Coin Specifications

Category: Gold Dollars (1849-1889)
Mint: Dahlonega
Mintage: 1,250
Catalog: KM-86
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 1.6720g
AGW: 0.0484oz
Melt Value: $61.29 (9/3/2014)
Diameter: 15mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1861 D G$1 MS obverse 1861 D G$1 MS reverse


  
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Description & Analysis

The 1861-D is the rarest and most famous gold dollar from this Southern mint. It is also the single most coveted coin from Dahlonega, as it is the only regular issue that was produced entirely by the Confederacy. After the Mint was seized in April 1861, between 1,000 and 1,500 examples were struck by CSA forces. It is unlikely that more than five to six dozen are known today. Interestingly, more of these exist in high grade than one might expect, and there are probably more than a dozen pieces in Uncirculated. Winter writes in the second edition of Gold Coins of the Dahlonega Mint that 'the number of high grade specimens is greater than normal for an issue with this small a mintage, suggesting the existence of a small hoard.' It is not at all a stretch of the imagination to suggest that some Confederate officer, or some involved with the production of these fabled coins, kept a handful of souvenirs of what must have been a momentous occasion for those involved: a tangible association in golden metal of the rift that was dividing the fabric of a nation. This issue has a distinct appearance that contributes in part to the charm of the 1861-D gold dollar. It is always found with a weak strike on the obverse.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 4/16/2014

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1861 D G$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 5250 6500 9500 13000 31000 31000 50000 57500 62500 69000 72500 75000 80000 120000 145000 195000 - - - - -
$ 35000 51500 60000 66000 53000 61000 76000 84000 98000 135000 186000 - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 28
Low Grade: 40
Average Grade: 58
High Grade: 65


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
11/7/2003 PCGS MS 63   Heritage Auctions 2003 November Signature Sale #334, 334/Lot# 7072 $52,900.00
1/28/2004 PCGS MS 61   Heritage Auctions 2004 January Long Beach Signature Sale #342, 342/Lot# 6771 $26,450.00
1/9/2008 NGC MS 65   Heritage Auctions 2008 January Orlando, FL (FUN) Signature Coin Auction #454, 454/Lot# 3050 $149,500.00
11/11/2012 PCGS AU 55   David Lawrence Rare Coins Internet Auction # 725, 734/Lot# 1126 $66,500.00
4/24/2013 NGC AU 55   Heritage Auctions 2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago Session(5), 1184/Lot# 4441 $49,937.50
6/5/2013 PCGS MS 63   Heritage Auctions 2013 June 5 - 9 US Coin Signature Auction - Long Beach Session(3), 1186/Lot# 4697 $111,625.00
1/8/2014 PCGS AU 58   Heritage Auctions 2014 January 8 - 12 FUN US Coin Signature Auction - Orlando Session(3), 1201/Lot# 5350 $55,812.50


NGC Registry

NGC Registry Score 1861 D G$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base11133453902456552645836630165816963719879608929978910919152421926224799325334348859218
11111535304123479854545991639467087041745282839215101651236016582211072737736184487310
0000005454599163946708704174528283921510165123601658221107273773618400
0000005645614664876835711977068606950210542138011792222953299553983600
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