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Rare Die Alignment IV 1838 Gobrecht Dollar, PR64

1838 P$1 Name Omitted, Judd-84 Restrike, Pollock-93, R.5, PR64 NGC. Silver. Die Alignment IV: Center of Liberty's head opposite the right side of the F in OF. The all-important reverse cracks that are present (or not) on 1838 Gobrecht dollars are microscopic on this piece. The only die crack that is evident with strong magnification connects the tops of MERI. Unlike later strikings of the 1838, no evidence of die cracks are seen at the base of LAR or TE. This slight die cracking dates this piece to the late 1850s, apparently produced after the 300 1838-dated dollars were struck in 1839.
The minute die cracking on this piece dates its striking not through guesswork, but rather from direct evidence of other coins examined. A Die Alignment III coin (center of Liberty's head opposite N in ONE) is known that is overstruck on an 1859 Seated dollar. The significance of this is twofold. One, it has heavy die cracks. Two, it is a Die Alignment III coin. Since the reverse die cracks are heavier on Die Alignment III dollars than DA IV pieces, the conclusion must be that the DA III coins were struck after the DA IV coins. The date of the overstruck coin (1859) proves that the Die Alignment III pieces were struck in 1859 or later. Therefore, the Die Alignment IV coins were produced sometime prior to 1859.
Like all the Queller Gobrecht dollars, this is a magnificent coin. The fields are sparkling and deeply reflective, qualities that are abundantly evident even through the bright rose, lime-green, and pale gray patina that covers each side. Sharply, but not fully struck, the only areas of softness are on several of the peripheral stars on the obverse and Liberty's foot. There are no obvious or distracting contact marks on this splendid coin--a rarity of the highest order and importance for the dollar collector. Census: 10 in 64, 5 finer (3/08).
From The Queller Family Collection of Silver Dollars. (NGC ID# BLXE, PCGS# 11352)

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Auction Dates
April, 2008
Internet/Mail/Phone Bidders: 10
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Gobrecht Dollars Illustrated by the Collection of Julius Korein

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