1836 PS$1 Name on Base, Judd-60 Original, Coin Alignment, Pollock-65, R.1, PR64 PCGS....
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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 $6) 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:
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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).
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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.
There were two deliveries of 1836 dollars (made in 1836), although all coins were officially reported on the same day (December 31, 1836). Warrant #1471 reports that 400 dollars were minted; however, it appears that most of these coins were retained in the Mint for special distributions, including a few presentation pieces. This includes coins given to both Christian Gobrecht and President Andrew Jackson. After the first set of 400 coins were made, a second warrant (#1480) shows that another 600 dollars were produced. Unlike the first set of coins, the second 600 pieces were sent to the Bank of the United States for public distribution (and destined for circulation). A total of 1000 silver dollars were produced in December 1836, and all of these coins were struck as proofs on a 416 grain planchet (the official weight standard from 1792), and were in Die Alignment I. Most of these coins were deposited into the U.S. banking system, either through the Bank of the United States or through transactions conducted at the Mint. Consequently, the "original" 1836 dollars (Judd-60 coins in Die Alignment I) are regular issue U.S. coins and therefore are not patterns. The main reason for calling these coins patterns seems to go back to Woodin's pattern book (1913) or even earlier, based on isolated comments made by certain Mint personnel. Nevertheless, information from the time these coins were initially struck clearly indicates it was Mint's intention to strike these pieces as a regular issue (although struck as proofs). The information from Woodin's book was simply carried over to Judd's book on patterns without further investigation. This misinterpretation has continued into the present with Pollock; however, inclusion of the Gobrecht Dollars in his book appears to be based mainly on tradition.
Due to the lack of a raised die line in the reverse field above the eagle's right wing, and because of the high state of preservation for this coin (it is hard to believe that this coin could have been pulled from the U.S. banking system), it appears that this piece is from the first striking of Gobrecht Dollars made in December 1836, and probably represents one of the few special pieces that were purposely held back by the Mint for dignitaries and other high government officials in order to honor the striking of a new dollar coin. Due to the high grade and excellent condition of this coin, it should be possible to trace its pedigree via careful comparison with similar coins appearing in past auctions.
Compared with other silver dollar issues, Gobrecht Dollars represent a very scarce three-year series, and in high grades (64 or higher), these coins are extremely rare. There can't be many more high grade Gobrecht Dollars awaiting certification for the first time. The history surrounding this coin is one of the most distinctive and interesting of any coin ever made by the U.S. Mint. For either the type collector or silver dollar specialist, this coin will surely be the centerpiece of a most enviable collection. Population: 8 in 64, 0 finer (10/04).(#11225) (PCGS# 11225)
Service and Handling Description: Coin/Currency (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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