The United States utilized a two-cent coin for just ten years, from 1864 to 1873.
Today, there are three collectible examples of the 1849 Cincinnati Mining & Trading $10, all of which grade AU. One of these is struck over a J.S. Ormsby $10, suggesting that Cincinnati Mining & Trading (or someone with their dies) was actively striking coins after J.S. Ormsby. Two examples are permanently impounded at the Smithsonian, including a choice BU specimen that was removed from a bullion deposit in 1849 or 1850. The Dupont specimen — stolen in 1967 — was at one time called plain edge but the earliest description of the piece (H. Chapman: 06/18/1908: 506a) describes it clearly as “border milled”, suggesting that the Kagin-2 variety probably does not exist.
Obverse Description
Native American facing left CINCINNATI MINING & TRADING COMPANY.
Reverse Description
Eagle bearing a shield, arrows, and laurel, CALIFORNIA TEN DOLLARS, 1849.
Catalog Information
Send Catalog Feedback
To: editor@greysheet.com
Subject: I would like to contribute catalog info to CDN for 1849 G$10 Cincinnati Mining & Trading, K-3 MS
Body: Referring page: http://beta.greysheet.com/prices/item/1849-cincinnati-mining-and-trading-ten-dollar-territorial-gold-coinage/gsid/11737 GSID: 11737 Title: 1849 G$10 Cincinnati Mining & Trading, K-3 MS
View more data, info, and visualizations. Get access to retail and wholesale pricing as well as auction data.
Values
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.





