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Lot
7965

1836 PS$1 Name on Base, Judd-60 Restrike, Pollock-65, R.5, ...

2004 May (CSNS) Signature Sale #346

 
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Auction Ended On: May 7, 2004
Item Activity: 10 Internet/mail/phone bidders Number of Bidders
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Description:
Important 1836 Die Alignment IV Gobrecht Dollar PR63
1836 PS$1 Name on Base, Judd-60 Restrike, Pollock-65, R.5, PR63 PCGS. Die Alignment IV. Plain Edge. Silver. Rarity-1 (600 coins minted in March 1837). The head of Liberty is nearly opposite the F in OF, with the eagle flying approximately level after a medallic turn (rotation around the coin's vertical axis)--Walter Breen's definition of Die Alignment IV. This coin is technically a restrike because it was made in a year (1837) that differs from its date (1836); however, it is part of the official mintage of March 1837; and is commonly referred to as the "second original" issue. The term "first original" is reserved for those Gobrecht Dollars made in December 1836, and are found with Die Alignment I. All of the Gobrecht Dollars made in 1837 were deposited with the Bank of the United States for public distribution; and consequently, most of the Die Alignment IV coins are found in circulated condition. Very few Die Alignment IV coins are know to exist in high grades.
The specimen offered here displays a modest degree of reflectivity under steel-gray and charcoal toning that is a few shades lighter on the reverse. The strike is needle sharp and only under close scrutiny can a few wispy signs of contact be detected. The always impressive Gobrecht Dollar is of considerable importance to collectors of pattern, type coins, and silver dollars, and the high quality of this piece only adds to its desirability. Population: 20 in 63, 6 finer (3/04).(#11227) (PCGS# 11227)

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Gobrecht Dollars
Gobrecht Dollars Illustrated by the Collection of Julius Korein

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