Lot 4509
1849-D $1 Gold Liberty. NGC graded MS-63. A nice deep impression with needle sharp detail. The stars impress us; the hair waves, too, show complete separation. And where on occasion LIBERTY at the headband can be indistinct on a Dahlonega, George-struck gold dollar, this coin's LIBERTY shows completely and boldly. An intensely brilliant specimen.
The town of Dahlonega is the seat of Lumpkin County. It lies in north-central Georgia, not far from the modern metropolis of Atlanta. Just as the California miners would discover twenty years later, gold nuggets and dust do not make for a practical medium of exchange, and their use in transactions often led to heated arguments over value. The solution to this problem was to have the gold coined at a mint in the region. Dahlonega served the South for a quarter of a century, from 1838 until 1861 when it closed for business at the outbreak of the war between the North and South. Pop 17; 8 finer, 7 in 64, 1 in 65 (PCGS # 7507) .
Estimated Value $8,500 - 9,000.
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| Realized $9,488 |
