Territorial gold coins were created out of necessity. They came from gold-rich states such as Georgia, California, the Carolinas, Oregon, and Colorado. It was in the late 1820’s discovered their rich gold resources which were supposed to be transported to Philadelphia for assay and coining. Unfortunately, it was dangerous and costly for these states to do so, and the US government ignored them.
The US Constitution prohibited the states to create their own money, but it did not prohibit individuals and private entities to produce their own. As a result, private minters, entrepreneurs, semi-official entities, and even fly-by-nights produced them. Later on, the government stopped these issues and proclaimed it illegal.
Today, territorial gold coins are still around but they are very rare. They are very expensive, too, but they make a good investment. They are both rich in gold content as well as history. The very first issue came from North Carolina and Georgia. This includes the Templeton Reid and Bechtler. Find these rare coins from First Class Coins today.
First Class Coins is one of the most respected full service coin companies in the United States. We buy and sell collector coins, banknotes, precious metals and estate jewelry throughout the world and online through our website featuring hard-to-find rare coins, coin collections, as well as excellent investment quality pieces.