2 12 Dollars,Templeton Reid, United States, 1830

2 1/2 Dollars,Templeton Reid, United States, 1830

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Description (Brief)
One (1) 2 1/2 dollar coin
United States, Georgia, Templeton Reid, 1830
Obverse Image: N/A
Obverse Text: GEORGIA / GOLD / 1830
Reverse Image: N/A
Reverse Text: T. REID / ASSAYER / 2.50
Before the famous California gold rush, several important strikes were made in the East: in North Carolina, South Carolina, and Georgia. The earliest took place in Mecklenburg County, N.C., in 1799, where a nugget weighing several pounds was discovered. Its finder used it as a doorstop until someone recognized it for what it was! Discoveries multiplied, and a federal branch Mint was eventually set up in Charlotte to process the metal into coinage.
Discoveries in Georgia and North Carolina in the 1820s received wide publicity, and a "gold fever" resulted. Thousands of people began trekking to the areas in search of instant wealth. Most returned home empty-handed, but successful prospectors found millions of dollars' worth of precious metal. What should they do with their new wealth? Many felt the Philadelphia Mint was too far away for safe travel, and the government wasn't ready to create other coining facilities.
A jack-of-all-trades named Templeton Reid had an answer: strike private gold coins, at a private mint. Reid had extensive experience as a watchmaker, gunsmith, and metalworker. In July 1830, he set up shop in the Georgia hamlet of Milledgeville, and began his brief career as private moneyer-the first since Ephraim Brasher.
Reid struck about a thousand of the $2.50 denomination. As with the larger $10 and $5 dollar denominations, most were later melted down and re-coined by the U.S. Mint. We can trace fewer than twenty-five survivors, including this one.
Currently not on view
Object Name
date made
Templeton Reid
place of issue
United States: Georgia
Physical Description
gold (overall material)
0 (overall die axis)
0 (overall die axis measurement)
struck (overall production method)
overall: 17.9 mm; 23/32 in
ID Number
accession number
catalog number
Credit Line
Estate of Josiah K. Lilly
See more items in
Work and Industry: National Numismatic Collection
Legendary Coins
Josiah K. Lilly Jr. Collection
Coins, Currency and Medals
Data Source
National Museum of American History
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