SOLD – $1.00 – 1849-C Closed Wreath PCGS MS63 CAC

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SOLD – $1.00 – 1849-C Closed Wreath PCGS MS63 CAC


Serial Number 7505.63/26591898

PCGS Lookup Number 7505

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Last sold in late 2012 as part of the famous Vasquez Rocks Collection of Gold Dollars and there described as follows:

“This is a numismatically significant issue as the first collectable gold dollar from this mint. There is also an 1849-C Open Wreath variety but it is excessively rare with just five known and few collectors can afford it. A total of 11,638 Closed Wreath coins were produced by the Charlotte Mint in 1849 and an estimated 10 to 15 are known in Uncirculated. Most are in the MS60 to MS61 range and this issue is very rare in MS62 and above. I am aware of four or five that grade MS63 and I have never seen (just) one better than this.

As with all known 1849-C Closed Wreath gold dollars, this piece was struck from an obverse die with a convex appearance and a reverse that is concave. The obverse on this specimen is very frosty with nice natural medium yellow-gold color that deepens to green gold about the border; the reverse is semi-prooflike with a more even medium yellow-gold hue. There are some small areas of roughness in the planchet, as made, that should not be confused with marks but this is, overall, a well-made example for the variety with very clear detail seen at the centers.

The last PCGS MS63 to sell at auction was Bowers and Merena 6/10: 3465 which went cheaply at $12,075. Prior to this, Stack’s 6/08: 753 realized $17,825. The finest known, graded PCGS/CAC MS64 was sold by me in 2014 to Dr. Steve Duckor and later sold as Lot 4238 in the Heritage 2015 ANA auction where it brought an impressive $49,350. It now resides in the Simpson Collection.

This piece is clearly in the Condition Census for the issue and it is one of six graded MS63 by PCGS with a single coin higher.”

Ex Heritage 11/05: 2354, where it sold for $15,525.

This is the only example in MS63 aproved by CAC with one finer than this (MS64).