1849 Closed Wreath $1.00 PCGS MS66
There are numerous varieties of 1849-P gold dollar, but most of these use the Open Wreath reverse. Due to striking problems, the mint changed over to a Closed (or “Close”) Wreath reverse later in the year and this is the design type seen most often. This issue is common in the lower Uncirculated grades but it becomes very scarce in MS64 and it is rare in MS65. MS66 and finer examples are extremely rare.
This is one of the two nicest examples of this variety that I have seen. It is well struck and extremely frosty with light rose and orange-gold color on the obverse and deeper shades of orange-gold on the reverse. The strike is sharp except for a touch of weakness at the very center of the reverse. There is a single fine old line on the cheekbone that runs diagonal to Liberty’s eye and some minor scuffing in the fields.