Coin Specifications

Category: Gold Dollars (1849-1889)
Mint: Charlotte
Mintage: 11,634
Catalog: KM-73
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 1.6720g
AGW: 0.0484oz
Melt Value: $58.84 (10/1/2014)
Diameter: 13mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1849 C CLOSED WREATH G$1 MS obverse 1849 C CLOSED WREATH G$1 MS reverse


  
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Description & Analysis

The U.S. Mint was quite late coming to the gold dollar party. The Bechtler family of Rutherford County, North Carolina--capitalizing on the nation's first gold rush nearly two decades before that in California--had produced private gold coinage since 1831, the year of their first gold dollar. The Mint had fiddled with gold dollar patterns as early as 1836. That was the year in which it produced the derivative Judd-67 dollar patterns, based on the Liberty Cap and Rays design of Mexican silver coinage. The same design would be used on Mint medalets produced that same year that commemorate the first U.S. steam-powered coinage.

But it would be another 13 years, until 1849, before the first federal gold dollars were produced. Meanwhile, the young nation had opened branch mints in New Orleans, Dahlonega, Georgia, and Charlotte, North Carolina, but only New Orleans struck both gold and silver. The two inland mints struck only small-denomination gold, so it came as no surprise when Charlotte struck gold dollars in the first year of the federal coinage, alongside Dahlonega, Philadelphia, and New Orleans. The Charlotte mintage, however, at 11,634 coins was a pittance compared to the much-larger productions in Philadelphia and New Orleans. The fiddling was not yet completely over, as the design went through several iterations in its first year, and later subtypes would appear in 1854 and 1856. The Open Wreath 1849-C is a fabulous rarity, while the Closed (or Close) Wreath is scarce in all grades and a true rarity in Mint State. The 1849-C Closed Wreath dollars are usually found prooflike, with convex obverse fields that give a bulged look to the coins.

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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1849C CLOSED WREATH G$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 400 475 750 1175 1875 1875 2675 3450 4250 6150 8250 10000 12850 18000 36000 - - - - - -
$ 2075 2900 3850 4900 6750 8500 10750 14400 25000 38600 - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 92
Low Grade: VF
Average Grade: 55
High Grade: 64


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
11/5/2006 PCGS AU 58   Teletrade Auction 2282, 2282/Lot# 2360 $4,144.00
1/29/2012 PCGS AU 58   Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 1060 $10,206.25
10/17/2012 PCGS   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 5263 $705.00
7/27/2013 NGC MS 62   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 5016 $7,931.25
7/28/2013 PCGS Genuine XF   GreatCollections GreatCollections Coin Auctions 07/28/2013, 85/Lot# 105753 $927.30
1/26/2014 PCGS XF 45   David Lawrence Rare Coins Internet Auction # 788, 797/Lot# 811 $2,100.00
6/4/2014 NGC Details AU Details  Heritage Auctions 2014 June 4 - 8 US Coins Signature Auction - Long Beach Session(5), 1206/Lot# 5549 $1,057.50


NGC Registry

NGC Registry Score 1849C CLOSED WREATH G$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base111663958145017532009296534273987430445655104600779601376920190300524536411
112217611122155118382327311936134092439147445405665898961590923477351564536410
00000018382327311936134092439147445405665898961590923477351564536400
000000192326463273380041984478492457067309118321804926764402604536400
Registry Image Gallery
Grade: MS 62
Points: 829
Owner: Irxharts
 
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