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Lot
2569

1838 P$1 Name Omitted, Judd-84 Restrike, Pollock-93, R.5, PR64 PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 4 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Flashy, Richly Toned PR64
1838 Gobrecht Dollar
Judd-84 Restrike, Die Alignment III
1838 P$1 Name Omitted, Judd-84 Restrike, Pollock-93, R.5, PR64 PCGS. Silver. Reeded Edge. Die Alignment III (center of Liberty's head opposite the N in ONE). Gobrecht dollars from 1838 are known in both Die Alignment III and IV. Die Alignment IV coins are generally considered originals and lack the minute die cracks seen on later strikings. This is a later striking that shows the expected die cracks through MERI, TE, and the base of LAR. Carboneau and Gray estimated that 250-300 restrikes were produced, either during the tenure of Mint Director James Ross Snowden or Henry Linderman. We speculate that this piece was most likely produced during one of Linderman's terms as director as the die crack from TE continues to the left to the top of the I, thus indicating a later striking.
Very few 1838 dollars are known in circulated grades, which would make sense as these pieces were made specifically for collectors. However, this coin is among the finest known. The fields are brightly reflective and comparable to proof Seated dollars struck from the late 1850s through the 1870s. Each side is covered in deep shades of royal blue, gray, and purple. The striking details are strong in the centers, but soft at certain areas around the margins; specifically Liberty's foot, several of the stars, and less-than-fully brought up reverse lettering. Close examination with a loupe reveals a few light hairlines, but these are not visible without magnification. A splendid example of this scarce Gobrecht date.
From The Joseph C. Thomas Collection. (PCGS# 11352)

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Gobrecht Dollars
Gobrecht Dollars Illustrated by the Collection of Julius Korein

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