EL PASO GOLD PROSPECTORS ASSOCIATION
Except for small recoveries of gold by
Indians and Spanish explorers, gold was first discovered and
mined in the United States In North Carolina in 1799. This
initial discovery was followed by others in the 1820 s and 1830 s
in several of the other Appalachian State. These States produced
significant amounts of gold until the Civil War. After the
discovery of gold In California in 1848 the Western States
contributed the bulk of this country's gold production. New
discoveries in widely separated areas In the Western States
followed in rapid succession. From 1799 through 1965, the United
States produced about 307,182,000 ounce of gold, which at the
price of $86 per ounce would be valued in round numbers at
$10,751 million. In an analysis of gold-production trends, the
period 1932-59 is particularly informative; the effect of the
increase of the price of gold in 1934 from $20.67 to $36 per
ounce is clearly shown, as is the effect of a fixed selling price
of gold combined with rising coats of labor and material in
post-World War II years. Districts that have produced more than
10,000 ounces are distributed in 21 States. Five
States-California, Colorado, South Dakota Alaska and Nevada-have
yielded more than 75 percent of the gold produced in this
country. Of the more than 500 districts that have produced more
than 10,000 ounces of gold, 45 have produced more than 1 million
ounces, and four-Lead, S.D., Cripple Creek, CO, Grass Valley,
Calif., and Bingham, Utah- have produced more than 10 million
ounces each. The 25 leading districts have produced about half
the gold mined in the United States, and the 508 districts that
are described account for roughly 90 to 96 percent.
[Oreg.] [Ariz.] [N.M.] [S.D.] [Tenn.] [S.C..] [N.C..] [Penn.]
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