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<p>[QUOTE=&quot;lehmansterms, post: 4281600, member: 80804&quot;]$50 gold &quot;slugs&quot; weren&#039;t in common use in day-to-day transactions. Rather like a $500 or $1000 bill would be, at best, awkward to make change for a newsstand purchase, they were simply too much money in a single package for widespread use. The $50 slugs were minted in some quantity by a few well-known and respected private mints in California during the 1850&#039;s. Their designs emulated those of regular-issue US gold coins of the era, and they were used somewhat like very high denomination bills were in the 19th &amp; 20th centuries for transfers between banks and between businesses of relatively large sums. Those made by highly respected and trusted sources like the US Assay Office of Moffat &amp; Co. and assayer Augustus Humbert, the Baldwin &amp; Co., Kellogg &amp; Co. and Wass, Molitor &amp; Co. offices in San Francisco in the 1850&#039;s might conceivably be in very limited circulation in the time represented in that John Wayne western - gold circulated a lot more freely in the west - as long as it was supposed to take place prior to the withdrawal of gold from circulation in the 1930&#039;s.[/QUOTE]</p><p><br /></p>

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