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Lot
21523

1838 P$1 Name Omitted, Judd-84 Restrike, Pollock-93, R.5, PR63 NGC. Silver. Reeded Edge. Die Alignment III (head of Libert...

2006 January Dallas, TX The Jules Reiver Collection Signature Auction #390

 
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Auction Ended On: Jan 26, 2006
Item Activity: 15 Internet/mail/phone bidders
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Location: Dallas, TX
Description:
1838 Gobrecht Dollar, Judd-84, PR63 NGC
1838 PS$1 Name Omitted, Judd-84 Restrike, Pollock-93, R.5, PR63 NGC. Silver. Reeded Edge. Die Alignment III (head of Liberty opposite the E in ONE). Apparently, there are no official mint records that indicate how many 1838 dollars (either originals and restrikes) were produced. However, the total number of 1838s that were eventually struck is probably less than 250 specimens. This is a figure that is smaller than the reported 300 1839 dollars that are officially mentioned as struck in 1839, and the 1,600 Gobrecht dollars that were made in 1836 and 1837. In addition, it appears that Judd-84 dollars do not exist in Die Alignment I (a coin configuration that Walter Breen would have defined as an original). Instead, it appears that all 1838 dollars made in 1838 were struck in Die Alignment IV from uncracked reverse dies. In fact, the 1838 dollar that was placed in the U.S. Mint Collection (begun in 1838), and now held in the Smithsonian Institution, is in Die Alignment IV and has no reverse die cracks. In any case, most 1838 dollars seen today are restrikes made in Die Alignment III. The present coin has very faint die cracks through the tops of MERI (in AMERICA), ITE (in UNITED), and AR (in DOLLAR).
The surfaces are bright and deeply reflective. The centers are generally brilliant with a light accent of golden-brown patina around the margins. The striking details are fully brought up in all areas--even the foot of Liberty is completely defined. Very lightly hairlined with no obvious or detracting contact marks on either side. (PCGS# 11352)

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Gobrecht Dollars
Gobrecht Dollars Illustrated by the Collection of Julius Korein

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