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1836 P$1 Name on Base, Judd-60 Restrike, Pollock-65, R.5, PR61 NGC....

2010 March Fort Worth, TX Signature ANA US Coin Auction #1138

 
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Auction Ended On: Mar 25, 2010
Item Activity: 8 Internet/mail/phone bidders
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Location: Fort Worth Convention Center
1201 Houston Street
Fort Worth, TX 76102
Description:
1836 Gobrecht Dollar, PR61
Die Alignment II
A Controversial and Interesting Gobrecht Issue
1836 P$1 Name on Base, Judd-60 Restrike, Pollock-65, R.5, PR61 NGC. Silver. Reeded Edge. Die Alignment II (center of Liberty's head opposite ES in STATES). This issue has probably generated more debate among Gobrecht specialists than any other (with the possible exception of the Name Below Base). These pieces are termed "restrikes" but the actual Gobrecht restrikes were produced decades later. These pieces differ from Die Alignment I coins in their medallic alignment. They were produced as actual circulating coinage, and in proof format. But that is where specialists begin to diverge in their opinions. Medallic alignment 1836 coins are known in numerous reverse alignments from DA II to DA IV, and some are even below the horizontal plane in what is sometimes known as DA IV+. It was thought for years that the die came loose and rotated, causing the various striking alignments. Recently it has been asserted, but not proved, that the reverse die was removed and replaced several times, each time in a different position and each position representing a different production run. It is easy to imagine the difficulty in proving this theory, yet research continues. It is generally accepted (although not by all specialists) that 600 coins were struck in March, 1837. These coins are all distinguished by a faint die clash mark (once thought to be a die scratch) above the eagle's wing.
The surfaces of this piece display swirling, deep iridescent toning with flashy underlying mirrors from the proof finish. The striking details are complete on each side. The only marks of any note are in the lower reverse field, and there is an interesting strike-through, possibly a piece of wire, through ST. (PCGS# 11227)

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Gobrecht Dollars
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