Broken Gold™ - Buying Scrap Gold and Fine Jewelry
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California Gold Rush

California Gold Rush

It began in 1848 and would eventually involve a half a million people from around the world. California’s gold rush not only increased the population of the state, it brought prosperity and commerce to the area for years to come.

The first gold sighting occurred during the construction of a sawmill for John Sutter on the American River at Coloma, near Sacramento. James Marshall, Sutter’s partner in the construction, found the tiny gold nuggets in the river on the morning of January 24, 1848.

The Californian, a San Francisco paper from that era, first reported on the discovery in their March 15 edition. Following Marshall’s discovery, two other detections were made by General John Bidwell in the Feather River and Major Pearson B. Redding in the Trinity River.

Two years after the initial gold discovery, California became a state. By 1852, the new state’s annual gold production reached its peak of $81 million. In the same year, hydraulic mining was introduced at American Hill north of Nevada City and in Placer County at Yankee Jims. At the same time, panning for gold was quickly becoming unprofitable.

In 1859, silver was discovered in Nevada. Many miners abandoned their quest for gold, contributing to the eventual end of the gold rush. By 1864, the gold rush was over. Although, gold mining continued through the use of hydraulic mines for another 20 years in California, the days of simply spying shiny nuggets in the water had come and gone.

Sell Gold at BrokenGold™! It's easy, just put your gold in the prepaid envelope and send it to us. You will receive a check 24 hours after we receive your gold. It is that easy! We have gained an excellent reputation on the web and have an ever-growing list of satisfied customers. If you have questions take a look at our Frequently Asked Questions page.

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