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Lot: 1206
Auction: 1110   		1839 P$1 Name Omitted, Judd-104 Restrike, Pollock-116, R.3, PR62 PCGS....
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Ended: Jun 25, 2008
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Description
Rare and Impressive 1839 Restrike Gobrecht Dollar, PR62


1839 P$1 Name Omitted, Judd-104 Restrike, Pollock-116, R.3, PR62 PCGS. Silver. Die Alignment IV (medal turn, center of Liberty's head opposite right side of F in OF). Over the past year two significant discoveries have been made in the study of 1838 and 1839 Gobrecht dollars. The first was that Gobrecht's name was not merely omitted, it was vigorously effaced from the working hub, which was used to create the master die with stars. The second is that the striking sequence may have to be revised. Tiny, almost microscopic die cracks are present on this piece and some 1838 Gobrecht dollars. The conclusion, brought to our attention by numismatic researcher extraordinaire John Dannreuther, is that the presence of these tiny cracks probably date both 1839 and 1838 dollars to the same time period. For those with a strong loupe, these microscopic die cracks are located at the tops of the letters MERI in AMERICA.
The restrike status of this piece says much about when the coin was actually struck. Original pieces were struck from a perfect reverse die and were produced in 1839. They also lack the reflectivity in the fields that would qualify them as proofs by the standards used for Seated dollars from the 1840s. Nevertheless, the grading services still call such coins proofs. As a restrike, it is unknown exactly when this coin was struck. It has traditionally been thought that it was between 1857 and 1859. But it could have been much earlier, in the early 1840s or even in 1839--we do not know exactly when the die cracked. As one would suspect, restrikes are well preserved; in fact, our records indicate the average grade for such pieces is 60.2.
Overall, the coin appears much finer than the stated grade, undoubtedly to a great extent because of this strong mirroring in the fields. Much of the original silver is still evident on each side with irregular dabs and streaks of golden-brown and blue toning scattered over each side. The devices are fully struck throughout, and the only surface disturbance of note (other than light hairlines) are a few small contact marks below the eagle on the reverse. (#11446)

Auction Name: 2008 June West Palm Beach, FL (Summer FUN) Signature Coin Auction #1110
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-2455)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 9 Internet/mail bidders, 1,109 page views



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