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Rarely Seen 1836 Gobrecht Dollar Restrike of Judd-60

1836 PS$1 Name on Base, Judd-60 Restrike, Pollock-65, R.5, PR50 PCGS. Die Alignment IV. Second Original (or Restrike of 1837). Plain edge. (600 coins minted in March 1837). The head of Liberty is opposite the F in OF, with the eagle flying level after a medal turn--Walter Breen's definition of Die Alignment IV. This coin is technically a restrike because it was minted in a year different than its date; however, it is part of the official mintage of 1837, and as such, is commonly referred to as the "second original" issue. All of the coins minted in 1837 were deposited into the U.S. banking system; and therefore, most of the Die Alignment IV coins are found in circulated condition.
As pointed out by Michael L. Carboneau and James C. Gray in an article published in the Gobrecht Journal (Volume 27, Issue #79) last November, the Gobrecht Dollars of 1837 started out in Die Alignment II (medal turn with the eagle flying upward). However, because of an accidental rotation of one of the two dies (most likely the reverse or hammer die) during the minting process, an entire series of Gobrecht dollars were made with different reverse die orientations, Die Alignment IV being the terminal configuration. This coin represents an example from the final striking of Gobrecht Dollars made in 1837. The surfaces are untoned and slightly dull from circulation, yet problem-free with only the small abrasions one would expect from a limited time in circulation. An almost invisible scratch is located between Liberty's head and the adjacent rim at 11 o'clock. Another, even lighter, curved scratch is in the right obverse field out from Liberty's shin. If one needed an 1837 dollar for a collection, this coin would be a nice example--even though it may be dated "1836."
From the Eric A. Kreuter Collection. (NGC ID# 26YX, PCGS# 11227)

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Auction Dates
August, 2001
Internet/Mail/Phone Bidders: 6
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