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1849 G$1 D-1, No L, Normal Stars MS65+ PCGS

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Price:   
Grade: MS65+
Quantity: 1
PCGS Coin #: 521670
Last Update: 8/10/2022
Dealer:  (Terms) Heritage Auctions (HA.com)

Auction: 2022 August 22-28 - U.S. Coins Signature - Auction #1348 - Session 6 View this auction on the auction site
Auction Date: 8/24/2022 - 8/24/2022
Lot Number: 3992 View this lot on the auction site

Show/Booth: ANA World Fair / Loews Louvre 2
 
(Item is available at this booth)
1849 G$1 No L, D-1, MS65+ PCGS. CAC. The 1849 No L gold dollar was the first of its denomination produced by the Mint. Robert M. Patterson, the Mint Director, wrote to Treasury Secretary William M. Meredith on May 8, enclosing 10 examples of the new coin, with a request that the Secretary show them to President Zachary Taylor. Patterson added that there had been complaints regarding delays in the production of the dies, and he defended Engraver James Longacre in this regard, noting that the small size of the dies was an issue, and that Longacre was "constantly and assiduously" engaged with the engraving work. Meredith acknowledged delivery of the coins on May 10, without mentioning any discussion with the president. The Mint correspondence of the period indicates an urgency to quickly convert the massive quantities of newly discovered California gold into usable coinage. James Ross Snowden, then the Mint Treasurer, wrote to Henry Hubbard of Boston on May 12, advising him of the gold dollars already delivered to him and noting that the double eagle dies "will not be ready for some weeks." This was an understatement, as the twenty dollar gold piece dies were not available until December. A story, possibly planted by the Mint Director himself, which appeared in the May 6 Daily Union (Washington, DC), noted that the dies would soon be finished, and addressed a rumor that the Mint Director was opposed to the Coinage Act of 1849 and thus delaying production of the new gold pieces. "It is scarcely necessary to say that a man like Dr. Patterson would not condescend to defend himself against so false and outrageous insinuation," the paper wrote, adding "Nor can friends stoop to refute it," even though the mere publication of the story clearly stood as such a refutation. In any case, the Mint Director was no doubt relieved upon the May 8 delivery of the No L pieces and wanted to make sure the president himself was aware of the progress of the Mint. Gold ...
Collectors CornerSM coin information:  (data courtesy of PCGS.com *)
PCGS Coin #: 521670
PCGS Coin Description: 1849 G$1 No L, D-1 Normal Stars
Mintage: 1,000
Grade: MS65+
PCGS Price Guide: * $5,750.00 View
Auction Prices Realized: * Auction Prices Realized
Additional resources: PCGS CoinFacts
PCGS Set Registry:
(Top 3 of 7 composite sets for this coin)
 
  Learn more about Set Registry
One Dollar Gold Mintmark Set, Circulation Strikes (1849-1889)
One Dollar Gold Date Set, Circulation Strikes (1849-1889)
One Dollar Gold Basic Set, Circulation Strikes (1849-1889)
* This information is being provided by PCGS and you are encouraged to review the Important Information for each of these items: PCGS Population [View]; PCGS Price Guide [View]; Auction Prices Realized [View].  The PCGS population report, historic compilation of coin prices and auction prices are proprietary to Collectors Universe and remains the property of Collectors Universe.  It is available for personal use to Collectors Corner subscribers only.  Reproduction in any format is strictly prohibited, as is sharing of this import (or any data contained herein).  Also, errors and omissions can occur and accordingly, viewer should recognize these facts and that this information should not be the only source consulted when making a decision about buying or selling coins.

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