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<p>[QUOTE=&quot;johnmilton, post: 26640046, member: 101855&quot;]It is a private issue so it does not qualify as a coin. It is a token.</p><p><br /></p><p>These pieces are an interesting piece of economic history. The first California constitution forbid banks from issuing circulating paper currency. Everyone had to use gold and silver coins, tokens or a “pinch” from a prospector’s bag of gold dust. A piece like this put a limit on the size of the “pinch.” Bartenders with big, thick fingers were probably in great demand in those days![/QUOTE]</p><p><br /></p>

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