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Five gold-plated nugget Latouche Island tokens sell for $14,101 in Nevada auction March 29, 2014

Holabird Western Americana Collections offers tokens in auction
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Published : 04/18/14
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Five bronze, gold-plated nugget tokens issued by Charles Sealey of Latouche Island in Alaska sold at auction March 29, 2014, for a total of $14,101 including the 19.5 percent buyer’s fee, by Holabird Western Americana Collections.

Sealey was a miner and businessman in Alaska. He joined the Klondike Gold Rush in 1897.

The tokens tell one of the many stories of the Klondike Gold Rush, 1896 to 1897. The pieces just sold represent a significant increase in the total population of the tokens. The tokens were sold individually in the auction.

The tokens Sealey issued are “considered one of the great western monetary pieces from the Alaska gold rush. Before this find, there may have only been five to 10 known in existence,” according to the auction firm. The five tokens were dug and “show the signs you would expect of tokens buried for some time.”

One side of one of the gold-plated nugget tokens (Lot 281) states ✶ CHARLES E. SEALEY ✶  LATOUCHE, ALASKA and has a tiny gold-plated copper nugget attached. The text on the other side says GOOD FOR ONE DOLLAR’S WORTH OF ANYTHING surrounding CHARLES E. SEALEY in the center of the token. This individual token sold for $2,200.

According to the auction firm, these dug tokens were found in the 1940s by a Norwegian prospector. Many of the miners in that part of Alaska were from Norway. Latouche Island is in Prince William Sound, located southwest of Valdez, Alaska. It was the “perfect target for prospectors on the way to the goldfields,” according to the catalog description.

Any remnants of the mining community of Latouche Island are gone. A magnitude 9.2 earthquake hit Alaska on March 27, 1964, causing massive changes to the landscape. Latouche Island was raised about 9 feet and moved about 60 feet southeast. The community was deemed unsafe and its structures were bulldozed, according to the catalog description. The once-thriving mining town is now considered a ghost town.

For more information about this item and other lots in the auction, visit the auction website at www.FHWAC.com or telephone the firm at 775-825-1624.

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