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Lot
2595

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

2010 January Orlando, FL FUN US Coin Auction #1136

 
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Auction Ended On: Jan 7, 2010
Item Activity: 8 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
1839 Gobrecht Dollar, PR64
Rarely Seen Die Alignment III
1839 P$1 Name Omitted, Judd-104 Restrike, Pollock-116, R.3, PR64 NGC. Silver. Reeded Edge. Die Alignment III (coin turn, center of Liberty's head opposite the N in ONE). The consignor has owned this coin for decades, and while its weight is not stated on the insert, he stated it weighs 412.35 grains. The majority of 1839 dollars are found in Die Alignment IV (center of Liberty's head opposite right side of F in OF). The Die Alignment III pieces, such as this coin, are believed to have been made in very limited numbers, perhaps 18-20 pieces are believed known today. It is reasonable to assume that the Die Alignment III 1839 dollars were struck at the same time as the Die Alignment III 1836 dollars, a time period believed by Gobrecht experts Jim Gray and Mike Carboneau to be in the late 1860s (or perhaps even later).
To further underscore the above assumptions about Die Alignment III 1839 dollars, it is worth noting that most are found today in high grade--probably PR63 as an average. This is an absolutely splendid example of this Gobrecht rarity. The fields are deeply reflective and display a finish that is consistent with proof coins produced in the 1860s and 1870s. Each side has even golden-rose toning, and there are occasional dabs of cobalt-blue around the obverse rim. By way of identifying marks, there is a patch of hairlining in the right obverse field, and on the reverse two milling marks are located in the field beneath the first T in STATES.
Our auction records reveal that we have only offered seven examples of this die alignment out of the 30 total 1839 Gobrecht dollars we have offered at public auction over the past nine years. An obvious opportunity for the advanced specialist. (PCGS# 11446)

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Gobrecht Dollars
Gobrecht Dollars Illustrated by the Collection of Julius Korein

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