$69.99 – Sold Out
This forwarding receipt from Wells Fargo was issued in Colombia, California in 1859. The receipt is for the transport of $2,708 worth of gold to the United States Mint in San Francisco.
Miners in the California Gold Rush (1848 - 1855) needed a way to securely store and transport gold to avoid theft or loss, and banks provided an easy solution. Many would deposit their gold at financial institutions for safekeeping, and would often receive paper currency or bank drafts in exchange for their gold. The gold would then be melted down and refined by the banks before being sold or used to back currency. As the gold rush continued and more deposits were made, banks and financial institutions became a crucial part of the economy of the American West.
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