Originally used for grazing by the settler David Reid, the area was known as Mayday Hills until 1853, when it was renamed Beechworth. The Post Office opened on 1 May 1853 as Spring Creek and was renamed Beechworth on 1 January 1854.
In its golden heyday from 1852-1857, this was a fabulous gold region and centre of government; but its power, wealth and influence were short lived. At its wildest moments of gold discoveries, Woods related how an early party of prospectors retrieved a pan of gold weighing 14 lb (about 7 kg). Another lucky party, said Woods, cleared some 50lb (approx. 25 kg) of gold in a week. And so began a rush into this remote region. During the first election campaign in 1855, one candidate, Daniel Cameron, rode a horse shod with solid gold horseshoes. The extravagance of this event is still commemorated as the logo for Beechworth is a golden horseshoe.