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Lot
2090

1836 P$1 Name Below Base, Judd-58 Restrike, Pollock-61, R.6(?), PR64 NGC....

2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104

 
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Auction Ended On: Apr 17, 2008
Item Activity: 9 Internet/mail/phone bidders Number of Bidders
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Description:
Rare 1836 Name Below Base Gobrecht Dollar
Judd-58, PR64
1836 P$1 Name Below Base, Judd-58 Restrike, Pollock-61, R.6(?), PR64 NGC. Silver. Die Alignment III: Center of Liberty's head opposite N in ONE. The Name Below Base Gobrecht dollar is one of the classics of 19th century U.S. numismatics. No solid evidence has been produced to date that proves these pieces were struck in the year dated (1836). If such pieces had been struck they would be in Die Alignment I (center of Liberty's head opposite the DO of DOLLAR). Also, if the dies were indeed produced in 1836 and stored in the Mint for 20+ years, the coins do not show evidence of the die rust expected from dies in storage for that long. The best evidence indicates these pieces were struck in the 1860s. The Die Alignment IV pieces show less prominent die cracks, and the thought is they were struck in the late 1850s, before the DA III coins. This particular coin displays the expected die cracks on the reverse that connect ITED STATES O and OLLA.
The production of 18 pieces for the Name Below Base is an apocryphal mintage that is traceable to Edward Cogan in 1867. While no exact mintage is known for this issue, judging from the number of survivors known somewhere around 100 pieces were probably made. As with all Gobrecht dollars, they were struck in proof format and most likely struck twice to bring up high point definition.
This is a stunning Judd-58. The fields are brightly mirrored and devoid of any noticeable contact marks. As mentioned above, the striking definition is strong. The foot of Liberty is the usual place to look for fullness of strike on a Gobrecht dollar, and here it has medal-like clarity of detail. However, the hair detail on Liberty is curiously soft, a trait not often seen on this design type. The centers are generally brilliant with light golden toning encircling the margins. A rare opportunity for the Gobrecht collector.
From The Queller Family Collection of Silver Dollars. (PCGS# 11217)

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Gobrecht Dollars
Gobrecht Dollars Illustrated by the Collection of Julius Korein

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