Lot 3223
1925-S California Half Dollar. NGC graded MS-67. Lovely light blue and gold obv toning. The streaming white luster is satiny and consistent underneath the vibrant hues of color that encroach on the centers from the deeply toned rims. A well struck and swirling Gem that has carefully preserved surfaces.
Although there were many gold rushes in world history, the California gold rush was a unique event. Unlike other places, the gold in California was both plentiful and easy to get -- at least at first. The result would be profound changes in California, America, and the entire world. Here on the obverse of the California commemorative we see a representative Optimist of the day panning for gold. Before the gold rush, a metal pan in California cost about 30 cents, but after gold was discovered, gold pans sold for 15 dollars. The price change was a result too much demand pressuring the limited supply of pans. Pop 119; 18 finer at NGC.
Estimated Value $2,100 - 2,300.
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