The obverse of this coin is quite simple, with Liberty facing left surrounded by 13 stars. Her coronet is incused with LIBERTY. The reverse has the legend UNITED STATES OF AMERICA at the edge. Within a laurel wreath are the date and denomination. The mintmark is located below the wreath. Coins were minted in Philadelphia, Charlotte, Dahlonega, New Orleans and San Francisco, all with reeded edges. The varieties in this Type are limited to the wreath design. There is an Open Wreath and Closed Wreath variety, with the difference being in how near the wreath comes to the number 1 of the denomination. The 1849-C Open Wreath variety is without doubt the “king” of gold dollars, and is one of the rarest of all U.S. gold coins, with only four known to exist.
By diameter, this is the smallest coin ever minted by the United States. The design is rather plain, in large part due to the small size. Although very well received when issued, the tiny size led to many coins being lost. In the mid-1800s this was no small matter, as 1 dollar was a full day’s pay for many Americans. Thoughts quickly turned to replacing this Type with a larger coin. In 1854, banks were ordered to return to the Mint all Type 1 gold dollars they received. The Mint would melt the coins to create planchets for the new gold dollars.
Prices Shown Subject to Change
The pricing quoted on this page is based on the current market price for this precious metal, which constantly fluctuates and we continuously update from 7 a.m. – 5 p.m. CT, Monday through Friday.
You will be charged the price listed at the time you place your order and it is confirmed as paid. If your order was not confirmed as paid, it may need to be reviewed by our fraud team and your price will not be locked in until you speak with a Blanchard account representative.
To protect against the rare event of abnormally volatile market conditions, we reserve the right to deny pricing quoted on this website.
You will be charged the market price at the time you lock in your order with us.