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Baldwin’s earliest issue, the “Vaquero” or “Horseman” $10, is widely considered a masterpiece by collectors of pioneer gold coins. It was designed in early 1850 by Albrecht Kuner, originally for use by Kohler & Company whose equipment the firm purchased in March of 1850. Somewhere between 20 and 25 examples exist in private hands, with the finest known being a near gem BU. A handful of pieces are known in mint state, and any of these would probably merit inclusion in the condition census. The Baldwin Horseman’s design is the last privately minted California gold coin whose design is not loosely based upon a U.S. federal gold coin. The Horseman $10s edge is coarsely reeded, and appears to match the Miners’ Bank $10s, struck by Baldwin’s predecessor, Kohler & Company.
Obverse Description
California Vaquero above 1850., CALIFORNIA GOLD. TEN DOLLARs. Around, KUNER engraved on base
Reverse Description
Federal eagle BALDWIN & Co. SAN FRANCISCO. 10 stars around
Catalog Information
GSID:
11702
Designer:
Albrecht Kuner
Obverse Designer:
Albrecht Kuner
Obverse Lettering:
1850., CALIFORNIA GOLD. TEN DOLLARs, KUNER
Reverse Designer:
Albrecht Kuner
Reverse Lettering:
BALDWIN & Co. SAN FRANCISCO
Strike Type:
Business
Coin Shape:
Round
Edge:
Coarsely Reeded
Variety:
Baldwin
Variety 2:
Horseman, K-3
Coin Date:
1850
Denomination:
G$10
Designation:
MS
Mint Location:
San Francisco
Mintage:
20–25 known
Coinage Type:
Private & Pioneer Gold
Coinage Years:
1850-1851
Composition:
Gold
Rarity:
6
PCGS #:
10028
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Coin Value History
1850 G$10 Baldwin, Horseman, K-3 MS
Value By Grade
1850 G$10 Baldwin, Horseman, K-3 MS
CPG (retail) values
Currency
Grade Range
Grading Authority
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Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS64 |
|
$2,160,000 | $1,234 |
| MS64 | - | $1,800,000 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
1850 Baldwin & Co. $10. K-3. Rarity-6. MS-61 (PCGS). CMQ.
$840,000
1850 Baldwin & Co. $10. K-3. Rarity-6. MS-63+ (PCGS). CAC. CMQ.
$1,260,000
1850 Baldwin & Co. $10 Gold. K-3. Rarity-6. Horseman Type. MS-64 (NGC).
$324,012
$1,035
Baldwin & Co. $10 'Restrike' Deep Cameo Proof PCGS. ...
$1,380
Baldwin & Co. $10 'Restrike' Deep Cameo Proof PCGS. ...
$1,265
Baldwin & Co. $10 'Restrike' Deep Cameo Proof PCGS. ...
$1,150
Baldwin & Co. $10 'Restrike' Deep Cameo Proof PCGS. A modern copy of the legendary Baldwin 'Horseman' Territorial Ten Dollar...
$920
$138,000
$67,850
$37,400
1850 $10 Baldwin Ten Dollar MS61 PCGS. K-3, R.6. ...
$381,875
$195,500
$1,035
Baldwin & Co. $10 'Restrike' Deep Cameo Proof PCGS. ...
$1,265
Baldwin & Co. $10 'Restrike' Deep Cameo Proof PCGS. ...
$1,150
Baldwin & Co. $10 'Restrike' Deep Cameo Proof PCGS. A modern copy of the legendary Baldwin 'Horseman' Territorial Ten Dollar...
$1,955
Baldwin & Co. $10 'Restrike' Deep Cameo Proof PCGS. ...
$1,265
Baldwin & Co. $10 'Restrike' Deep Cameo Proof PCGS. ...
$1,208
1857/0 $10 Baldwin Ten Dollar Modern Restrike Deep Cameo Proof PCGS. .906 Fine Cal. Gold. Struck in the year 2002 from bull...
$1,380
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Events
Midlands Coin Club Coin, Currency and Collectibles Show - SC
Location: Medallion Center
Friday, May 1, 2026
