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Gold Fractionals?

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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 12/16/2010  10:28 pm Show Profile   Bookmark this topic Add XavierOfGreen to your friends list Get a Link to this Message Number of Subscribers
So I was at one of the local coin shops today going through the foreign junk boxes and among the coins I pulled was what appears to be a California gold fractional that I purchased for $0.30 along with this other set of undenominated California gold souvenir tokens for $3. My question is, how does one tell which are made of actual gold and not plated brass. Are any of them worth anything. The 1852 1/2 in the flip seems to be similar to a coin I saw on ebay that went for $15 but I'm not sure. Any help in identifying these things or their value would be greatly appreciated.

-XoG

The one I got for 30 cents, it has a pig on the reverse and above states California gold 1/2. The obverse has an indian head and the year 1852.
Gold-Fractionals?
The set I bought for $3, the reverses all state California gold and have a star. clockwise they are dated 1859, 1857, 1853, 1856, 1859, and 1859.

Gold-Fractionals?
Gold-Fractionals?

Moved to Exonumia forum - Sap
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IBGolden's Avatar
Canada
598 Posts
 Posted 12/17/2010  6:44 pm  Show Profile   Bookmark this reply Add IBGolden to your friends list Get a Link to this Reply
The animal is supposed to be a bear... and anything with that "type" of bear on it is a souvenir copy... especially the bottom set in your pictures; I have it as well... paid 15 bucks for it.

These coins are typically made of goldine... a very bright brass. They are stamped out, so if your slide them on a clean sheet of paper one side envariably will have a sharper edge that when on the downside it catches and won't slide smoothly. I believe the bottom set was a 1970's or so item.

Real California gold typically... typically has the word "dollar" on it. I will provide Mike Locke's link momentarily... no doubt in my mind he's THE expert on the subject.

In fewer words, they ain't terribly valuable or rare. I've even seen one sold on these forums recently... but still worth just a few bucks. There are now an amazingly large and poorly executed modern flood of these things on ebay... looking brand new and terribly plain and again with realy bad designs, but some of the older ones are quite nice a worth a little anyway... just a few dollars.

>>> edit >>> here's the link that is to Mike's site... all the info you can shake a stick at... and I can shake a stick at, uhm... here's the link VVV
http://www.calgoldcoin.com/default.htm

From the list; left column 3rd choice down, click on "California Gold token guide"... there be bear types there.
Edited by IBGolden
12/17/2010 6:58 pm
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ExoGuy's Avatar
United States
4415 Posts
 Posted 12/18/2010  07:28 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Could the animal be a beaver and not a bear? I've seen both. Look in the Red Book index, under "California gold" for some info on these novelty tokens - not coins - versus the genuine tokens.

Sadly, I attended a coin auction a few years ago, wherein a number of these modern tokens, represented by the auctioneer as California gold, sold for a minimum of $200 each! This goes to prove the old adage that, "A fool and his money are soon parted." Another saying that comes to mind: "All that glitters is not gold."
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