Quarter Eagle goes for $253,000
A rare Gold Rush-era coin owned by a descendant of Chinese immigrants who worked in the California gold fields sold for $253,000 at a Beverly Hills auction.
The coin has been confirmed by numismatists as one of only 12 “Quarter Eagles†known to exist from the 246 that were made at the San Francisco Mint in 1854.
The Quarter Eagle is about the size of a dime and was made from Gold Rush ore at the San Francisco Mint just months after it opened. It contains one-eighth ounce of California gold.
For days now since the rare coin surfaced people have been estimating the value of the coin, with most people thinking above $150,000.
Read more at MSNBC…
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