1849 Miners Bank Ten Dollar
1849 $10 Miners Bank Ten Dollar XF45 ANACS. K-1, High R.5, With Date Counterstamp. The Miners Bank ten dollar gold pieces were issued from August 1849 to January 1, 1850 and are among the earliest California Territorial gold issues. These coins, simple in design, were produced by Wright & Co.'s subsidiary, Miners Bank, which lacked its own minting equipment and outsourced the coin striking to Kohler & Company. The obverse features TEN. D. flanked by stars, with MINERS, BANK and SAN FRANCISCO encircling it, while the reverse depicts an eagle, similar to the contemporary federal ten dollar coins, surrounded by CALIFORNIA and thirteen stars. A unique characteristic of this circulated example is the incuse date numerals "1849" counterstamped below TEN. D. The date is crudely applied with individual numeral punches, including a double-punched 8. Interestingly, a scribe line exists below the numerals -- precisely parallel to TEN. D. All other Miners Bank coins are undated. According to Donald Kagin's reference, about 35 Miners Bank ten dollar gold pieces exist today. We believe this example is the only one with incuse date numerals applied. By whom, we do not know. The Miners Bank ten dollar is listed on page 413 in the 2024 Guide Book. HID10510052018 © 2024 Heritage Auctions | All Rights Reserved
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1849 $10 Miners Bank Ten Dollar XF45 ANACS. K-1, High R.5, With Date Counterstamp. The Miners Bank ten dollar gold pieces were issued from August 1849 to January 1, 1850 and are among the earliest California Territorial gold issues. These coins, simple in design, were produced by Wright & Co.'s subsidiary, Miners Bank, which lacked its own minting equipment and outsourced the coin striking to Kohler & Company. The obverse features TEN. D. flanked by stars, with MINERS, BANK and SAN FRANCISCO encircling it, while the reverse depicts an eagle, similar to the contemporary federal ten dollar coins, surrounded by CALIFORNIA and thirteen stars. A unique characteristic of this circulated example is the incuse date numerals "1849" counterstamped below TEN. D. The date is crudely applied with individual numeral punches, including a double-punched 8. Interestingly, a scribe line exists below the numerals -- precisely parallel to TEN. D. All other Miners Bank coins are undated. According to Donald Kagin's reference, about 35 Miners Bank ten dollar gold pieces exist today. We believe this example is the only one with incuse date numerals applied. By whom, we do not know. The Miners Bank ten dollar is listed on page 413 in the 2024 Guide Book. HID10510052018 © 2024 Heritage Auctions | All Rights Reserved
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