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Lot
2568

1836 P$1 Name on Base, Judd-60 Original, Pollock-65, R.1, PR63 PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 10 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Richly Toned 1836 Gobrecht Dollar, PR63
Die Alignment I, First Striking Period
1836 P$1 Name on Base, Judd-60 Original, Pollock-65, R.1, PR63 PCGS. Silver. Plain Edge. Die Alignment I (the center of Liberty's head is opposite the DO in DOLLAR). First issue of 1836, struck prior to the die clashing that produced the diagonal line above the eagle's wing. The 1836 Gobrecht dollars are the most frequently encountered issue by far, and they are also one of the most intriguing for the specialist. The lack of the die clash mark on the reverse indicates this was an early striking, produced prior to the late December 1836 and March 1837 coins, when things got really interesting and controversial. Only 400 coins were struck in this production run, and even though these pieces were intended for circulation a larger percentage of these so-called First Originals were set aside as mementoes at the time of issue. Consequently more survive today in higher grades than the so-called Second Originals (coins with the die clash above the eagle's wing).
One remarkable feature on this coin is the completeness of strike. Gobrecht expert Mike Carboneau has always maintained that fullness of strike on these dollars can best be determined by examination of Liberty's foot. On this coin, the detail is absolutely complete: full toes, complete sandal straps, even a toe nail on the great toe! The fields are bright and enhance the rich, mottled emerald and rose toning seen on each side. Only two marks are noted, both in the upper reverse fields, but neither is apparent without magnification and through the toning. An important offering of a high-grade, early-strike Gobrecht dollar.
From The Joseph C. Thomas Collection. (PCGS# 11225)

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Gobrecht Dollars
Gobrecht Dollars Illustrated by the Collection of Julius Korein

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