Bids on rare Open Wreath coin rest at $195.5k



2015-06-26 11:50:28

Bids on rare Open Wreath coin rest at $195.5k

The 1849-C has few peers in US coinage. Today, saleroom bidders will decide its value...

Online bidding has now closed on the near-mythic 1849-C Open Wreath gold dollar being sold at Heritage Auction Galleries.

After days ofinternetbids, its value currently rests at $195,500, including buyer's premium.

The coin will be featured in the third session of Heritage's Rare Coins auction, beginning at 6pm today (Friday, February 5), Californian time.

 The 1849-C's sale value has yet to reflect its rarity - will today's auction change that?

There are thought to be just four confirmed examples of the 1849-C Open Wreath gold dollar (although a fifth piece is rumoured).

Equivalent examples include the 1797 Heraldic Eagle half eagles with 16 stars on their obverse, each unique to the Smithsonian Institution, or the 1854-S half eagle of which just three are known.

Nevertheless, this exceptional and rarenumismatic piecehas yet to command the high values of these coins.

The highest sale price for an 1849-C Open Wreath currently stands at $690,000.

The saleroom bids later today will determine whether this coin exceeds $690,000 -or possibly rise even higher into the 'valuable coins big league'.

Image: Heritage

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