4340

C. Bechtler Dollar K-4 (N reversed) [135224]

Currency:USD Category:Coins & Paper Money Start Price:2,500.00 USD Estimated At:5,000.00 - 10,000.00 USD
C. Bechtler Dollar K-4 (N reversed)  [135224]
SOLD
6,000.00USD+ (1,500.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 Aug 08 @ 13:46UTC-7 : PDT/MST
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PCGS AU 55; K-4 N Reversed. Obv.: Bechtler / 28 G / ; Rev.: Carolina / Dollar / O N E (N reversed). Christoph Bechtler was born in 1782 in Germany. At the age of fifteen, he was apprenticed to a gold and silver metallurgist and gunsmith. In 1829, he emigrated to the United States and landed in New York, moved to Philadelphia, applied for citizenship, and soon thereafter opened a jewelry and clock repair business. In 1830 the Bechtlers moved to Rutherford County, North Carolina and purchased a tract of land 3 1/2 miles north of Rutherfordton. It is suspected that they had heard of the recent gold strikes in the area. In July, 1830, Bechtler announced in the “North Carolina Spectator and Western Advertiser”, a regional newspaper, that he had opened a jewelry and watch clock repair business in Rutherfordton. In 1831, the local miners and merchants petitioned Congress to establish a branch mint in the gold producing region, but the petition was ignored. Shortly thereafter, several miners approached Bechtler and convinced him to assay their gold and convert it into coins. Bechtler advertised in the “North Carolina Spectator and Western Advertiser” that he was ready to convert raw gold into coins at his home. Bechtler made his own dies, planchets, presses and other equipment. Late in 1831, the Bechtlers produced the first gold dollars struck in the United States. The Bechtlers produced three denominations; $1, $2.50, and $5, and the coins were struck in three finenesses; 20 carats, 21 carats, and 22 carats. The coins were of honest weight and any variation in fineness was due solely to the limited technology at the time. After the opening of the Charlotte and Dahlonega Mints in 1838, Bechtler’s production began to decline. In 1840, Bechtler filed a report with the United States Treasury Department showing that he had coined $2,241, 840 from 1831 to February, 1840. The Bechtlers were the most successful, prolific and long lasting of all the pioneer and territorial minters. The coins were well accepted across the Southeast and some Confederate contracts specified payment in Bechtler gold.
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