Learn About The Upcoming Open Wreath Gold Dollar Auction Directly At Rare-Coin.org
Next week in Long Beach, CA, a unique rare gold dollar from the Charlotte, NC mint will be up for auction. The 1849 C open wreath is exceptionally rare, and the auction will take place from February 3 to February 7 at the Heritage Auction Galleries in Long Beach.
In 2004, one of these rare gold dollars sold for nearly $700,000. This coin was minted at the Charlotte mint which opened in 1838 along with the Dahlonega mint to process gold from the Georgia Gold Rush, the first North American gold rush. Both mints operated until being closed down at the start of the Civil War. The quantities at these mints were never very huge which contributes to their rarity.
Heritage Auction Galleries calls itself the world’s largest collectables gallery. It February 2010 rare coin auction will also include many other rare gold coins. The 1849 C open wreath gold dollar is NGC graded at 45. An 1849 C closed wreath gold dollar is NGC graded at 64. The auction also will offer a 1922 D Quarter Eagle, NGC graded 65. This is the gold coin with recessed highlights, meant to lead to less wear.
The auction has very early American gold coins such as a 1795 half eagle, NGC graded 60 and a 1795 13 leaves Eagle, graded 53 by PCGS. The auction list goes on with a 1907 wire rim Eagle, Saint Gaudens Double Eagles and more.
As gold rises, so does the value of a rare gold coin, although not following the price increase smoothly. It will be interesting to see which of these certified rare gold coins breaks through to higher levels at the upcoming auction.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
