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: $51.18 (11/28/2015)
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.


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Price Guide

Last Updated: 9/24/2015

Click on a price to see historical prices, comparison charts and trends.

Base $ 400 475 750 1175 1975 2700 3450 4250 6150 10000 13250 20000 50000 - - - - - -
$ 2150 - 3850 4900 6750 - 14750 - - - - - -

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Total Graded: 101
Low Grade: VF
Average Grade: 55
High Grade: 64

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
6/2/2005 NGC AU 58   Heritage Auctions 2005 June Long Beach Signature Auction #376, 376/Lot# 7460 $4,025.00
11/5/2006 PCGS AU 58   Teletrade Auction 2282, 2282/Lot# 2360 $4,144.00
8/15/2011 NGC MS 62   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 3626 $8,625.00
1/29/2012 PCGS AU 58   Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 1060 $10,206.25
5/30/2012 PCGS AU 53   Stack's Bowers The June 2012 Baltimore Auction, 137/Lot# 4104 $3,450.00
7/29/2012 NGC XF 40   Heritage Auctions Internet Coin Auction Session(2), 131232/Lot# 21177 $881.25
12/5/2013 NGC Details AU Details  Heritage Auctions 2013 December 5 - 8 US Coins Signature Auction - Houston Session(4), 1192/Lot# 4838 $1,292.50
1/26/2014 PCGS XF 45   David Lawrence Rare Coins Internet Auction # 788, 797/Lot# 811 $2,100.00
7/13/2014 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 07/13/2014, 203/Lot# 203084 $1,603.80

NGC Registry

NGC Registry Score 1849C CLOSED WREATH G$1 MS
Registry Image Gallery
Grade: AU 58
Points: 3987
Owner: Grand Tour
Grade: AU 50
Points: 2009
Owner: L
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