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Lot
2571

1839 P$1 Name Omitted, Judd-104 Restrike, Pollock-116, R.3, PR64 NGC....

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:
Splendid 1839 Judd-104 Restrike Gobrecht Dollar, PR64
1839 P$1 Name Omitted, Judd-104 Restrike, Pollock-116, R.3, PR64 NGC. Silver. Die Alignment III (coin turn, center of Liberty's head opposite the N in ONE). Although not identified as a Judd-104 by NGC, just enough of the edge reeding can be viewed for a positive attribution, especially at 3 o'clock (all Judd-105 coins have a plain edge). The present coin is mostly brilliant with deeply mirrored surfaces. Except for the first four obverse stars (counting clockwise from the left side), the coin is well struck, with repunching noted on stars 5 and 8.
1839 dollars are usually not seen in Die Alignment III. Most 1839 dollars appear in Die Alignment IV. As late as 1993, David Bowers wrote in his encyclopedia on silver dollars that the existence of even a single specimen was unknown. Subsequent research conducted by Michael Carboneau and James C. Gray has identified a small number of similar coins; however, the current population of 1839 dollars that exist in Die Alignment III is estimated to be fewer than 20 pieces. In contrast, more than 75% of all 1839 dollars offered for sale are found in Die Alignment IV. The present specimen also exhibits a faint die crack at the top of the letters MERI in AMERICA. Most of the high grade 1839 dollars (regardless of die alignment) are restrikes made during one of these three time periods:

--during Mint Director James Ross Snowden's term of office (1853 until July 1860, when he sealed the Gobrecht dollar dies in a box)
--during Mint Director Henry R. Linderman's first term of office (April 1867-April 1869), or
--during Linderman's second term of office (April 1873-December 1878).

The die alignment and the reverse die crack suggest that the present coin was probably struck during Linderman's second term of office. This 1839 dollar is extremely pleasing and should fit nicely in any high grade collection of early dollars or advanced collection of Gobrechts.
From The Joseph C. Thomas Collection. (PCGS# 11446)

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Gobrecht Dollars
Gobrecht Dollars Illustrated by the Collection of Julius Korein

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