The First U.S. Commemorative?  A Gold Rush Treasure Story

Image courtesy of Professional Coin Grading Service (PCGS)

While the 1892 Columbian Half Dollar is officially published as America’s first commemorative coin, there is another legendary issue that many argue is the true heir to this prestigious title:  The 1848 “CAL.” Gold Quarter Eagle

The reason for this claim? The 1848 Gold piece was minted from the very first gold sent east from the famous California Gold Rush, and each coin bears a special “CAL.” Stamp above the eagle as recognition of the pedigree and source of the gold.

Born in the Gold Fields of California

On January 28, 1848, gold was discovered at Sutter’s Mill near Coloma, California – and this single event ignited one of the most exciting times in the young nation’s history. People from all over the country, and indeed, the world, flooded into the gold fields of California and surrounding areas armed with rustic tools, a strong back, and the dream of striking it rich.  

Between 1848 and 1855 an estimated 300,000 people arrived in the California territory.  Settlements quickly sprung up, many of which would become cities which thrive to this very day. San Francisco became a boom town – eventually getting its own branch mint to strike coins from all the gold being mined from the surrounding countryside. Transportation also rapidly improved – including advancements in railroads and steamships – and this all fueled the further development of California.

All these changes ultimately led to the admission of California into the Union as a state in 1850 – only two years after the Sutter’s Mill discovery!

Gold Rush Gold Travels East

Less than a week after the original discovery at Sutter’s Mill, California’s military governor, Col. Richard B. Mason, ordered Lt. Lucien Loeser to immediately depart for Washington, D.C. carrying samples of the newly found California gold.  This first gold, packed in a tea caddy, made the long overland journey to the East coast, where it ultimately ended up at the Philadelphia Mint to be assayed (tested for purity.)  

After it was assayed, the Philadelphia Mint struck an estimated 1,389 gold Quarter Eagles ($2.50 denomination) made exclusively from this California gold.  To commemorate this event, the abbreviation “CAL.” was counter stamped into the surface of each coin – directly above the head of the eagle.   

A Legend Is Born

Because of this incredible pedigree and the commemorative nature of the CAL. designation, many argue that the 1848 CAL Gold Quarter Eagle truly deserves the honor of being called the First US Commemorative Coin.  

Only 1,389 coins were ever stuck, and only a fraction of that mintage have survived to this day.  The coin’s romantic story, great historical significance and scarce numbers have all served to make it incredibly popular and justifiably valuable.  

A review of the major grading services reveals that this gold treasure has been submitted for grading around 127 times, and they have achieved grades from Good 6 to MS68.  These days, an 1848 CAL Quarter Eagle in Mint State 60 grade is valued at around $130,000 – while the same coin in highest grade can be expected to bring $475,000 – $800,000 at auction. 

Buyer Beware!

Of course, as one might suspect, the nature of the CAL counter stamp and the high value of these rarities have led to many forgeries of this historically significant rarity over the decades.  

The First Polish Constitution, Commemorated on a Dutch Medal 

The Polish Constitution of 3 May was adopted 230 years ago. Thomas Jefferson, who then served as an American envoy in Paris and later became the President of the USA, stated that there were only three constitutional acts that deserved recognition: those of the United States, Poland and France. The introduction of the May Constitution was one of the most momentous events in the history of the Polish-Lithuanian Commonwealth, and an attempt at defending its independence. Unfortunately, the joy was short-lived. In 1792, a confederation of conservatives opposing all reform appealed to Empress Catherine II to intervene. The Russian army entered Poland, and the end of the Commonwealth drew near. 

3 May 1791  –  Sejm Proceedings under Military Escort

Faced with the progressive limitation of the Polish-Lithuanian Commonwealth’s sovereignty (following the first partition in 1772) and a growing dependence on Russia, patriots started calling for reform. A chance to introduce them arrived during the Great Sejm (1788-1792). The confederated Sejm (which could not be broken off) culminated in the adoption of the Constitution of 3 May 1791. 

The legislation was passed in a controversial manner, in circumstances that could be likened to staging a coup. The proceedings were held two days before the planned date, thus a number of MPs and senators (including many conservative) were not in Warsaw at the time. The army surrounded the Royal Castle, where the Sejm congregated, in order to quell any possible unrest. Military men disguised as valets guarded the members of the progressive patriotic faction. Marshal of the Sejm Stanisław Małachowski was given special protection. 

Jan Matejko, The Constitution of 3 May 1791, 1891, the Royal Castle in Warsaw. Source: Wikipedia

The session was heated from the very beginning. Everyone was aware of the gravity of the moment. And although patriots had the advantage, their opponents did not want to surrender without a fight. Member of Parliament Jan Suchorzewski, who opposed the reforms, even proclaimed that he would sooner kill his son than let him live under the oppression that the country was about to experience.

Amidst noise and nearly theatrical scenes, the king and the Marshal of the Sejm strove to have the Constitutional act ratified. The draft for the document had been prepared in secret by a team which included King Stanisław August, Stanisław Małachowski, Ignacy Potocki, Hugo Kołłątaj and others, aided by the royal secretary Scipione Piattoli.

Marcello Bacciarelli, Portrait of Stanisław August in a Feathered Hat, after 1780, the National Museum in Warsaw

Changes Introduced by the May Constitution 

The Constitution comprised eleven articles. It acknowledged the Roman Catholic creed as dominant, but guaranteed the freedom of practicing other religions. The nobility was to keep their privileges and prerogatives, with the exception of the infamous ‘liberum veto’, which allowed any single member of parliament to cause an immediate termination of the ongoing session. The Constitution also upheld the provisions of the Free Royal Cities Act adopted on 18 April 1791, which granted townspeople the right to send their representatives to the Sejm, guaranteed their personal freedom and allowed them to purchase land estates and hold public office, thus offering a path to social advancement to a substantial section of the society. The issue of the peasantry was also tackled. While not granting peasants any specific rights or freedoms, the Constitution was the first act to acknowledge them as a part of the civic community, alongside the nobility and townsfolk.  

The Commonwealth was to be governed in accordance with the principle of the separation of power, divided into the legislative (the Sejm), the executive (the king and the ‘Guardians of the Law’) and the judiciary branch. A bicameral parliament was established; it was to convene on a biannual basis. Laws would be passed by a majority vote. It was also expected that a Constitutional Sejm would be held every twenty five years, to introduce necessary amendments to the Basic Law.

The king held executive power together with ‘Guardians of the Law’, i.e. his government. Aside from the monarch and the primate, the body was to comprise five ministers, responsible for Foreign Affairs, Internal Affairs, Police, Treasury and War. The ‘Guardians’ were appointed by the king. The Constitution also abolished royal elections in favour of hereditary monarchy. After the death of Stanisław August, the throne was to pass to the House of Wettin. If the king happened to be underage, the ‘Guardians of the Law’ were to act as regents, led by the queen or, in her absence, by the primate of the country.Lastly, the Constitution introduced changes to the judicial system. Courts of first instance would be established in all voivodeships, lands and counties. The choice of judges lay with local assemblies (sejmiki). Additionally, each province was to have a Supreme Tribunal, which served as the court of appeal. 

Johann Georg Holtzhey, Medal to Commemorate the Constitution of 3 May, Amsterdam 1791, the National Museum in Krakow / the Princes Czartoryski Museum 
Johann Georg Holtzhey, Medal to Commemorate the Constitution of 3 May, Amsterdam 1791, the National Museum in Krakow / the Princes Czartoryski Museum 

The Dutch Medal Presented to the King of Poland 

The adoption of the Constitution was an event that reverberated both within the country and worldwide. Such a momentous occasion had to be commemorated in a fitting manner – and, indeed, it was, not only by publishers and artists producing propagandist prints, but also by medallist. 

A unique work of the art of medal-making was created in Amsterdam in 1791. Rich in symbolic depictions, the coin was minted to honour King Stanisław August Poniatowski, and was presented to him as a gift. The donators were citizens of the United Provinces (the Netherlands), by the names of Gülcher and Mülder. A Warsaw-based banker Piotr Blank acted as an intermediary, making sure that the king received the gift. 

The donators enlisted the services of an excellent Dutch medallist Johann Georg Holtzhey (1729-1808), master of the mint in Amsterdam and Utrecht. 

Holtzhey designed the obverse of the medal to feature an elegant royal portrait of Stanisław August. In an interesting propagandist move, he chose to adorn the king’s head with oak leaves instead of the more typical laurel. In Ancient Roman tradition, an oak wreath was granted as a reward for extraordinary civic merit. Aside from the king’s customary titles (“Stanisław August, z Bożej łaski król Polski i wielki książę litewski” [Stanisław August, by the Grace of God King of Poland and Grand Duke of Lithuania]), the legend around the rim of the coin included the phrase “PATRIAE PARENS” [Father of the Homeland]. 

The main motif on the reverse is the quartered coat of arms of the Commonwealth (with the Poniatowski family crest – Ciołek), depicted on a globe-shaped field,  topped with a mural crown and a Christogram (to signify religious tolerance). Beside it, a winged genius holds a Phrygian cap (a symbol of freedom) in his right hand, and an olive branch and a caduceus in his left. The broken shackles depicted at the genius’ feet represent foreign violence. 

The background features sunbeams and the eye of Providence keeping watch over the citizens’ endeavours. To the left of the coat of arms, the medallist depicted a fasces, scales and the sword of justice, to represent fair and equal judgment for everyone in the country. The surrounding inscription reads: “TERRORE LIBERA” [Free of Fear]; the one beneath the main motif is: “EX PERHONORIFICIO COMITIORUM DECRETO D.III MAY MDCCXCI” [By Honourable Decree of the Assembly on 3 May 1791].

Treason at Targowica

The May Constitution was a short-lived act. In 1792, opponents of the reforms formed a conspiracy that led to a Russian intervention. A group of magnates, among them General of Artillery of the Crown Stanisław Szczęsny Potocki, Great Crown Hetman Franciszek Branicki and Field Hetman Seweryn Rzewuski, met at Targowica in Ukraine to establish a confederation that would defend the freedoms they believed Constitution to violate. 

Their actions were enthusiastically welcomed by the Russian Empire, which – having signed a peace treaty with Ottoman Turkey – sought to reinstate its weakened influence over Poland. Empress Catherine II happily assumed the role of ‘protector of freedom’ and deployed nearly 100,000 troops to Poland to “aid the common cause of restoring to the Commonwealth its rights and privileges”. This was the beginning of the Russo-Polish War of 1792, a conflict that would hasten the demise of the Polish-Lithuanian Commonwealth. 

‘Targowica’ crown thaler, Warsaw 1793, the National Museum in Krakow / the Princes Czartoryski Museum

These painful events were commemorated on a medal coin, the so-called Targowica thaler, issued in 1793 at the initiative of the confederates. Unusually, the obverse did not feature the likeness of the king, only a propagandist inscription glorifying the ‘patriotic’ deeds of the confederation: ”Obywatelom, których miłość kraju powodowała, że starali się bronić wolności polskiej, zniszczonej przez spisek z dnia 3 maja 1791 r. – Rzeczpospolita powstająca” [To the citizens whom love of their country prompted to defend Polish freedom, destroyed by the conspiracy of 3 May 1791 – the Commonwealth Rising]. The message was additionally reinforced by the wording of the inscription around the rim: “Wdzięczność współobywateli przykładem dla potomności” [In gratitude to fellow citizens to set an example for posterity]. 

The reverse also differed from that of standard thaler coins. Instead of the coat of arms, it depicted the following inscription: “Postanowieniem Rzeczpospolitej skonfederowanej w dniu 5 grudnia 1792 r. za panowania Stanisława Augusta” [By decree of the Confederated Commonwealth on 5 December 1792, during the reign of Stanisław August].  

The Grodno Sejm, the last session of parliament in the history of the Polish-Lithuanian Commonwealth, held in 1793 with ‘encouragement’ from the Russian army, ratified the second partition of the country and nullified the May Constitution. The final attempt at saving Poland’s independence came in 1794, in the form of an uprising led by general Tadeusz Kościuszko. The insurrection was suppressed by Russian forces; and one year later Poland ultimately disappeared from the map of Europe. 

Marcin Brzezinski is a graduate of the Faculty of Journalism and Political Science at the University of Warsaw. He is interested in the history of Polish aristocracy and old photography. Author and co-author of several books, including: “Adam and Jadwiga Czartoryski. Photographs and Memories” (2013), “Stanisław Kazimierz Kossakowski. I love photography” (2019). Co-creator of historical exhibitions, including: “For here we do not have an enduring city – a story about palaces on the Royal Route in Warsaw” (2010). He has been cooperating with the National Treasury (Skarbnica Narodowa) for several years.  The area of his numismatic interest is primarily historical Polish coins.

Coins and the Importance of Where to Look

by Andreas Kolle

Have you ever wondered why the head of the monarchs appear to look either to the left or the right – and if there is a system with it? Short answer, it’s both complicated and fun.

Long traditions for facing right

Faces on coins first appeared in the 6th century BC, but it was during the following century that profiles of gods and goddesses appeared frequently. The most famous is probably the Owl tetradrachm of Athens. The much-copied tetradrachm and stater of Alexander the Great also looked right. There were exceptions to this rule, for example the Corinth Pegasus stater, but the dominating coins looked right.

Roman emperors almost always looked to the right. Given the significance of these coins, this made right-facing coins dominant both in Rome and in many countries copying them. The outwards-looking solidus coins of the Byzantine Empire did not catch on, and right was the direction to look. 

There might be an easy explanation: We write from left to right. This means that this is the “preferred” way of looking. We also know that the devil is associated with the left, and the word “sinister” comes from the Latin word for “left”.

The English Switch

Another interesting development is that queens like Elizabeth I of England and Christina of Sweden often looked to the left. And this might have been the reason for a typical English tradition. 

Henry VII and Henry VIII both looked right and straight ahead in some cases. Mary I and Elizabeth I both looked left. James I faced both left and right depending on the coin. Charles I looked left, but Charles II looked both ways. Finally, his younger brother, James II, looked only to the left – and the monarchs that followed him have alternated between looking left and right, all the way down to our current monarch…

Of course, there is one interesting exception to the rule, and it is our old friend, Edward VIII. He was supposed to look to the right, but preferred the left side of his face, and insisted on looking the “wrong” way. The tradition from 1685 onwards did not seem to bother him. The coin was prepared, but no coins made it into circulation. When he abdicated, the Royal Mint pretended that his coin was made with him looking to the right. Therefore, the George VI coin was made with him looking to the right again to keep in tradition.

What could be more British than insisting that a coin never circulated was made with the opposite design to the one it had so that tradition was upheld? 

The Emperor and the King

When it comes to portraits, Scandinavia did a bit of everything. Denmark insisted on always looking to the right, whereas Sweden from 1907 onwards always looked to the left. With all due respect to the Anglo-French enmity, this is the real long-standing feud in Europe. Norway, on their part, did exactly like Britain and switched sides.

France, however, is where things get very confusing. It seemed as they alternated every other turn, because Louis XIII and XIV looked to the right, and Louis XV and XVI predominately looked to the left. Then you have the cat among the pigeons: Napoleon. He decided to look to the right, probably to symbolize a new time in opposition to Louis XVI. When he was deposed and Louis XVIII took over, the new king was quick to look to the left again. This is hardly surprising. Louis XVIII was the brother of the deposed and executed Louis XVI. Making a break with Napoleon made sense. When he died, his brother Charles X took over, also looking to the left. When he was deposed in the 1830 revolution, the once-radical Louis Philippe was made king, and perhaps to make a stand against the two conservative kings who preceded him, he faced right.

And now we end up with the wisest fool in Christendom, Napoleon III. In 1851 he was crowned emperor. This made him the second emperor in traditional counting, however the Bonaparte family claimed that Napoleon Bonaparte’s son was emperor for a couple of weeks. This meant that either Napoleon I looked right, and an imaginary coin of Napoleon II would look to the left and Napoleon III should look to the right again or that all emperors, like in Ancient Rome, should look to the right.

Napoleon III looked to the left. Because of course he did.

This might have meant that he considered himself a continuation of the kings of France rather than an abomination with his own rules. It could have had another explanation. After all, Napoleon III was the man who Karl Marx had in mind when he coined the phrase “History repeats itself, first as a tragedy, then as a farce“. Napoleon III was in either case the last monarch of the French. 

Andreas Kolle is a Norwegian historian cum laude and the resident historian for Samlerhuset Norway. A professional copywriter with 10 years of experience, Andreas also keeps the Samlerhuset blog active by covering a range of numismatic and historical topics. He has a contagious love for all things numismatic and historical and adheres to the QI adage that there is no such thing as an uninteresting item.