative James Iver McKay, the chairman of the Committee on Ways and Means, solicited the views of Director Patterson on the gold dollar. Patterson had more of Gobrecht's pattern dollar struck to show to committee members, again advising against a coin that if issued would be only about a half inch in diameter. He told Treasury Secretary John C. Spencer that the only gold coins of that size in commerce, the Spanish and Colombian half-escudos, were unpopular and had not been struck for more than twenty years. This seemed to satisfy the committee as nothing more was done for the time, and when a gold dollar was proposed again in 1846, McKay's committee recommended against it. Even before 1848, record amounts of gold were flowing to American mints to be struck into coin, but the California Gold Rush vastly increased these quantities. This renewed calls for a gold dollar, as well as for a higher denomination than the eagle ($10 piece), then the largest gold coin. In January 1849, McKay introduced a bill for a gold dollar, which was referred to his committee. There was much discussion in the press about the proposed coin; one newspaper published a proposal for an annular gold dollar; that is, with a hole in the middle to increase its small diameter. McKay amended his legislation to provide for a double eagle ($20 gold coin) and wrote to Patterson, who replied stating that the annular gold dollar would not work, and neither would another proposal to have dollar piece consisting of a gold plug in a silver coin.[9] Nevertheless, Gobrecht's successor as chief engraver, James B. Longacre, prepared patterns, including some with a square hole in the middle. McKay got his fellow Democrat, New Hampshire Senator Charles Atherton, to introduce the bill to authorize the gold dollar and the double eagle in the Senate on February 1, 1849—Atherton was chairman of the Senate Finance Committee. McKay introduced a version into the House on February 20; debate began the same day. The dollar was attacked by congressmen from the Whig Party, then in the minority, on the grounds that it would be too small, would be counterfeited and in bad light might be mistakenly spent as a half dime, the coins being similar in size. McKay did not respond substantively, but stated that if no one wanted these denominations, they would not be called for at the Mint, and would not be coined. Pennsylvania Representative Joseph Ingersoll, a Whig, spoke against the bill, noting that Patterson opposed the new denominations, and that the idea had been repeatedly turned down, whenever considered. Another Whig, Massachusetts's Charles Hudson, related that Patterson had sent a real and a counterfeit gold dollar to his committee and the majority of members had been unable to tell the difference. McKay made no answer to these claims, but others did, including New York Congressman Henry Nicoll, who assured the House that the counterfeiting allegations were greatly exaggerated. The point was, he indicated, that the double eagle and gold dollar were wanted by the public, and, in the case of the gold dollar could help money circulate in small communities where banknotes were not accepted. Connecticut Representative John A. Rockwell, a Whig, tried to table the bill, but his motion was defeated. The bill passed easily, and met only minimal opposition in the Senate, becoming law on March 3, 1849. California's most famous gold rush dates to the morning of January 24, 1848, when James Marshall made his customary inspection of the sawmill he was building for John Sutter. During the previous night, Marshall had diverted water through the mill's tailrace to wash away loose dirt and gravel, and on that fateful day, he noticed some shining flecks of metal left behind by the running water. He picked them up and showed them to his crew, but while he was pretty sure that it was gold, the full significance of his discovery was truly impossible to imagine. He was still concerned about getting the mill finished. Word of Marshall's discovery leaked out and immediately set off a "rush to the mines." By the spring of 1849, the largest gold rush in American history was under way. At the time of Marshall's discovery, the state's non-Indian population numbered about 14,000. By the end of 1849, it had risen to nearly 100,000, and it continued to swell to some 250,000 by 1852. Good condition with foxing. This listing includes the complete entire original newspaper, NOT just a clipping or a page of it. STEPHEN A. GOLDMAN HISTORICAL NEWSPAPERS stands behind all of the items that we sell with a no questions asked, money back guarantee. Every item we sell is an original newspaper printed on the date indicated at the beginning of its description. U.S. buyers pay priority mail postage which includes waterproof plastic and a heavy cardboard flat to protect the purchased item from damage in the mail. Upon request by the buyer, we can ship by USPS Media Mail to reduce postage cost; however, please be aware that USPS Media Mail can be very slow in its time of transit to the buyer. International postage is quoted when we are informed as to where the package is to be sent. We do combine postage (to reduce postage costs) for multiple purchases sent in the same package. We list thousands of rare newspapers with dates from 1570 through 2004 on Ebay each week. This is truly SIX CENTURIES OF HISTORY that YOU CAN OWN! Stephen A. Goldman Historical Newspapers has been in the business of buying and selling historical newspapers for over 50 years. Dr. Goldman is a consultant to the Freedom Forum Newseum and a member of the American Antiquarian Society. You can buy with confidence from us, knowing that we stand behind all of our historical items with a 100% money back guarantee. Let our 50+ years of experience work for YOU ! We have hundreds of thousands of historical newspapers (and their very early precursors) for sale. Stephen A. Goldman Historical Newspapers has been in the business of buying and selling historical newspapers for over 50 years. We are located in the charming Maryland Eastern Shore town of OXFORD, Maryland. Dr. Goldman is a consultant to the Freedom Forum Newseum and a member of the American Antiquarian Society. You can buy with confidence from us, knowing that we stand behind all of our historical items with a 100% money back guarantee. Let our 50+ years of experience work for YOU ! We have hundreds of thousands of historical newspapers (and their very early precursors) for sale. We invite customer requests for historical newspapers that are not yet located in our extensive Ebay listing of items. With an inventory of nearly a million historical newspapers (and their early precursors) we are likely have just the one YOU are searching for. WE ARE ALSO ACTIVE BUYERS OF HISTORICAL NEWSPAPERS, including large and small personal collections, bound volumes, significant individual issues, or deaccessions from libraries and historical societies. IF YOU WANT TO SELL, WE WANT TO BUY !!! Powered by SixBit's eCommerce Solution

Price: 35 USD

Location: Oxford, Maryland

End Time: 2024-11-07T21:39:44.000Z

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