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20 Dollars - Clark, Gruber and Co.
| Issuer | Clark, Gruber and Co. |
|---|---|
| Year | 1861 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Technique | Milled |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | A heraldic eagle displayed at center, facing front, with a U.S. shield on its breast, clutching a bundle of arrows in its left talon and an olive sprig in its right. An oval arrangement of thirteen stars frames the eagle above, with upward radiating rays emanating above the oval. The issuer's legend arcs around the upper and lower periphery, with the denomination expressed as TWENTY D. flanking the eagle below. |
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| Mint | Log in to see details |
| Mintage | 1861 |
| Additional information |
Clark, Gruber and Co. was a private Denver banking and assay firm that began striking gold coins in 1860 because the nearest federal mint was in New Orleans — effectively unreachable for Rocky Mountain miners needing to convert placer gold into spendable currency. The 1861 $20 piece used local Colorado gold, which accounts for the slightly debased fineness relative to the federal standard of .900. Congress authorized a Denver branch mint that same year, and the federal government purchased the Clark, Gruber operation outright in 1863, ending private coinage there entirely.