1948 USA CALIFORNIA Commemorative VINTAGE Old GOLD RUSH Panning Medal i90787

$1,397.00 $1,257.30

Availability: 1 in stock

SKU: i90787 Category:

Item: i90787

 Authentic Medal of:

United States of America  – Gold Rush Centennial Medal
1948
Bronze Medal 42mm x 39mm (25.78 grams)
CENTENNIAL CELEBRATION DISCOVERY OF GOLD IN CALIFORNIA 1848-1948, Man panning for gold at mine.
Woman seated right, ships left, California Bear atop.

You are bidding on the exact item pictured, provided with a Certificate of Authenticity and Lifetime Guarantee of Authenticity.


California is a state in the Pacific Region of the United States. With 39.6 million residents, California is the most populous U.S. state and the third-largest by area. The state capital is Sacramento. The Greater Los Angeles Area and the San Francisco Bay Area are the nation’s second and fifth most populous urban regions, with 18.7 million and 8.8 million residents respectively. Los Angeles is California’s most populous city, and the country’s second most populous, after New York City. California also has the nation’s most populous county, Los Angeles County, and its largest county by area, San Bernardino County. The City and County of San Francisco is both the country’s second-most densely populated major city after New York and the fifth-most densely populated county, behind only four of the five New York City boroughs.

California’s $2.9 trillion economy is larger than that of any other state, larger than those of Texas and Florida combined, and the largest sub-national economy in the world. If it were a country, California would be the 5th largest economy in the world (larger than the United Kingdom, France, or India), and the 36th most populous as of 2017. The Greater Los Angeles Area and the San Francisco Bay Area are the nation’s second- and third-largest urban economies ($1.253 trillion and $878 billion respectively as of 2017), after the New York metropolitan area. The San Francisco Bay Area PSA had the nation’s highest GDP per capita in 2017 (~$99,000), and is home to three of the world’s ten largest companies by market capitalization and four of the world’s ten richest people.

California is considered a global trendsetter in popular culture, innovation, environmentalism and politics. It is considered the origin of the American film industry, the hippie counterculture, fast food, the Internet, and the personal computer, among others. The San Francisco Bay Area and the Greater Los Angeles Area are widely seen as the centers of the global technology and entertainment industries, respectively. California has a very diverse economy: 58% of the state’s economy is centered on finance, government, real estate services, technology, and professional, scientific and technical business services. Although it accounts for only 1.5% of the state’s economy, California’s agriculture industry has the highest output of any U.S. state.

California is bordered by Oregon to the north, Nevada and Arizona to the east, and the Mexican state of Baja California to the south (with the coast being on the west). The state’s diverse geography ranges from the Pacific Coast in the west to the Sierra Nevada mountain range in the east, and from the redwood-Douglas fir forests in the northwest to the Mojave Desert in the southeast. The Central Valley, a major agricultural area, dominates the state’s center. Although California is well-known for its warm Mediterranean climate, the large size of the state results in climates that vary from moist temperate rainforest in the north to arid desert in the interior, as well as snowy alpine in the mountains. Over time, drought and wildfires have become more pervasive features.

What is now California was first settled by various Native Californian tribes before being explored by a number of European expeditions during the 16th and 17th centuries. The Spanish Empire then claimed it as part of Alta California in their New Spain colony. The area became a part of Mexico in 1821 following its successful war for independence but was ceded to the United States in 1848 after the Mexican-American War. The western portion of Alta California then was organized and admitted as the 31st state on September 9, 1850. The California Gold Rush starting in 1848 led to dramatic social and demographic changes, with large-scale emigration from the east and abroad with an accompanying economic boom.


The California Gold Rush (1848-1855) began on January 24, 1848, when gold was found by James W. Marshall at Sutter’s Mill in Coloma, California. The news of gold brought approximately 300,000 people to California from the rest of the United States and abroad. The sudden influx of gold into the money supply reinvigorated the American economy, and the sudden population increase allowed California to go rapidly to statehood, in the Compromise of 1850. The Gold Rush had severe effects on Native Californians and resulted in a precipitous population decline from disease, genocide and starvation. By the time it ended, California had gone from a thinly populated ex-Mexican territory, to having one of its first two U.S. Senators, John C. Frémont, selected to be the first presidential nominee for the new Republican Party, in 1856.

The effects of the Gold Rush were substantial. Whole indigenous societies were attacked and pushed off their lands by the gold-seekers, called “forty-niners” (referring to 1849, the peak year for Gold Rush immigration). Outside of California, the first to arrive were from Oregon, the Sandwich Islands (Hawaii), and Latin America in late 1848. Of the approximately 300,000 people who came to California during the Gold Rush, about half arrived by sea and half came overland on the California Trail and the Gila River trail; forty-niners often faced substantial hardships on the trip. While most of the newly arrived were Americans, the gold rush attracted thousands from Latin America, Europe, Australia, and China. Agriculture and ranching expanded throughout the state to meet the needs of the settlers. San Francisco grew from a small settlement of about 200 residents in 1846 to a boomtown of about 36,000 by 1852. Roads, churches, schools and other towns were built throughout California. In 1849 a state constitution was written. The new constitution was adopted by referendum vote, and the future state’s interim first governor and legislature were chosen. In September 1850, California became a state.

At the beginning of the Gold Rush, there was no law regarding property rights in the goldfields and a system of “staking claims” was developed. Prospectors retrieved the gold from streams and riverbeds using simple techniques, such as panning. Although the mining caused environmental harm, more sophisticated methods of gold recovery were developed and later adopted around the world. New methods of transportation developed as steamships came into regular service. By 1869, railroads were built from California to the eastern United States. At its peak, technological advances reached a point where significant financing was required, increasing the proportion of gold companies to individual miners. Gold worth tens of billions of today’s US dollars was recovered, which led to great wealth for a few, though many who participated in the California Gold Rush earned little more than they had started with.

Forty-niners

The first people to rush to the goldfields, beginning in the spring of 1848, were the residents of California themselves-primarily agriculturally oriented Americans and Europeans living in Northern California, along with Native Americans and some Californios (Spanish-speaking Californians). These first miners tended to be families in which everyone helped in the effort. Women and children of all ethnicities were often found panning next to the men. Some enterprising families set up boarding houses to accommodate the influx of men; in such cases, the women often brought in steady income while their husbands searched for gold.

Word of the Gold Rush spread slowly at first. The earliest gold-seekers were people who lived near California or people who heard the news from ships on the fastest sailing routes from California. The first large group of Americans to arrive were several thousand Oregonians who came down the Siskiyou Trail. Next came people from the Sandwich Islands, and several thousand Latin Americans, including people from Mexico, from Peru and from as far away as Chile, both by ship and overland. By the end of 1848, some 6,000 Argonauts had come to California.

Only a small number (probably fewer than 500) traveled overland from the United States that year. Some of these “forty-eighters”, as the earliest gold-seekers were sometimes called, were able to collect large amounts of easily accessible gold-in some cases, thousands of dollars worth each day. Even ordinary prospectors averaged daily gold finds worth 10 to 15 times the daily wage of a laborer on the East Coast. A person could work for six months in the goldfields and find the equivalent of six years’ wages back home. Some hoped to get rich quick and return home, and others wished to start businesses in California.

By the beginning of 1849, word of the Gold Rush had spread around the world, and an overwhelming number of gold-seekers and merchants began to arrive from virtually every continent. The largest group of forty-niners in 1849 were Americans, arriving by the tens of thousands overland across the continent and along various sailing routes (the name “forty-niner” was derived from the year 1849). Many from the East Coast negotiated a crossing of the Appalachian Mountains, taking to riverboats in Pennsylvania, poling the keelboats to Missouri River wagon train assembly ports, and then travelling in a wagon train along the California Trail. Many others came by way of the Isthmus of Panama and the steamships of the Pacific Mail Steamship Company. Australians and New Zealanders picked up the news from ships carrying Hawaiian newspapers, and thousands, infected with “gold fever”, boarded ships for California.

Forty-niners came from Latin America, particularly from the Mexican mining districts near Sonora and Chile. Gold-seekers and merchants from Asia, primarily from China, began arriving in 1849, at first in modest numbers to Gum San (“Gold Mountain”), the name given to California in Chinese. The first immigrants from Europe, reeling from the effects of the Revolutions of 1848 and with a longer distance to travel, began arriving in late 1849, mostly from France, with some Germans, Italians, and Britons.

It is estimated that approximately 90,000 people arrived in California in 1849-about half by land and half by sea. Of these, perhaps 50,000 to 60,000 were Americans, and the rest were from other countries. By 1855, it is estimated at least 300,000 gold-seekers, merchants, and other immigrants had arrived in California from around the world. The largest group continued to be Americans, but there were tens of thousands each of Mexicans, Chinese, Britons, Australians, French, and Latin Americans, together with many smaller groups of miners, such as African Americans, Filipinos, Basques and Turks.

People from small villages in the hills near Genova, Italy were among the first to settle permanently in the Sierra Nevada foothills; they brought with them traditional agricultural skills, developed to survive cold winters. A modest number of miners of African ancestry (probably less than 4,000) had come from the Southern States, the Caribbean and Brazil.

A number of immigrants were from China. Several hundred Chinese arrived in California in 1849 and 1850, and in 1852 more than 20,000 landed in San Francisco. Their distinctive dress and appearance was highly recognizable in the goldfields. Chinese miners suffered enormously, enduring violent racism from white miners who aimed their frustrations at foreigners. To this day, there has been no justice for known victims. Further animosity toward the Chinese led to legislation such as the Chinese Exclusion Act and Foreign Miners Tax.

There were also women in the Gold Rush. However, their numbers were small. Of the 40,000 people who arrived by ship in the San Francisco harbor in 1849, only 700 were women. They held various roles including prostitutes, single entrepreneurs, married women, poor and wealthy women. They were of various ethnicities including Anglo-American, African-American, Hispanic, Native, European, Chinese, and Jewish. The reasons they came varied: some came with their husbands, refusing to be left behind to fend for themselves, some came because their husbands sent for them, and others came (singles and widows) for the adventure and economic opportunities. On the trail many people died from accidents, cholera, fever, and myriad other causes, and many women became widows before even setting eyes on California. While in California, women became widows quite frequently due to mining accidents, disease, or mining disputes of their husbands. Life in the goldfields offered opportunities for women to break from their traditional work.


Frequently Asked Questions

Mr. Ilya Zlobin, world-renowned expert numismatist, enthusiast, author and dealer in authentic ancient Greek, ancient Roman, ancient Byzantine, world coins & more.
Mr. Ilya Zlobin, world-renowned expert numismatist, enthusiast, author and dealer in authentic ancient Greek, ancient Roman, ancient Byzantine, world coins & more.

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You are dealing with Ilya Zlobin, ancient coin expert, enthusiast, author and dealer with an online store having a selection of over 15,000 items with great positive feedback from verified buyers and over 10 years experience dealing with over 57,000 ancient and world coins and artifacts. Ilya Zlobin is an independent individual who has a passion for coin collecting, research and understanding the importance of the historical context and significance all coins and objects represent. Most others are only concerned with selling you, Ilya Zlobin is most interested in educating you on the subject, and providing the largest selection, most professional presentation and service for the best long-term value for collectors worldwide creating returning patrons sharing in the passion of ancient and world coin collecting for a lifetime.

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TYPE

Medal

COUNTRY/REGION OF MANUFACTURE

United States

COMPOSITION

Bronze

MPN

United States Medal 64c6064e-7b8e

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