How Kellogg & Company Took Over the Gold Coin Industry in 1854
The booming influx of gold that was brought into the economy during the California Gold Rush was unfathomable. In fact, the sheer quantity of gold coming in triggered Congress to authorize a new branch mint in San Francisco during 1852. It would not be until two years later, in 1854, that the San Francisco Mint would open for operation. During this period of time, there was a massive coin shortage occurring on the west coast. As a result, many private assaying offices and mints began sprouting around California.
