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Struck sometime in late 1832 or early 1833 and on through the middle of 1834, the Kagin-1 is popularly collected because of its status as the first gold dollar struck in the United States. The dies are different from earlier Bechtler issues, with a neat, serrated border, allowing more room for the legends. Like the early beaded border issues, the K-1 dollar is struck to the pre-August 1834, U.S. standard: 30-grains of 20-carat gold to the dollar. The relatively high survival rate of the Kagin-1 gold dollar suggests that Bechtler’s new, convenient denomination met with wide acceptance. It is the only Bechtler conforming to the pre-1834 U.S. standard that is generally available, with approximately 150 pieces extant. Grades vary from VF-BU, with three or four choice mint state examples vying for finest known status. A single plain edge example (Kagin-1a) is known from a late state of the dies.
Obverse Description
30.G * RUTHERF: C.BECHTLER.
Reverse Description
ONE N:CAROLINA GOLD DOLLAR.
Catalog Information
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Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS63 |
|
$52,000 | $1,234 |
| MS63 | - | $43,000 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
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