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1839 P$1 Name Omitted, Judd-104 Restrike, Pollock-116, R.3, PR63 NGC....

2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104

 
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Auction Ended On: Apr 17, 2008
Item Activity: 12 Internet/mail/phone bidders
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Location: Rosemont, IL
Description:
Deeply Mirrored PR63 1839 Gobrecht Dollar
Die Alignment IV
1839 P$1 Name Omitted, Judd-104 Restrike, Pollock-116, R.3, PR63 NGC. Silver. Die Alignment IV (medal turn, center of Liberty's head opposite right side of F in OF). There are three families of 1839 dollars and each represents a different striking period. Like other Gobrecht dollars, they are most easily understood by the presence or lack of die cracks on the reverse. These three striking periods are separated thus:

1. Original 1839 dollars (Judd-104) appear in Die Alignment IV and were struck from a perfect reverse die (i.e., no reverse die cracks). No Die Alignment I coins are known.
2. Restrike 1839 dollars were made in Die Alignment IV and have microscopic reverse die cracks through MERI and other reverse letters. These coins were probably struck from 1857 until 1859.
3. The second set of restrike 1839 dollars is found in Die Alignment III (center of Liberty's head opposite the N in ONE) and have reverse die cracks similar to # 2 above. However, these coins were probably struck in the late 1860s (or perhaps slightly later); a time when the Die Alignment III Judd-60s were made.

This piece shows the most minute die crack connecting the tops of MERI and possibly the bottoms of AR. As such, this appears to be a restrike from the 1857-1859 timeframe.
Struck as collector pieces under James Ross Snowden's tenure as mint director, these early restrikes are generally found in PR60 to PR65 grades. This piece is above average for the issue with most early restrikes averaging less than PR62. The fields on this coin are noticeably bright and deeply reflective. The centers of each side are largely free from toning, while the margins display rich rose-colored patina. Lightly hairlined, which explains the PR63 grade, the surfaces are otherwise free from any other post-striking defects. Another exceptional dollar from the Queller Collection.
From The Queller Family Collection of Silver Dollars. (PCGS# 11446)

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Gobrecht Dollars
Gobrecht Dollars Illustrated by the Collection of Julius Korein

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