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Unique Pigeon Roost $500 Fragment with Palace Mills $1 on back

Currency:USD Category:Coins & Paper Money / Exonumia - Scrip Start Price:500.00 USD Estimated At:1,000.00 - 2,000.00 USD
Unique Pigeon Roost $500 Fragment with Palace Mills $1 on back
SOLD
500.00USD+ (125.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 21 @ 11:13UTC-7 : PDT/MST
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This currency took a beating and this fragment is no exception. Graded and authenticated by PMG.

America's first gold rush started in North Georgia in 1828, twenty years prior to the California Gold Rush. The Pigeon Roost Mining Company of Auraria, Georgia was at the heart of the Georgia Gold Rush in the 1830s. Out of this assortment of varied and motley gold seekers emerged an innovative group of "Twenty Niners" who, out of necessity, developed mining techniques, banking and assaying systems in a remote area at a time when the world was not technologically advanced. There was no such thing as mining geology or geologic mapping practiced in the United States. Georgians were the first to engage in these unusual pursuits, that lead the way for the mining, banking and assay house systems that flourished during the California Gold Rush. Georgia's Pigeon Roost Mining Company was the first major operating mine in the 1830s. They issued private scrip in lieu of United States coin, which rarely circulated on the Appalachian frontier. Others followed suit.
(1724443-001) (Al Adams Gold Rush Memorabilia Collection) Date: 1861 Location: Auraria, Georgia HWAC# 57442