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Riehn, Hemme & Co Assay Office - Gold Receipt, rec'd from W.F. & Co. 1865 [163554]

Currency:USD Category:Coins & Paper Money / Ingots Start Price:1,000.00 USD Estimated At:2,000.00 - 4,000.00 USD
Riehn, Hemme & Co Assay Office - Gold Receipt, rec'd from W.F. & Co.  1865  [163554]

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Riehn, Hemme & Co., Assay Office, San Francisco, CA, Jan 4, 1865 - No. 1735 Assay Receipt. for gold bullion bar deposited by Wells Fargo and Company. The piece is signed by Palmer, perhaps indicating that the bar went through C.T.H. Palmerís bank at Folsom . Red on white form. Located on434 Montgomery Street. Palmer handled much of the placer gold produced from the region around Folsom including famous locals such as the Mormon Bar. Assay result as follows: Weight before melting 130.36 oz, After melting 130.26 oz, Fineness .929, Value $2503.25. In addition to fees there is a column for U.S. Internal Revenue Tax which on this transaction amounted to $13.01 Extremely Fine. Very Rare. Riehn, Hemme & Co., Assay Office, San Francisco: 1862-1882. Charles F. Riehn and August Hemme opened an assaying business in late 1862 or early 1863. The company had an office in the heart of the San Francisco financial district at 434 Montgomery near the corner of Montgomery and California, directly across the Street from the Wells, Fargo & Co.'s bank and express office. Prominent gold rush assayers Henry Hentsch and Francis Berton also had an office in the same building as Riehn and Hemme, possibly across the hall, but moved out within the next year. Riehn & Hemme's lab and processing facilities were located at 408 Montgomery and 1 Sumner Street. By the end of the Civil War in 1865, Riehn & Hemme were one of a dozen assaying firms in San Francisco. Riehn & Hemmeís business was located in the center of the mining and business district of San Francisco. The building directly across the street at 422 Montgomery housed no less than a half dozen mining stockbrokers. Orville Ames, and three others, ran a mining stock brokerage next door. Charles Sutro, Adolph's brother, ran a gold dust and bullion brokerage business located immediately across the street from Riehn & Hemme. Kellogg & Hewston, perhaps the best-known California Gold Rush assay firm of the period, was located just a few doors down the street at 416 Montgomery. In the early 1870's, Riehn & Hemme centralized their business to the 404 Montgomery location, where they stayed for another decade, until selling out to F. Reichling about early 1882. The two decades they were in business was a long stretch for any California Assaying firm. Size: 5.25 x 11 inches. Check the Mining Section for other RARE California Assayer documents. San Francisco California Franklin Collection