It has been estimated that only 55 examples of this coin exist today. This coin has a low poulation of only 9 coins at PCGS.
- Population of only 9* coins in this grade.
- Only 55 examples are estimated to exist today.
- PCGS encapsulation guarantees the AU-58 condition.
- Obverse: A depiction of the Seal of California. It depicts a helmeted female, draped and cloaked, holding a vertical spear and shield along with a bear at her feet.
- Reverse: Displays a stunning depiction of a Bald Eagle with wings spread, holding a scroll in her beak, and shield in one talon and a branch with leaves in the other.
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* Population report per PCGS as of 8/30/16.
Throughout the early years of the California Gold rush there was a constant need for coinage to satisfy the commercial needs of a booming community being based on Gold dust. While many firms issued coins from $2 1/2 to $50 denominations, there was still a need for coins of smaller denominations.