1836 PS$1 J-60ORG
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $0) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- You may take up to four (4) months to pay the balance (monthly payments of at least 1/4th of invoice total).
- Minimum down payment is 25% within two weeks of the sale date. All down payments made beyond this 2 week window will require a 35% down payment, and the term will be shortened to 3 months.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- Heritage will maintain possession of all the lots until paid in full. Therefore, you must notify us of your intent to use our Extended Payment Plan on or before the day of the auction. All pre-shipped material must be returned to Heritage in order for the plan to be in effect.
- When you get your electronic invoice, select "other" from the payment options.
- Send an e-mail to EPPGroup@HA.com indicating the invoice number and your intention to use the Extended Payment Plan.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- You may take up to 6 months to pay the balance (monthly payments of at least 1/6th of invoice total).
- Minimum down payment is 20%.
- Payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
- Payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, bank draft, bank wire or PayPal.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Note: The extra increment won't be placed until the item is up for live bidding, so it is possible that you could be outbid by a bid placed prior to live bidding, such as another proxy bid, live proxy bid, mail bid, etc., which could result in your losing the lot by that one increment. For the same reason, it is also possible that a currently losing bid with bid protection placed could potentially win the lot once the lot is subject to live bidding and the Bid Protection increment(s) is placed.
During the last days of December 1836, the United States' avenues of commerce received the first substantial quantity of the coin that Americans undoubtedly viewed as their savior. The piece was, of course, the Gobrecht dollar. The revolutionary artistic qualities of the coin's design once again gave Americans something to flaunt to their more established brethren in Western Europe. The reverse design seemed especially suited to the prevailing sentiment in the country. The eagle had been placed in onward and upward flight at the request of Mint Director Robert Maskell Patterson. While the creature itself represented the United States, Patterson intended its manner of flight to signify the hope with which Americans should view their future prosperity. Finally, the disappearance of gold coins from circulation in the aftermath of substantial bank note issues meant that commercial interests eagerly received the Gobrecht dollars simply for what they were--a circulating medium of exchange.
While the first Gobrecht pattern dollars that the Mint produced displayed the engraver's name prominently below the base of Liberty's rock, public outcry forced Gobrecht to move his name to the more inconspicuous location along the bottom border of the base. Gobrecht had completed this modification by November 1836, but mechanical difficulties with the Philadelphia Mint's new steam press led to further delays. Sometime around mid-December, coinage finally began and four hundred Gobrecht dollars with C. GOBRECHT F. on the base flowed from the steam press. The Mint kept these pieces on hand for individual distribution, but the six hundred specimens that followed toward the end of December were intended for widespread circulation. It must have seemed ironic to attentive Americans at the time that, while the Gobrecht dollar carried all of their hopes for better days ahead, the Philadelphia Mint chose the besieged Bank of the United States as the avenue for the dollar's distribution. The bank, nonetheless, did its job dutifully and the Gobrecht dollars that passed through its hands saw heavy circulation for many years. Despite their symbolism and the issuance of a further six hundred specimens for circulation in early 1837, the dollars were too few in number to prevent the Panic of 1837 from stripping all coinage from the avenues of commerce.
The first thousand Gobrecht dollars that the Mint produced in December 1836 were, like all circulation issues in this short-lived series, double struck and endowed with a proof finish. As a series, they are unique as the only proofs that the federal government intended for commercial distribution. While their counterparts of early 1837 were produced with the same dies, the initial specimens of late 1836 displayed Die Alignment I--the eagle flying onward and upward when one rotates the coin about its horizontal axis. In addition, the Mint struck the 1836 circulation issues on planchets that conformed to the pre-1837 weight standard of 416 grains. Although these late-1836 issues circulated heavily enough to reduce 85% of the extant survivors to impaired proof levels of preservation, curious Americans saved enough specimens to make these coins the most available of all Gobrecht dollars in today's numismatic marketplace.
With C. GOBRECHT F. along its rocky base and Die Alignment I, the present piece is a beautiful, original survivor of the December 1836 Gobrecht dollars. The obverse of this example carries a rich blanket of charcoal-gray patination with ample evidence of lavender and gold highlights throughout. The reverse, while equally well endowed with toning, displays lighter lavender-gray patina in its central area that deepens to olive-charcoal about the peripheries. Expertly struck and crisply delineated, the wispy, grade-defining abrasions that lie hidden below the patina hardly inhibit this specimen's overall eye appeal and originality. For pedigree purposes alone, we mention a small abrasion in the obverse field below the pilleus cap as well as two others to the right of Liberty's right (facing) forearm. One will certainly require suitable magnification to discern these inconspicuous features. Its status as the first circulation Gobrecht dollar imparts great importance to this lovely piece among advanced silver dollar specialists. While it failed to end the Hard Times era, the Gobrecht dollar, nonetheless, gave hope to a nation in distress. The strong bids that this specimen will garner at auction should prove that the legacy of the Gobrecht dollar's artistic perfection lives on as an inspiration to collectors across America.
From the Gilchrist Collection of Dollars. (PCGS# 6915)
Service and Handling Description: (view shipping information)
The most thorough review to date of the existing scholarship on these much sought-after U.S. coins.
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