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In Denver, a banking company begins producing pure gold coins at a privately owned mint

Denver, Colorado, 1859
07/20/1860
For bankers in fledgling Denver gold dust was proving an unwieldy and expensive form of exchange.  Accordingly, Clark, Gruber, and Company set up a private mint and began minting pure gold coins on July 20, 1860 bearing the name of the company.  Fully legal, the mint produced $3,000,000 in coins over the next thirty months.  The U.S. Treasury authorized the Denver Mint in 1862 and purchased the operation in 1863. (By John Osborne) 
Source Citation: 
John Jay Knox, A History of Banking in the United States (New York: Bradford Rhodes and Company, 1903), 829-830.

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How to Cite This Page: "In Denver, a banking company begins producing pure gold coins at a privately owned mint," House Divided: The Civil War Research Engine at Dickinson College, http://hd.housedivided.dickinson.edu/node/32572.