The United States utilized a two-cent coin for just ten years, from 1864 to 1873.
Struck using a middle state of the same reverse die as the 30-grain Kagin-1 dollar, the Kagin-2 is the earliest gold dollar struck to the 20-carat/28-grain per dollar standard adopted by Christopher Bechtler, Sr., in late 1834. The location of the “28.G.” weight suggests that Bechtler may have intended to include the fineness on these early dollars. This variety was probably struck for less than a year and appears infrequently at auction. Approximately 20 examples are known, with a handful of pieces in mint state, with the reeded edge. The plain edge is rare with just a couple known.
Obverse Description
28.G (high) CBECHTLER.RUTHERF:
Reverse Description
ONE N:CAROLINA GOLD DOLLAR.
Catalog Information
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To: editor@greysheet.com
Subject: I would like to contribute catalog info to CDN for (1834) G$1 C. Bechtler, 28 GR, High, Reeded Edge, K-2 MS
Body: Referring page: http://livetest.greysheet.com/prices/item/c-bechtler-g1-reeded-edge-28-gr-high-kagin-2-territorial-gold-coinage/gsid/11731 GSID: 11731 Title: (1834) G$1 C. Bechtler, 28 GR, High, Reeded Edge, K-2 MS
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Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS60 |
|
$30,000 | $1,234 |
| MS60 | - | $30,000 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
Greysheet News
Denis W. Loring was among Early American Coppers' Charter Members.
CAC approved and CACG encapsulated coins fared well in public sales during the month of July 2026.





