Previously gold had been found in small quantities in the Coromandel Peninsula (by visiting whalers) and near Nelson in 1842. Commercial interests in Auckland offered a £500 prize for anyone who could find payable quantities of gold anywhere nearby in the 1850s, at a time when some New Zealand settlers were leaving for the California and Australian gold rushes. In September 1852, Charles Ring, a timber merchant, claimed the prize for a find in Coromandel. A brief gold rush ensued around Coromandel township, Cape Colville and Mercury Bay but only £1500 of gold was accessible in river silt, although more was in quartz veins where it was inaccessible to individual prospectors. The rush lasted only about three months.