Token US Baldwin California 20 Dollar 1851

There are only a few genuine $20 Baldwin & Co gold coins known. One specimen in well preserved condition was sold in April 2014 for $646,250 US dollars. Yes, you are reading that number right! Ten dollar Baldwins are slightly more common. You can read about them at this CoinQuest link.

Now, these copper $20 tokens are another story. We are not sure when, where, or by whom they were produced, but they are slightly uncommon and at least some decades old. The ugly token in our image is worth about $10 to a collector. A coin dealer would probably pay $4 or $5 to buy one from you.

Sometimes you can find these copper tokens still in the original unopened packaging including a paper slip with a description of the token and a little history about private mints in California. These command a higher price. Such originally packaged tokens are worth $25 to $50 to a collector, $10 to $20 to a coin dealer.
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