First US Dollar Study and Collection
US $1 Dollar Collection Study: First Issue of Liberty Head Type 1 Series.

Owner Comments:

This first year $1 Gold Liberty Head (Type I) 1849-O NGC AU58 has an attractive pleasant bright yellow gold luster and a very strong strike! The obverse is nicely struck as expected and the reverse is a better than expected for this grade. Mintage of the New Orleans 1849-O is placed at 215,000, not rare, but well below the 1.3 million Philadelphia mintage.

For my U.S. Gold Type Set this $1 Gold 1849-O will represent my New Orleans specimen.

Per Jeff Garrett: "None of the Close Wreath dies were received in New Orleans in time for the coinage of 1849; thus, all known examples are of the Open Wreath variety. Most examples are well struck on the obverse but are usually weakly struck in the central portions of the reverse, sometimes very much so. This is one of the more readily available New Orleans issues but is still quite popular as a first year of issue. The 1849-O coin is not a great rarity in the lower states of preservation. Choice and Gem coins are, however, seldom seen and quite desirable. The finest graded example, an NGC MS 66 sold for $20,700 in August 2012."