Prescott, city (1990 pop. 26,455), alt. 5,389 ft (1,643 m), seat of Yavapai co., central Ariz. in a mineral-rich area; inc. 1883. It is a mining and ranching center, a summer resort, and the headquarters of Prescott National Forest. Cattle farming; the production of timber, wheat, corn, alfalfa, and hay; and mining are the predominant economic activities. Light manufacturing, including waxes and earthenware, is developing in importance. Gold was discovered in the county in 1863, and Prescott was built in 1864 near Fort Whipple. It was twice territorial capital (1864–67, 1877–89). The city is the seat of Prescott College. Of note are the Phippen, Sharlot Hall, and Smoki museums.