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Lot
7599

1838 PS$1 Name Omitted, Judd-84 Restrike, Pollock-93, R.5, PR62 PCGS. Die Alignment III (head of Liberty opposite the E in ...

2005 St. Louis, MO (CSNS) Signature Auction #372

 
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Auction Ended On: May 5, 2005
Item Activity: 6 Internet/mail/phone bidders
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Description:
Rarely Seen 1838 Gobrecht Dollar, PR62
1838 PS$1 Name Omitted, Judd-84 Restrike, Pollock-93, R.5, PR62 PCGS. Die Alignment III (head of Liberty opposite the E in ONE). Reeded Edge. Silver. All 1838 dollars are considered patterns. Unlike the circulation issues of 1836 (Judd-60) and 1839 (Judd-104), no 1838 dollars were intentionally made for public distribution. The 1838 dollars were apparently made to test two new design features: (1) a reeded edge, and (2) the removal of the 26 stars from the reverse of the 1836 dollar and the placement of 13 stars around the obverse. While it is clear that the dies for the 1838 dollar were made in 1838, it is not certain how many (if any) 1838 dollars were actually struck in that year. Only one original specimen is known, and that coin is a part of the U.S. Mint Collection now retained by the Smithsonian. However, the Smithsonian specimen exists in Die Alignment IV orientation (not Alignment I, as asserted by Breen), and was struck from an uncracked reverse die. This piece shows the usually seen microscopic die cracks at the tops of ITE (in UNITED), MERI (in AMERICA), and AR (in DOLLAR). Probably no more than 250 pieces were originally struck of the 1838 and far fewer exist today. PCGS has only certified six other PR62 coins with 21 finer (3/05). This particular coin has dull gray-lilac toning over each side. The mirrored fields are present but the coin must be tilted at just the right angle to reveal the proof finish. Fully struck, except on Liberty's foot, the only contact mark of note is located in the field between Liberty's knee and star 12.(#11352) (PCGS# 11352)

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Gobrecht Dollars
Gobrecht Dollars Illustrated by the Collection of Julius Korein

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