| At
the same time as events were transpiring in Dahlonega, Georgia,
the discovery of gold in the southeastern United States also
prompted miners in North Carolina to call for a facility that
would ease their disposal of gold. In fact, the situation in North
Carolina was even more acute as that state led the nation in gold
production until the California Gold Rush of 1848. At the same
time that Congress authorized the Dahlonega Mint, it also
authorized a Branch Mint in Charlotte, North Carolina. The
Charlotte Branch Mint commenced operations on March 28, 1838 when
it struck its first $5 Half Eagle gold piece.
Coins were minted
at the facility uninterrupted until North Carolina seceded from
the Union on May 21, 1861 and the Confederacy took control of the
Mint. The building was used as a hospital and headquarters by the
Confederacy during the war. The facility never re-opened as a Mint
but, after the Civil War, from 1867 to 1913, it operated as a U.S.
Assay Office. Today the structure houses an art museum.
Along with the
Dahlonega Mint, the Charlotte Mint was one of only two facilities
whose production was restricted to gold coinage. Today, all of the
Charlotte Mint's coinage is considered rare. Some of it is
extremely rare in fact and, because of the coinage's special
historical significance and investment potential, Charlotte Gold
is coveted by investors and collectors alike. An example is the
1849-C "Open Wreath" Gold Dollar. Not only is this coin the rarest
Charlotte Mint issue today, it is also one of the rarest of all
U.S. gold coins. This issue is so rare that it is one of the few
missing pieces of the otherwise "complete" Louis Eliasberg
collection of U.S. gold coins.
In analyzing the
Quarter Eagle and Half Eagle mintage figures below, you may notice
that no coins were produced in 1845. There is a clear explanation
for this. Perhaps the most significant date in the history of the
Charlotte Mint, other than the opening and closing dates, is July
27, 1844. On that day, virtually the entire structure burned to
the ground in a fire. The Mint did not recommence operations until
October 1846.
The Charlotte
Mint produced gold coinage in three denominations during its 23
years of operation. As previously mentioned, the Charlotte Mint
began minting Half Eagles in 1838. The Mint also began producing
Quarter Eagles that year. When the Gold Dollar denomination was
introduced in 1849, the Charlotte Mint began minting that coin as
well. Unlike the Dahlonega Mint, there is no record of the
Charlotte Mint ever producing $3 gold pieces.
Charlotte Mint Gold Issues
|
DENOMINATION |
YEARS OF ISSUE |
|
$1 Gold |
1849-53, 55, 57, 59 |
|
$2.50 Quarter Eagle |
1838-44, 46-52, 54-56, 58, 60 |
|
$5 Half Eagle |
1838-44, 46-61 |
Charlotte Gold Dollar
Nine distinct
issues of Gold Dollars were produced at Charlotte from 1849-1859.
The Type I Gold Dollar was produced from 1849 to 1853, with two
varieties leaving the presses in 1849: the "Closed Wreath" and the
famed "Open Wreath" variety. The Type II Gold Dollar was produced
only in 1855, while the Type III saw production in the years 1857
and 1859. The highest mintage year was 1851, when 41,267 Gold
Dollars were struck (not at all a large number). The lowest
mintage year was 1859, when just 5,235 Gold Dollars were struck.
Charlotte Quarter Eagles
Two distinct
designs of Quarter Eagles were produced at Charlotte. In 1838 and
1839, William Kneass' "Classic Head" design was produced. There
were three varieties over those two years, the 1838-C and the
1839-C-and the 1839/8-C as well. This is pronounced "Eighteen
thirty-nine over eight" and is literally referred to as such
because this 1839 issue used an old 1838-C obverse in production
which was overstruck with the current date. Like the Dahlonega
Mint Classic Head Quarter Eagles, the Charlotte Mint Classic Head
Quarter Eagles are distinctive in that the "C" mintmark appears on
the obverse of the coin, underneath the date. On all subsequent
Quarter Eagles, the mintmark appears on the reverse. Starting in
1840, the Classic Head design was replaced by Christian Gobrecht's
Liberty, or "Coronet" design. The largest annual mintage figure is
for 1843, when just 26,064 Quarter Eagles were struck. The
smallest production run occurred in 1855, when only 3,677 Quarter
Eagles were minted.
Charlotte Half Eagles
As with the
Quarter Eagle, the Charlotte Mint produced two designs of Half
Eagles during the course of its operations: the Classic Head and
Liberty motifs. The Classic Head motif was produced only in 1838
and was superseded by the Liberty motif in 1839. The 1838-C and
1839-C remain the only two issues on which the mintmark appears on
the obverse. On all subsequent dates, the mintmark appears on the
reverse. The high water mark for Half Eagle mintages was 1847, but
only 84,151 pieces were even minted in that year. The lowest
mintage figure is understandably for the last year of operations,
1861, when the Mint coined just 6,879 examples.
Special Opportunities: "One-Year Type
Coins"
Similar to the
Dahlonega Mint, the Charlotte Mint produced two issues that were
single-year mint runs. These two issues represent a special
opportunity for collectors and investors today:
1855 $1 Gold-Type
II-This issue was the only Type II Gold Dollar struck by the
Charlotte Mint.
1838 $5 Half
Eagle-1838 was the only year in which Classic Head Half Eagles
were struck at Charlotte.
Very Low Mintages
None of the 51
Charlotte Gold issues had a mintage run that could be considered
anything even approaching large. In fact, the highest mintage for
any Charlotte issue is the 1847 $5 Half Eagle with a mintage of
just 84,151. Most other mintages were much lower, as the table
below clearly illustrates. Please note that the mintage of 4 given
for the 1854-C Gold Dollar is somewhat misleading in that none of
these coins has ever surfaced.
Charlotte Branch
Mint Mintage Figures
|
YEAR |
$1 |
$2.50 |
$5
|
|
1838 |
. |
7,880 |
.17,179 |
|
1839 |
. |
18,140 |
17,205 |
|
1840 |
. |
12,822 |
18,992 |
|
1841 |
. |
10,281 |
21,467 |
|
1842 |
. |
6,729 |
27,432 |
|
1843 |
. |
26,064 |
44,277 |
|
1844 |
. |
11,622 |
23,631 |
|
1845 |
. |
. |
. |
|
1846 |
. |
4,808 |
12,995 |
|
1847 |
. |
23,226 |
84,151 |
|
1848 |
. |
16,788 |
64,472 |
|
1849 |
11,634 |
10,220 |
64,823 |
|
1850 |
6,966 |
9,148 |
63,591 |
|
1851 |
41,267 |
14,923 |
49,176 |
|
1852 |
9,434 |
9,772 |
72,574 |
|
1853 |
11,515 |
. |
65,571 |
|
1854 |
4 |
7,295 |
39,283 |
|
1855 |
9,803 |
3,677 |
39,788 |
|
1856 |
. |
7,913 |
28,457 |
|
1857 |
13,280 |
. |
31,360 |
|
1858 |
. |
9,056 |
38,856 |
|
1859 |
5,235 |
. |
31,847 |
|
1860 |
. |
7,469 |
14,813 |
|
1861 |
. |
. |
6,879 |
Charlotte Gold Set
Building Strategies
Charlotte Gold Denomination Set
This set contains
one example each of the three denominations produced at Charlotte:
the Gold Dollar, the $2.50 Quarter Eagle, and the $5 Half Eagle. A
more advanced version of this collection would include examples of
all three denominations with the same date; the possibilities
include 1849-1853 and 1855.
Charlotte Gold Type Set
There were seven
type coins struck at the Charlotte Mint. This set includes an
example of each and, though it requires extreme patience to build,
is one of numismatics' major historical treasures that tells the
entire story of the Charlotte Mint.
|
DENOMINATION |
DATES |
|
$1 Gold Dollar-Type I |
1849-1853 |
|
$1 Gold Dollar-Type II |
1855 |
|
$1 Gold Dollar-Type III |
1857-1859 |
|
$2.50 Classic Head Quarter Eagle |
1838, 1839 |
|
$2.50 Liberty Quarter Eagle |
1840-44, 46-52, 54-56, 58, 60 |
|
$5 Classic Head Half Eagle |
1838 |
|
$5 Liberty Half Eagle |
1839-44, 46-61 |
Complete Denomination Sets
Some investors
and collectors prefer to concentrate on one denomination and
Charlotte Gold offers some attractive, and challenging,
opportunities:
Charlotte Gold
Dollar Set: an 8-coin set made up of an example of each gold
dollar minted in Charlotte, with the exception of the 1854-C, no
examples of which have ever been seen.
Charlotte Quarter
Eagle Set: a 19-coin set made up of an example of each Quarter
Eagle minted in Charlotte.
Charlotte Half
Eagle Set: a 23-coin set made up of an example of each Half Eagle
minted in Charlotte.
The Complete Charlotte Gold Set
This 50-coin set
is made up of an example of each surviving coin minted at
Charlotte from 1838 to 1861. Believe it or not, for a collector or
investor with the means-and the patience-this set is still
achievable today. |