INCREDIBLE NEAR PERFECT 1849 GOLD DOLLAR
With L On Truncation, Open Wreath Reverse.
Freshly struck from dies that were lightly clashed and then refinished. Slight evidence of die clashing remains, most visible from the curve of Liberty’s chin and neck in the reverse field left of the large numeral 1. The dies were then refinished, imparting a subtle reflectiveness and a series of fine, parallel polishing lines to the fields. As we should expect from this “technically perfect” grade, there is little to separate the quality of this mid-19th Century circulating issue from any freshly minted, struck-to-perfection modern commemorative.
Boldly struck with exceptional fine detail, wonderful original orange-gold coloration, and with nearly perfect surfaces, this is well qualified as one of the finest surviving gold coins of its era.
This is the finest known 1849 Coronet Open Wreath Gold Dollar, the only PCGS MS69, followed by a single PCGS MS67. Additionally, PCGS reports four other Coronet Type 1 Gold Dollars certified as MS69, including an 1852 and three 1853s.
- (Superior 5/1992: lot 2419 @ $46,200 as PCGS MS69)
- Private Collection, O’Connor Numismatics