5 February 2010 – Of all the gold coins ever minted in the history of the United States, the smallest one has proven to be very valuable. At an amazing 13 millimeters in diameter, the Type I Liberty Gold Dollar is the most diminutive, yet it still packs a mighty punch in the certified gold coin market.
With the California Gold Rush of 1849, large quantities of gold were released into circulation. Because of this surge, new coins were created and minted; the Liberty Gold Dollar was one of these coins. With a crowned Lady Liberty and 13 stars on the front and a wreath of olive branches on the rear, these beautiful coins were minted at four different mints; Philadelphia, New Orleans, Dahlonega and Charlotte.
Of the different patterns, the open wreath pattern from the Charlotte Mint has been the most profitable. These coins were produced in a limited number and some high grade coins still exist today. Of the original 12,000 issued, there are a few mint grade coins available, with MS63, 1849-C open wreath coins being valued at $575,000.
This beautiful coin represents the opportunities available in certified gold coins. While not as famous as the Gold Eagles or Indian Eagles, they can be highly valuable and offer a unique historical perspective of being minted at two Civil War-era Mints in Charlotte and Dahlonega. Investors can find a wide range of prices so that many can add these certified coins to their gold portfolio.
Kevin Johnson
Senior Staff Writer - GoldCoin.net