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.
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