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Lot
1529

1839 P$1 Name Omitted, Judd-105 Restrike, Pollock-117, Low R.7, PR65 NGC....

2009 January Orlando, FL FUN Auction #1121

 
Sold for: $86,250.00 (includes BP )
Bid Source: Live: Floor bidder
Auction Ended On: Jan 7, 2009
Item Activity: 12 Internet/mail/phone bidders
832 page views
Description:
Rare Plain Edge Judd-105 1839 Gobrecht Dollar, PR65
1839 P$1 Name Omitted, Judd-105 Restrike, Pollock-117, Low R.7, PR65 NGC.
Design.
Die Alignment III (center of Liberty's head opposite the N in ONE). Christian Gobrecht's Seated Liberty design, stars around the periphery, C. GOBRECHT F. almost completely removed from the base. On the reverse, after a coin turn the eagle flies level in a starless field. Struck in silver with a plain edge.

Commentary.
One of the most interesting and significant discoveries in the Gobrecht dollar series in the past few years was when John Dannreuther discovered in August 2007 that C. GOBRECHT F. had been removed from the base of the rock on which Liberty is seated. In more than 170 years of collecting these popular coins, no one else had apparently noticed. It is even more curious when one reads the statement by George Escol Sellers who stated that Gobrecht "had taken the inexcusable liberty of placing his name on the die, which became conspicuous on the coin, and the coinage had to be stopped until it could be obliterated." (Emphasis ours). The discovery of this obliteration also gives a guide to the striking sequence for the various dates of Gobrecht dollars. Most of Gobrecht's imprint was removed from the 1839 coins, but faint traces of the letter bottoms can still be seen. On the 1838 coins an even more vigorous effacement was done, and virtually nothing remains. The conclusion is that the 1839 dollars were actually struck prior to those dated 1838.

Original 1839 Gobrecht (Judd-104) dollars are believed to have been struck in December 1839. The rare restrikes, such as this coin, were undoubtedly struck decades later. While there is no documentation to support this, the texture of the coin certainly does. Unlike the Gobrecht dollars struck in the 1830s, this piece has mirrorlike fields that one would expect from a regular-issue coin struck in proof format from the 1850s through the 1870s. This piece is similar to the Queller 1838 Gobrecht dollar. That is to say, it is not the standard issue one would expect for the year. The vast majority of 1838 Gobrechts are Judd-84. Likewise, the standard 1839 encountered is a Judd-104. In both cases, he opted for the much-rarer plain-edge version. Approximately six to 10 examples are known of the Judd-105, compared to the 60 to 75 Judd-104 coins that are believed extant today. As with other Judd-105 dollars, this piece shows the same reverse diagnostics: a die crack through the tops of MERIC, NITE, into the field from the bottoms of AR, and a pronounced die spur on the right side of the D in UNITED.

Physical Description.
As mentioned above, the fields are extraordinarily deep in their mirrored reflectivity. Each side retains much brilliance, with a slight overlay of color. The obverse shows just the slightest hint of pinkish-gold, while the reverse is notably deeper in hue and more varied, with occasional dabs of light blue. A few tiny planchet flakes can be seen in the obverse fields, but strong magnification is required. Otherwise, there are no mentionable interruptions in the surfaces on either side of this magnificent and rare Gobrecht dollar. In the Somerset catalog, this coin was listed as 411.9 grains, with a diameter of 1.504 inches. NGC Census: 2 in PR65, 1 finer. PCGS Population: One in PR65, none finer (12/08)

Provenance.
Ex: Somerset Collection (Bowers and Merena, 5/1992), lot 1756.
From The Lemus Collection, Queller Family Collection Part Two.
(#11448)

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Guides and Pricing Information:

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1143, Lot 3290 Sunday, August 15, 2010 65 NGC $149,500.00
Auction 1124, Lot 2572 Sunday, May 3, 2009 65 PCGS $161,000.00
Auction 388, Lot 2206 Saturday, November 5, 2005 65 PCGS $230,000.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Price Guide*
Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
64 --- --- --- --- --- $100,000 $115,000
65 --- --- --- --- --- $160,000 ---
66 --- --- --- --- --- --- ---
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.
Population Guide
Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 0  
NGC 65 4 1 5 -
CAC - - - 0 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.
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Patterns, 1839 P$1 Name Omitted, Judd-105 Restrike, Pollock-117, Low R.7,
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Patterns, 1839 P$1 Name Omitted, Judd-105 Restrike, Pollock-117, Low R.7,
PR65 NGC....


Patterns, 1839 P$1 Name Omitted, Judd-105 Restrike, Pollock-117, Low R.7,
PR65 NGC....


Patterns, 1839 P$1 Name Omitted, Judd-105 Restrike, Pollock-117, Low R.7,
PR65 NGC....

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