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Obverse of 1849 One Dollar - Gold     Reverse of 1849 One Dollar - Gold


1849 ONE DOLLAR - GOLD

Mintage:
Circulation strikes: 688,567
Proofs: Existence doubted

Designer: James Barton Longacre

Diameter: ±12.7 millimeters

Metal content:
Gold - 90%
Other - 10% 

Weight: ±25.8 grains (±1.7 grams)

Edge: Reeded

Mintmark: None (for Philadelphia, Pensylvania) below the wreath on the reverse

Images courtesy of Ira & Larry Goldberg Coins & Collectibles

Varieties:
Open Wreath (illustrated above)
Closed Wreath 
No "L" on truncation 

Notes:
The discovery of vast quantities of gold in California prompted the issuance of a new American coin in 1849 - the Gold Dollar.  Each of the four U.S. Mints in operation at the time (Philadelphia, New Orleans, Dahlonega and Charlotte) produced Gold Dollars, with Philadelphia contributing 688,567 coins to the total.  

The finest Uncirculated "Open Wreath" example graded by PCGS is a single MS-69.

The finest Uncirculated "Closed Wreath" examples graded by PCGS are 4 MS-66's.

The finest Uncirculated "No L" example graded by PCGS is a single MS-67.

Recent appearances:
MS-65PL.  Ex - Bowers & Merena Galleries' "The Rarities Sale", January 3, 2001, Lot 411, "Open Wreath", illustrated, not sold

PCGS MS-65.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 615, "Close Wreath, L on Truncation", illustrated, sold for $5,060.00

NGC MS-65.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 7453, "No L", illustrated, sold for $4,715.00

PCGS MS-65.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part III", May 21, 2001, Lot 157, "Closed Wreath", illustrated, sold for $3,910.00  Ex - Bowers and Merena Galleries' Robert W. Schwan Collection Sale, October 26-27, 2000, Lot 2077, sold for  $6,900.00;  From the sale of the Harry W. Bass, Jr. Collection, October 1999, Lot 20; purchased from the Goliad Corporation

PCGS MS-65.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 3, "Open Wreath, Small Head, With L", illustrated, sold for $4,830.00  Purchased from Julian Leidman, April 3, 1973

PCGS MS-65.  Ex - Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family Trust Collection Sale", May 28-30, 2001, Lot 1181, "No L, Open Wreath", illustrated, sold for $5,060.00

PCGS MS-64.  Open Wreath.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "The California Sale", October 2-3, 2000, Lot 605, sold for $2,530.00

NGC MS-64.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 7454, "Closed Wreath", not illustrated, sold for $1,012.00

PCGS MS-64.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 7452, "No L", illustrated, sold for $2,012.50

MS-64.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 8, "Close Wreath", illustrated, sold for $1,610.00  From Stack's Metro Sale, May 1971, Lot 1160

NGC MS-64. Ex - Heritage Numismatic Auction, Inc.'s, "Summer 2001 Long Beach Signature Sale", May 31-June 2, 2001, Lot 8772, not plated, unsold

SEGS MS-64.  Ex - Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family Trust Collection Sale", May 28-30, 2001, Lot 1182, "Open Wreath", illustrated, sold for $1,438.00

PCGS MS-64.  Ex - Bowers & Merena Galleries' "The Rarities Sale", January 3, 2001, Lot 412, "Open Wreath, Large Head", illustrated, sold for $2,070.00

MS-63 Prooflike.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. Lariviere, Part II", March 15-17, 2001, Lot 12, sold for $1,265.00

NGC MS-63.  Open Wreath.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "The California Sale", October 2-3, 2000, Lot 606, sold for $1,322.00

NGC MS-63.  Closed Wreath.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "The California Sale", October 2-3, 2000, Lot 607, sold for $920.00

MS-63.  Ex - Bowers and Merena Galleries' Robert W. Schwan Collection Sale, October 26-27, 2000, Lot 2074, "Open Wreath, L on Truncation", unsold

MS-63.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 1, "Open Wreath, Small Head, No L", illustrated, sold for $2,300.00   Purchased from the Goliad Corporation, December 16, 1971

MS-63.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot  4, "Open Wreath, Small Head, With L", illustrated, sold for $1,725.00  Purchased from Julian Leidman, May 30, 1972

MS-63.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 6, "Open Wreath, Large Head", illustrated, not sold  From Paramount's session of Auction '86, Lot 1846

Choice Brilliant Uncirculated.  Ex- Stack's "The September Sale", September 12-13, 2000, Lot 1341, sold for $1,495.00

Choice Brilliant Uncirculated.  Ex- Stack's "The September Sale", September 12-13, 2000, Lot 1342, sold for $488.75

PCGS MS-62. Open Wreath.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 7125, not illustrated, sold for $632.50

PCGS MS-62. Open Wreath.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 7126, not illustrated, sold for $1,265.00

PCGS MS-62.  Ex- Stack's "The September Sale", September 12-13, 2000, Lot 1340, "No L, Open Wreath", sold for $2,070.00

MS-62.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 5, "Open Wreath, Small Head, With L, Doubled 18 in date", not illustrated, sold for $1,035.00  Purchased from Stanley Kesselman, December 21, 1971

MS-62.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 7, "Open Wreath, Large Head", not illustrated, sold for $1,610.00  Purchased from Julian Leidman, February 18, 1972

PCGS MS-61.  Closed Wreath.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 7127, not illustrated, sold for $805.00

ANACS MS-61. No L, Open Wreath.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 7124, not illustrated, sold for $402.50

MS-61.  Ex - Bowers and Merena Galleries' Robert W. Schwan Collection Sale, October 26-27, 2000, Lot 2075, "Open Wreath, L on Truncation", sold for $414.00

About Uncirculated, light wear.  Ex - Stack's "65th Anniversary Sale", October 17-19, 2000, Lot 1627, not plated, sold for $155.25

EF-40.  Ex - Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family Trust Collection Sale", May 28-30, 2001, Lot 1183, "Open Wreath", not illustrated, sold for $195.00

EF-40.  Ex - Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family Trust Collection Sale", May 28-30, 2001, Lot 1185, "Closed Wreath, Heavy Date", not illustrated, sold for $173.00

Sources and/or recommended reading:
"The PCGS Population Report, April 2004" by The Professional Coin Grading Service

Obverse of 1849 One Dollar - Gold     Reverse of 1849 One Dollar - Gold

Images courtesy of Superior Stamp & Coin