|Date of Issue||May 8, 1958|
|Perforation or Dimension||12|
|Printer||Canadian Bank Note Company, Limited.|
M-NH-VF Mint - Never Hinged - Very Fine
|Mint - Never Hinged - Very Fine||$0.40|
U-VF Used - Very Fine
|Used - Very Fine||$0.20|
In 1858 when pioneers discovered gold in the valley of the Fraser River thousands of miners flocked into the country to search for wealth. One hundred years later the people of the entire province of British Columbia celebrated the Centennial while the Post Office Department commemorated the anniversary by the issue of a 5-cent postage stamp.
The vast territory west of the Rocky Mountains had been neglected. But attention focused on the western regions of North America when the United States elections of 1844 took place. The Democratic slogan of "54-40 or Fight," caused some alarm until Great Britain and the United States agreed by the Oregon Treaty to the 49th parallel as the boundary between British territory and the United States. Thus British Columbia became unquestionably British territory. Vancouver Island and the mainland of British Columbia were separate British colonies until they were united in 1866, and British Columbia entered Confederation in 1871.
The gold rush of 1858 opened up a large part of British Columbia, and helped in the development of the colony and the final establishment of the province.
An illustration of a placer miner panning gold on the bank of a mountain stream. (In mining the word "placer," probably of American-Spanish origin about 1848, means a place where surface deposits are washed for valuable minerals such as gold.)