10 Dollars, Oregon, United States, 1849
date: label: date made
content: 1849
name: label: maker
content: United States Mint
label: maker
content: Oregon Exchange Company
notes: label: Description
content: In 1848, the largest single gold rush in history was just getting under way in California. This event soon triggered a mass migration of fortune hunters from around the world. At the outset, much of the California gold was converted to coins by private minters in the San Francisco area. However, supplies of gold were also sent to Philadelphia where the metal was turned into ordinary federal coins.
label: Description
content: Smaller quantities of gold made it to various locations including Oregon. Between March and September, 1849, an entity calling itself the Oregon Exchange Company struck $10 and $5 coins, by hand, in Oregon City. Both denominations bore simple designs. Their obverses depicted a beaver, the fur-bearing mammal that had spurred the first interest in the region. Above the animal, there were initials standing for the last names of the principal players in the operation.
label: Description
content: The initials O.T. or T.O. (both for Oregon Territory) and the date rounded out the obverse design. For the reverse, the name of the issuing authority and the denomination sufficed. Scholars believe that around 2,850 of the $10 coins were made. Dies for them can still be seen at the Oregon Historical Society in Portland.
label: Description
content: But the life of the Oregon mint was brief. The coiners set their products' weight above federal norms, and most of the Oregon coinage was melted down for profit. The mint ceased operation early in September 1849.
place: label: place of issue
content: United States: Oregon
setName: label: See more items in
content: Work and Industry: National Numismatic Collection
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content: Coins
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content: Numismatics
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content: Coins, Currency and Medals
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content: Legendary Coins
label: Exhibition
content: Value of Money
label: Exhibition Location
content: National Museum of American History
publisher: label: Related Publication
content: Glossary of Coins and Currency Terms
label: Related Web Publication
content: http://americanhistory.si.edu/coins/glossary.cfm
creditLine: label: Credit Line
content: U.S. Department of the Treasury, U.S. Mint
dataSource: label: Data Source
content: National Museum of American History
identifier: label: ID Number
content: 1985.0441.2216
label: catalog number
content: 1985.0441.2216
label: accession number
content: 1985.0441
objectType: label: Object Name
content: coin
physicalDescription: label: Physical Description
content: gold (overall metal)
label: Physical Description
content: 0 (overall die axis)
label: Physical Description
content: 0 (overall die axis measurement)
label: Physical Description
content: struck (overall production method)
label: Measurements
content: overall: 2 mm x 27 mm; 3/32 in x 1 1/16 in