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Image of Bechtlers, 5 Dollars, 1834
 
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Materials: Gold
Measurement: Dia. 24.8 mm, Wt. 8.993 g
Source: Transfer from U.S. Mint
Note:
 


Bechtlers, 5 Dollars, 1834

Like Templeton Reid, a family of German immigrants named Bechtler established a private mint to coin gold between 1830 and 1852. The head of the clan, Alt Christoph, started out in the Black Forest area where he was apprenticed as a goldsmith, silversmith, and gunsmith.

Already well into middle age, he decided to seek his fortune in America. The early spring of 1830 found him and his family in Rutherfordton, North Carolina, where they set up shop as jewelers and watchmakers. The shortage of coinage in that part of the South, the abundance of gold from the new discoveries, the near-impossibility of getting it safely to the Mint at Philadelphia, and Alt Christoph’s experience as a metallurgist, set the conditions for an important event.

When local settlers were unsuccessful in petitioning Congress to establish a branch Mint, Alt Christoph created a private mint. He made his dies, punches, even his presses, himself. His coins were simple affairs, but they were of honest weight and good quality. His first gold coins began making their appearance in the summer of 1831.

Alt Christoph ran the Bechtler mint until 1840. He then retired, and the operation was taken over by his son, August, remaining at work until about 1852, when it finally closed. To the Bechtlers goes the distinction of issuing the first gold dollars. They were doing so as early as 1834; the federal government didn’t get around to striking the denomination until 1849!
 
Related Events
1828: A large deposit of gold is discovered near Dahlonega, Georgia.
1830: President Andrew Jackson signs the Indian Removal Act, ordering resettlement of tribes in the West.
1832: President Andrew Jackson vetoes the charter of Bank of United States, abolishing the institution.
1836: The U. S. Mint first uses a steam engine to operate a press.
1850: The Compromise of 1850 keeps sectional interest in Congress from splitting the nation apart.
 
Golden Legends The following objects are in this section.
Templeton Reid, 10 Dollars, 1830United States, 5 Dollars, 1838Oregon Exchange Company, 5 Dollars, 1849Clark, Gruber & Co., 20 Dollars, 1860
Templeton Reid, 5 Dollars, 1830United States, 2 1/2 Dollars, 1848U.S. Assay Office, 50 Dollars, 1851 
Templeton Reid, 2 1/2 Dollars, 1830United States, 20 Dollars, 1849 (Pattern)Kellogg & Co., 50 Dollars, 1855 
Bechtlers, 5 Dollars, 1834Oregon Exchange Company, 10 Dollars, 1849United States, 50 Dollars, 1877 (Pattern) 
 
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