1851 G$1

Description

1851 Gold Dollar, Type 1, Philadelphia Mint, PCGS MS64. The Gold Dollar was introduced in 1849 to facilitate commerce following the California Gold Rush, providing everyday Americans with a portable alternative to the standard silver dollar. This 1851 Philadelphia Mint example represents the second-highest mintage of the Type 1 series, with 3,317,671 coins struck that year. Designed by Chief Engraver James Barton Longacre, the Type 1 Gold Dollar (1849-1854) features Liberty on the obverse and a wreath with denomination on the reverse, measuring 13mm in diameter and weighing 1.672 grams. This coin is certified by PCGS as MS64 (Certificate #3545772), representing a choice Mint State example with attractive eye appeal. The 1851 Gold Dollar falls into the common category of Type 1 issues, making it an accessible entry point for collectors pursuing the series. However, this particular specimen in MS64 grade demonstrates above-average preservation for the date. According to PCGS population data, MS62 and MS63 are the most frequently encountered grades, making higher grades increasingly scarce and desirable. The composition consists of 90% gold and 10% copper, with a reeded edge. Among the 400 total PCGS-graded examples of this date, only 198 have achieved higher grades than MS64, positioning this coin as a solid intermediate-grade representative. With a current market value around $1,050, this Gem example offers both numismatic significance and the enduring appeal of early United States gold coinage.