Territorials are private-issued coinage and ingots, which were primarily made of gold, resulting from the spur of geographic settlement of the American gold rush eras in Georgia, North Carolina, California, Oregon, Utah and Colorado. Besides the most well-known names of Humbert, Kellogg and Moffat, other notable names were Templeton, Bechtler and Baldwin, among other pioneers in private money. The U.S. Constitution prohibited state-issued coinage, but no laws were enforced against private companies producing coinage. The localized spikes in raw gold supply and the related demand for a reliable medium of exchange created unique territorial specimens, which are fascinating, tangible assets attesting to historic regional economic booms. Territorial gold issues are seeing increased popularity, while being exceptionally rare, particularly in high quality condition. Simply put, they make a great addition to any coin portfolio. Learn More