A LITTLE BIT BECHTLER
A friend suggested that I write to you about a small, gold-colored coin that I found, as shown in these enlarged Xeroxes. One side reads, "A. BECHTLER 1 DOL: *"; the other, "CAROLINA GOLD. 27. G. 21. C." Actual size is a little smaller than a dime, approximately 5/8". Can you tell me something about it, and what it might be worth?
"Nothing could be finer than some gold from Carolina in the..." Hm? Oh, all right - down to business. It's a c. 1842-50 Bechtler gold dollar and, if genuine, would likely be in the $1,250-1,750+ range in VF-XF condition, based on recent auction prices. In 1830, Alt Christopher Bechtler, a German metallurgist and jeweler, set up shop in Rutherfordton, North Carolina. At that time, the surrounding region was one the nation's major goldfields; however, very little bullion ever made it to the U.S. Mint in Philadelphia, a distance of about 500 miles, much of it wilderness trails. Bechtler seized the opportunity to begin a private mint, coining America's first $1 gold pieces as well as $2.50 and $5 denominations. Even the U.S. Mint assayers acknowledged these were of full and reliable value, and as a result Bechtler gold became the Southern standard for decades afterward. When Bechtler died in 1842, his son August and a nephew, Christopher, Jr., continued issuing coins, especially gold dollars like yours, in enormous quantities. Assays showed these to be less consistent in content and generally lower in value than the earlier Bechtler varieties. Counterfeits struck in brass also began to appear. Since it's impossible to authenticate or properly grade your coin from photocopy images, I would encourage you to have it checked by one of the professional numismatic services such as ANACS or PCGS.
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