News — Gold
Private Mint of the 1830s Produces Over 1 Million Coins from the North Carolina Gold Rush
Posted by Derek Sawchenko on
In 1829, Christopher Bechtler Sr. migrated to the United States from Germany with his family. He opened up a watchmaker store in Philadelphia with some success. Meanwhile, the Carolina Gold Rush, the first gold rush in the United States, followed the discovery of a large gold nugget in North Carolina in 1799. This created a series of findings in North Carolina that lasted all the way up to the 1840s. In order to take advantage of this, Bechtler and his family operated a private mint from 1831 to 1850s. He was able to produce more than a million gold coins in his private mint.
181 Year Old Shipwreck Yields Some of the Rarest US coins Ever Found
Posted by Derek Sawchenko on
On June 14th, 1838, a boiler explosion caused the Pulaski Steamship to sink approximately 30 miles off the coast of North Carolina. Two-thirds of the passengers and crew on-board were lost as a result of this disaster.
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- Tags: Gold, Shipwreck Coins, Silver
The Gold Bullion Act of 1985 & the Birth of the American Gold Eagle
Posted by Derek Sawchenko on
During the 1980s, the South African Gold Krugerrand and the Canadian Gold Maple Leaf were extremely popular coins in the United States. In 1984, over $600 million worth of Krugerrands were marketed in the United States. However, people began to react to the racial tensions in South Africa and sales plummeted. Eventually, President Reagan banned the Krugerrands as a way of taking an economic stand against the South African government. This crippled the South African mint as half of their sales were derived from the United States.
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- Tags: Coin History, Gold
What is the Double Eagle Gold Coin?
Posted by Derek Sawchenko on
The double eagle is a United States gold coin with an official worth of $20. The double eagles were in commission from 1850 until 1933. Since the double eagle had twice the value of the American Gold Eagle, it was named the "double eagle."
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- Tags: Coin History, Gold, Pre-1933 Gold Coins
The 1933 Gold Double Eagle, a Rare Coin with a Rich History
Posted by Derek Sawchenko on
The 1933 gold double eagle coin is a United States 20-dollar gold coin. It was originally issued from 1907 until 1932, with 445,500 double eagles minted with the 1933 date. However, not one of these 1933 double eagle coins was released into circulation due to currency laws during the Great Depression. President Franklin D. Roosevelt had tried to stabilize the economy by taking the U.S. off the gold standard. People were even required to hand over any gold coins they owned.
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- Tags: Coin History, Gold