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: $63.75 (7/26/2016)
Diameter: 13mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1849 C OPEN WREATH G$1 MS obverse 1849 C OPEN WREATH G$1 MS reverse


Images courtesy of Heritage Auctions (HA.com)
  
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Description & Analysis

Jeff Garrett: This issue must be considered the “king” of all gold dollars and is one of the rarest US gold coins. The Charlotte Mint was the only Branch Mint to receive the new Close Wreath dies in time to strike the 1849-dated coins. All other branch mint issues are found with Open Wreath designs only. Probably just a handful of coins were struck in Charlotte with the Open Wreath dies. Waldo Newcomer discovered the variety sometime before 1933. It is estimated that currently five are known to exist, the finest being an MS 63, which sold for $493,500 in April, 2015. Other known examples of the 1849-C Open Wreath design grade from Fine to About Uncirculated.

Note: this coin is included among the 100 Greatest U.S. Coins (Garrett and Guth).


GRADE SUMMARY

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Price Guide

Last Updated: 5/10/2016

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1849 C OPEN WREATH G$1 MS
  GVGFVFXF505355586061626364656667686970
Base $ - - 150000 200000 285000 400000 450000 500000 540000 - - 690000 - - - - - - - -
$ - - - - - - - - - - - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 2
Low Grade: VF
Average Grade: 40
High Grade: 45


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/7/2000 NGC F 15   Heritage Auctions 2000 F.U.N. Signature Sale #218, 218/Lot# 7549 $86,250.00
1/8/2003 NGC F 15   Heritage Auctions 2003, Orlando, FL. (FUN) Signature Sale #308, 308/Lot# 4607 $97,750.00
2/3/2010 NGC XF 45   Heritage Auctions 2010 February Long Beach, CA Signature US Coin Auction #1137, 1137/Lot# 1359 $218,500.00
4/22/2015 NGC MS 63   Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(4), 1219/Lot# 5228 $493,500.00
1/6/2016 PCGS MS 62   Heritage Auctions 2016 January 6 - 11 FUN US Coins Signature Auction - Tampa Session(4), 1231/Lot# 5512 $528,750.00


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