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10 Dollars - Clark, Gruber & Co.

Uitgever Clark, Gruber & Co.
Jaar 1861
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Valuta Dollar
Samenstelling Log in om details te zien
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Dikte Log in om details te zien
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Beschrijving voorzijde Draped bust of Liberty facing left, wearing a coronet inscribed PIKES PEAK, with elaborately braided and coiled hair adorned with a pearl ornament at the nape. Thirteen six-pointed stars arranged in an arc encircle the effigy in the field. The date 1861 appears in the lower exergue beneath the truncation.
Schrift voorzijde Log in om details te zien
Opschrift voorzijde PIKES PEAK 1861
Beschrijving keerzijde Log in om details te zien
Schrift keerzijde Log in om details te zien
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Aanvullende informatie

Clark, Gruber & Co. was a Denver banking firm that began striking its own gold coinage in 1860 when the nearest U.S. Mint was in New Orleans — effectively useless to Colorado Territory miners hauling raw gold dust. The federal government tolerated the private issue because the alternative was worse: a chaotic barter economy running on unweighed, unassayed dust. Congress authorized the Denver Mint in 1862 partly as a direct response to Clark Gruber's operation, which had demonstrated that the demand was real and the volume substantial.

The firm was purchased outright by the Treasury in 1863 and converted into an assay office rather than a coinage facility — a bureaucratic decision that frustrated Colorado miners for years afterward.

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