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Lot 3862 |
1838 P$1 Name Omitted, Judd-85 Restrike, Pollock-94, High R.7. PR65 NGC....
2013 February 7 -8 & 10 US Coin Signature Auction - Long Beach #1182
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Bid Information
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It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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Reserve (If Any) Not Posted Yet:
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Consignor Has Not Yet Submitted a Reserve:
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Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Opening Bid:
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What's This?
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What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% (minimum $40 per lot) of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
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Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
[+] Extended Payment Plan Details
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Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items
(excludes Virtual Bourse, Comic Market and Virtual Sports Show)[+] Extended Payment Plan Details for Heritage Owned Inventory Items
- Minimum invoice total is $2,000.
- You may take up to 6 months to pay the balance (monthly payments of at least 1/6th of invoice total).
- Interest is calculated at only 1% per month (12% annually) on the unpaid balance, and must be kept current.
- Minimum down payment is 20%.
- Payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
- Payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, bank draft, bank wire or PayPal.
- There is no penalty for paying off early.
- Non-dealers only
All traditional sales policies still apply. Due to the nature of the business and market volatility, there is no return privilege once you have confirmed your sale, and penalties can be incurred on cancelled orders.
SMS Alerts
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Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
| Sold for: | Sign-in or Join (free & quick) |
| Auction Ended On: | Feb 7, 2013 |
| Item Activity: |
10 Internet/mail/phone bidders
 1,985 page views |
| Location: |
Long Beach Convention Center 100 S. Pine Avenue Long Beach, CA 90802 |
Fewer Than a Dozen Pieces Believed Known
As noted in the Gobrecht Dollars reference, all Judd-85s show the same reverse characteristics. All show minute die cracks that connect MERI, TE, and LAR (continuing into the field to the right). The spur on the right side of the D in UNITED is also diagnostic. The always-seen depression below the F in OF is very faintly seen on this piece, most likely obscured by the toning. The Judd-84 dollars are believed to have actually been struck in 1838, and are considered by many to be the only legitimate patterns in the Gobrecht series. The Judd-85 dollars are restrikes and were undoubtedly struck by Mint personnel for sale to collectors. The fields on this piece have confirmed reflectivity that is consistent with later 19th century proofs. It is believed these pieces were actually struck during Henry Linderman's second term as Mint director, sometime between 1873 and 1878.
These pieces are extremely rare. Our reference for this series states that probably only a dozen pieces exist, but there may be even fewer. We only know of four other coins. One was offered by Stack's in their 2003 sale of the L.K. Rudolf Collection and graded Very Choice Brilliant Proof; another piece was plated in the Gobrecht Dollars book on page 101, a coin owned at the time by Kenneth Goldman; the ANS/Korein PR62 coin; and the fourth is a PR66 piece sold by us as part of the Lemus/Queller Collection, a piece that brought $149,500 in January 2009.
The depth of mirroring in the fields would undoubtedly be even more pronounced were it not for the layers of color present. Each side displays variegated shadings of rose, blue, golden, and brown, lighter in the center of the obverse and deeper around the margin. The color is evenly distributed across the reverse. The strike is generally full. This includes complete definition on the foot of Liberty, the eagle's breast feathers, and the right-side stars on the obverse. The only weakness is noted on stars 4 through 8 on the left side of the obverse. This same area of weakness is seen on the Rudolf coin, but is not present on the ex: Goldman piece, and is only slightly evident on the Lemus coin. The only pedigree markers we see are three short parallel marks in the field above the eagle's wing. This rarity should be of great interest to the Gobrecht specialist. (PCGS# 11354)
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