1849-C G$1 Closed Wreath MS62 PCGS. CAC.

1849-C G$1 Closed Wreath MS62 PCGS. CAC. The "Closed Wreath" is a misnomer, as this wreath is still open a bit, it is just "closer" than its cousin the 1849-C Open Wreath, among the rarest of all U.S. gold coins and listed in the 100 Greatest U.S. Coins by Garrett and Guth.
While the 1849-C Closed Wreath is more available, it stands on its own merits as a historic U.S. coinage issue. It was only in 1849 that the United States finally began issuing gold dollar coinage, some 18 years after the Bechtler family made their first Territorial gold dollars in North Carolina in 1831. Of course the C-mint issue is therefore the first mintmarked federal gold dollar, along with the 1849-D which was produced in larger quantities (about twice as many as the 1849-C, both varieties).
The 1849-C Closed Wreath shows characteristic bulging of the obverse die, as here, which must not be mistaken for damage. This piece shows pretty yellow-gold surfaces with a touch of red around the obverse rim. While there are some light contact marks, both sides show considerable field-device contrast and good eye appeal. Population: 5 in 62, 5 finer (9/08).

Coin Engraver: James B. Longacre

Shipping: Coins & Currency (view shipping information)

Important notice: Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium with a $9 minimum Buyer's Premium. Please make sure you read the Terms and Conditions before you bid. This lot is being auctioned in conjunction with a live floor auction by Heritage Auctions. All final auction and invoice information will be supplied by Heritage Auctions, and all other information should be considered preliminary. Lot:1836

Winning Notification and Billing: After the FINAL session in this auction is complete, Heritage will send e-mail and snail mail invoices. This process normally takes several days. All final auction and invoice information will be supplied by Heritage Auctions, and all other information should be considered preliminary.

Second Chance Offers: Heritage does not make Second Chance Offers. Once our auction ends, if you receive a Second Chance Offer to buy this item DO NOT accept the offer. Please forward any Second Chance offer emails received on one of our auctions to eBay's Safe Harbor Department.

This auction will be conducted on a live auction floor and over the Internet through eBay Live. If you choose to place an absentee bid, please take a moment to learn how eBay Live absentee bidding works