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Rare, High Grade 1839 Gobrecht Dollar, PR63
Judd-104 Restrike

1839 P$1 Name Omitted, Judd-104 Restrike, Pollock-116, R.3, PR63 PCGS. Silver. Reeded Edge. Die Alignment IV (center of Liberty's head opposite the right side of the F in OF). The dollars of 1839 are neatly divided into two categories, restrikes and originals. They are also known in Die Alignment III and IV. All originals are in Die Alignment IV, and they show none of the microscopic die cracks on the reverse. Restrikes, believed to have been struck from 1857 to 1859, are also in Die Alignment IV but do show the tiny die cracks through the reverse lettering. A second set of restrike 1839 dollars are found in Die Alignment III (center of Liberty's head opposite the N in ONE). These pieces are believed to have been struck in the late 1860s, possibly later. This Die Alignment IV coin shows faint die cracking that connects the tops of MERI, but we see no evidence of a crack between TE and no trace of a die crack at the bottom of LAR. This, of course, indicates that this coin was one of the first restrikes produced in the late 1850s.
The condition of 1839 dollars varies widely according to when the coins were produced. Original coins struck in 1839 are rarely found above PR60. Die Alignment IV restrikes, such as this piece, are generally seen in PR60 or better condition. The Die Alignment III restrikes are almost always found in high grades, i.e., PR63 or finer.
The surfaces on this piece are murky gray with a golden-blue undertone. Nevertheless, the brightness of the mirrored fields is abundantly evident on each side. The striking definition is strong in all areas, and there are no singularly mentionable or noticeable contact marks on the obverse or reverse. Population: 17 in 63, 9 finer (4/09). (NGC ID# BLY5, PCGS# 11446)

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Auction Dates
May, 2009
Internet/Mail/Phone Bidders: 8
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