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UNITED STATES: AR medal, 1902, XF

Currency:USD Category:Coins & Paper Money / US Coins Start Price:170.00 USD Estimated At:200.00 - 300.00 USD
UNITED STATES: AR medal, 1902, XF
SOLD
220.00USD+ buyer's premium
This item SOLD at 2026 Jan 23 @ 14:06UTC-08:00 : PST/AKDT
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BUYER'S PREMIUM - The Buyer's Premium is $20 per lot or 20% of the hammer price, whichever amount is greater.
UNITED STATES: AR medal, 1902, HK-296, 40mm, silver so-called dollar commemorating the 50th anniversary of the company's founding, WELLS FARGO & COMPANY on arch across field; above, stagecoach traveling right, its passenger firing rifle at armed bandit in the distance; below, rider riding backward on horse galloping left, firing rifle at Native American archer, snake and skeleton below // "1852 - MARCH 18th - 1902" on banner across field; above, steam locomotive traveling left, telegraph cable behind, ship and factories in distance; below, EXPRESS AND BANKING with crossed quill pens and crossed keys above, hand gripping thunderbolt below, FIDELITY underneath, with later loop, one small rim bump, toned, XF. According to www.so-calleddollars.com, this medal was made around March 18, 1902 and given to every employee with at least one year of service.Wells Fargo was founded in 1852 by the Vermont-born Henry F. Wells and New Yorker William G. Fargo as an express and banking service for the American West, in particular the ongoing California Gold Rush (1848-55). The company survived the Panic of 1855 and developed into the pre-eminent business, communication, and transportation agent of the West, famous for its red Concord stagecoaches and shotgun passengers. As the U.S. Postal Service was then restricted to California coast towns, the company filled the important function of mail deliveries to remote interior locations. By 1880, Wells Fargo had 573 offices, agents, and correspondents across the West. The company separated its express and banking services in 1905. The former operated until 1918, when it was taken over by US government as a wartime measure, though its overseas operations continued in Cuba and Mexico until the 1960's; the latter survived until its acquisition by the Northwest Corporation in 1998, which continues to operate under the name of Wells Fargo to the present-day.