1998 32¢ Klondike Gold Rush
Issue Date: August 21, 1998
City: Nome, AK
Printed By: Sterling Sommer for Ashton-Potter (USA) Ltd
Printing Method: Lithographed
1998 marked the 100th anniversary of the peak of the Klondike Gold Rush. Although gold was discovered in this region two years earlier, more than 60,000 people rushed to Alaska and Canada in search of their fortune in 1898.
Thousands Rush to the Klondike in Search of Gold
In August 1896, a group of people led by Keish (Skookum Jim Mason) traveling down the Klondike River discovered gold deposits in Rabbit Creek, Yukon. The area was later renamed Bonanza Creek, because so many people came looking for gold. Nearby mining camps quickly got word of the discovery and miners began flooding the area.
The following summer, the news spread to the United States, which was in the middle of a financial recession, with several bank failures. Americans who had been affected by the crisis packed their belongings and began the long trek North. Historians estimate that the arrival of these miners spiked the population to nearly 40,000. Although not everyone was fortunate enough to find gold, many of these people were entrepreneurs that opened businesses and helped the economy.