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Lot
2091

1836 P$1 Name on Base, Judd-60 Original, Pollock-65, R.1, PR62 NGC....

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

 
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Auction Ended On: Apr 17, 2008
Item Activity: 11 Internet/mail/phone bidders
1,495 page views
Location: Rosemont, IL
Description:
Richly Toned PR62 1836 Gobrecht Dollar
Die Alignment I, a Late December Striking
1836 P$1 Name on Base, Judd-60 Original, Pollock-65, R.1, PR62 NGC. Silver. Plain Edge. Die Alignment I (Liberty's head opposite DO). Struck in late December 1836, these pieces are recognizable by the diagonal die scratch above the eagle's wing that points toward the AT of STATES. On this coin it is especially prominent, undoubtedly a combination of an early striking after the die was scratched and the high grade of this piece.
The proof surfaces of this piece are pronounced on this coin. It makes one wonder about the reason these dollars were struck in proof format. The proofing process was uncommon for U.S. coins in 1836. It does, however, make for an impressive coin when such pieces are encountered. The only conclusion we can come to is that Mint Director Patterson must have wanted to gain acceptance of the new dollars with the general public, and striking them as proofs would further enhance their overall appearance and desirability. For collectors, however, the proof status of these coins has caused confusion over the past 150 years. Very few coins intended for circulation have ever been struck in proof format. On the other hand, almost all patterns were struck as proofs. Gobrecht dollars, like patterns, also had small mintages. As a result, for many years Gobrecht dollars have been considered patterns, when in fact only the 1838 coins are actual patterns.
The late-December strikings are usually found circulated since they were deposited in a local bank. This piece is certainly the exception. As mentioned, the fields are deeply reflective, and they enhance the rich, variegated blue, rose, and golden colors that are seen on each side. Fully struck in all areas. The Queller piece is identifiable by a tiny check-mark die flaw on the face of Liberty. Seldom seen finer and worthy of consideration by the advanced collector of 19th century silver dollars.
From The Queller Family Collection of Silver Dollars. (PCGS# 11225)

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Gobrecht Dollars
Gobrecht Dollars Illustrated by the Collection of Julius Korein

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