The Otago Gold Rush (often called the Central Otago Gold Rush) was a gold rush that occurred during the 1860s in Central Otago, New Zealand. This was the country's biggest gold strike, and led to a rapid influx of foreign miners to the area – many of them veterans of other hunts for the precious metal in California and Victoria, Australia. The rush started at Gabriel's Gully but spread throughout much of Central Otago, leading to the rapid expansion and commercialisation of the new colonial settlement of Dunedin, which quickly grew to be New Zealand's largest city. Only a few years later, most of the smaller new settlements were deserted, and gold extraction became more long-term, industrialised-mechanical process. Background Previous gold finds in New Zealand Previously gold had been found in small quantities in the Coromandel Peninsula (by visiting whalers) and near Nelson in 1842. Commercial interests in Auckland offered a £500 prize for anyone who could find payable quantities of gold anywhere nearby in the 1850s, at a time when some New Zealand settlers were leaving for the California and Australian gold rushes. In September 1852, Charles Ring, a timber merchant, claimed the prize for a find in Coromandel. A brief gold rush ensued around Coromandel township, Cape Colville and Mercury Bay but only £1500 of gold was accessible in river silt, although more was in quartz veins where it was inaccessible to individual prospectors. The rush lasted only about three months. A find in the Aorere Valley near Collingwood in 1856 proved more successful, with 1500 miners converging on the district and removing about £150,000 of gold over the next decade, after which the gold was exhausted. The presence of gold in Otago and on the West Coast during this time was known, but the geology of the land was different from that of other major gold-bearing areas, and it was assumed the gold would amount to little. Previous gold finds in Otago Māori had long known of the existence of gold in Central Otago, but had no use for the ore. For a precious material they relied on greenstone for weaponry and tools, and used greenstone, obsidian and bone carving for jewellery. The first known European Otago gold find was at Goodwood, near Palmerston in October 1851. The find was of a very small amount with no ensuing "rush". Instead, the settlement of Dunedin was just three