SOLD – $1.00 – 1849 Open Wreath, PCGS MS65 CAC

1849_1_op_wr_P65_CAC.jpg
1849_1_op_wr_P65_CAC.jpg
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SOLD – $1.00 – 1849 Open Wreath, PCGS MS65 CAC

4,950.00

Serial Number 21936360

PCGS Lookup Number 7502

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Large Head, L on neck.  This is the more common of the 1849 Open Wreath gold dollar varieties and it is quickly identifiable by the position of the coronet tip. The 1849 Open Wreath with L is common in the lower Uncirculated grades but it is less available in Gem than the common 1851-1853 issues. It is, however, a tough coin in Gem.

This is a vibrant, frosty example that to the naked eye seems better than its PCGS grade. A closer looks shows a few minor obverse scuffs in the fields but this coin’s exceptional luster and pleasing medium green-gold hue makes it a first-rate Gem.

The last PCGS MS65 example with CAC approval to sell at auction was Heritage 4/10: 3401, which realized $4,888.

This is an impressive first-year-of-issue which is both numismatically significant and aesthetically appealing.

CAC has approved four in this grade with just two finer (both MS66).

on hold