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Description

Excessively Rare 1849-C Gold Dollar, One of Four Known Examples

1849-C G$1 Open Wreath Fine 15 NGC. Ex: Elrod. This coin was previously part of the William Miller Collection of Charlotte and Dahlonega Gold (HNAI, 2/99), where it was described, in part, as follows: "This piece is diagnostically correct and consistent in every regard with the other three Open Wreath coins. The star opposite Liberty's nose is weaker than the others and has a foreshortened inner point, the leaf directly below the 1 on the reverse is hollow, and the leaf below the 9 in the date is partially detached. The obverse is brighter than normal from a light cleaning, while the reverse is more subdued and shows a number of scratches in the center with evidence of having been once been mounted in the area on the right side of the wreath."
To this extensive description, we can only reiterate once more the rarity and desirability of the 1849-C Open Wreath dollar among advanced gold collectors. The four known coins are survivors of an unrecorded mintage that the Charlotte Mint achieved with a single pair of dies. In addition to their unsurpassed rarity among gold dollars, these four coins are the rarest of any denomination produced by the North Carolina branch mint. A desirable coin despite its impairment, great is the sale that numbers this coin among its gold coin offerings.
Ex: McReynolds (before 1956); Leo Young; Charles Southwick; GENA Sale (Pine Tree, 9/74), lot 1952, where it realized $35,000; Elrod Collection (Stack's, 5/86), lot 1330; California Collection, obtained by private treaty sale from Winthrop Carner for a reported $150,000; Heritage Rare Coin Galleries (1997); William Miller Collection (HNAI, 2/99), lot 6086. (NGC ID# 25BB, PCGS# 7506)

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Auction Info

Auction Dates
January, 2000
7th-10th
Internet/Mail/Phone Bidders: 4
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