Long popular with collectors, these octagonal slugs are a unique offering from the California Gold Rush era. The surfaces on this particular piece are fantastic with nearly prooflike fields. It's very rare that we find such a nice example with no major distracting marks on the reverse. The beautiful design was struck before the US Mint started conducting business in San Francisco at the Assay Office under the direction of Augustus Humbert and were widely circulated in California, even once official coins were produced. CAC approved for quality and eye appeal.