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Charlotte and Dahlonega Mint Era Coins & Why You Should Be Investing In Rare Gold Coins

By Austin Lloyd Inc April 18, 2018 0 comments

When the very first United States Mint was developed in 1792, there were no strategies to open any extra branch centers. Nevertheless, this was prior to the nation experiencing remarkable population growth-- and rare-earth elements were found far from the Northeastern coast. By the 1830s, the federal government understood that 2 extra centers were needed to manage gold and silver finding in the South. This resulted in the opening of the Charlotte, North Carolina and Dahlonega, Georgia mints.
Unbeknownst to many, North Carolina experienced a gold rush in the late 1790s and early 1800s. Its unsure when the very first gold discovery occurred in the 1790s, however word did not spread out till around 1800-1810. Much of the yellow metal drawn out in North Carolina was sent out to the Philadelphia Mint. By 1824, over 2,500 ounces of Carolina gold had actually been deposited with the federal government in Philly.

Both the Charlotte and Dahlonega Mints were taken by the Confederacy in 1861. In fact, some 1861-D gold dollars and half eagles were struck under the guidance of Confederate Soldiers. Coinage operations did not continue previous to 1861, as the CSA had little gold (or silver) and chosen to release fiat money rather.

Congress lastly licensed a brand-new Charlotte mint center in 1835 and coinage operations started in 1838. The brand-new mint was established strictly to produce gold into coins; it did not produce any silver or copper coins whatsoever. Commensurately, mintages were incredibly low every year; all Charlotte gold coins are rather limited. Numismatists likewise understand that the coins right away got in blood circulation and saw substantial usage, as "C-mint" gold concerns are generally seen with heavy wear.

The Dahlonega Mint shares a comparable history with its Charlotte cousin. Like the Charlotte center, the Dahlonega Mint started operations in 1838 in reaction to a regional gold rush. Georgia gold was first discovered in 1828 however discoveries died by the 1840s. Because Dahlonega had even less regional gold to convert into cash, "D-mint" coinage is incredibly rarer as well as harder to discover than Charlotte problems. Once again, almost all in circulation are seen with substantial wear.

Today, southern branch mint gold coins are thought about exceptionally preferable antiques. They have a strong collector following and cost a minimum of $1500 per coin. Uncirculated specimens are rather uncommon with many problems bring costs in the $10k-$50k variety. Dahlonega and Charlotte gold coins are likewise well-known for being weakly struck and showing rough surface areas; as a result fully-impressed, tidy coins command a premium in the market.
Call the specialists at Austin Lloyd today regarding the purchase of these rare coins today! We have many rare coins on hand and are value priced. Call us today at 888-697-8998

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