1849 Liberty Head Gold Dollar Value Guide

The 1849 Liberty Head Gold Dollar marks the historic debut of the smallest denomination in U.S. gold coinage, authorized by Congress following the California Gold Rush. Designed by James B. Longacre, this 'Type 1' coin is highly collectible as a first-year issue featuring a distinct 13mm diameter that was only produced until 1854.

What affects the value of 1849 Liberty Head Gold Dollar?

• The presence of an 'Open Wreath' versus a 'Closed Wreath' variety, which can significantly impact rarity.
• The specific mint mark (such as 'C' for Charlotte or 'D' for Dahlonega) which can drive prices far above the $450-$495 baseline.
• Overall strike quality and the amount of wear on Liberty's hair coronet and the reverse wreath details.
• Surface preservation, including the absence of scratches, cleaning, or mounting marks from use in jewelry.

How to Identify 1849 Liberty Head Gold Dollar?

• Verify the small 13mm diameter, which is significantly smaller than the Type 2 and Type 3 gold dollars.
• Check for the Liberty Head design on the obverse surrounded by 13 stars, a signature of James B. Longacre.
• Confirm the metallic composition is 90% gold and 10% copper, weighing approximately 1.672 grams.
• Look for the '1849' date on the reverse side within the wreath, signifying the inaugural year of production.

History of 1849 Liberty Head Gold Dollar

The 1849 gold dollar was the first year of issue for the smallest denomination of US gold coinage. It was authorized by Congress in response to the massive influx of gold from the California Gold Rush. This 'Type 1' design is characterized by its small 13mm diameter and was only minted until 1854 when it was replaced by a larger, thinner design.