1849 G$1 No L MS(PCGS#7501)

Spring 2019 Baltimore U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

1125

Grade

MS67

Price

21,000

Lot Description

Breathtakingly Beautiful 1849 Open Wreath, No L Gold Dollar Historic First Year Issue 1849 Gold Dollar. Open Wreath. Small Head, No L. MS-67 (NGC). This is an exquisite, virtually pristine example of a historic gold dollar issue. Aglow with frosty mint luster and vivid medium gold patina, both sides are silky smooth in texture with not even a single detracting blemish in evidence. Fully struck with outstanding visual appeal, even the most discerning collector will be impressed by this solidly graded Superb Gem. The 1849 Open Wreath, No L is reportedly the first gold dollar struck in the Philadelphia Mint, with a mintage of only 1,000 pieces delivered on May 8 of that year (per Walter Breen, 1988). Although a fair number of coins were saved as the first of their kind, this variety is much rarer than both the Open and Close Wreath varieties with the designer's initial L added to the truncation of the bust. In Superb Gem Mint State, as here, the 1849 No L is a noteworthy condition rarity that would serve as a highlight in an advanced gold type or date set. NGC Census: 5; 3 finer (MS-68 * finest). PCGS# 7501. NGC ID: 25B7. Click here for certification details from NGC.