1836 P$1 Name Below Base, Judd-58 Restrike, Pollock-61, R.6(?), PR62 NGC....
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- When you get your electronic invoice, select "other" from the payment options.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- Minimum down payment is 20%.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
A Major Rarity in the Series
Design. Die Alignment IV (center of Liberty's head opposite right side of F in OF). Christian Gobrecht's Seated Liberty design, no stars in the field, C. GOBRECHT F. in the field below the base. On the reverse the eagle flies level in a starry field. Struck in silver with a plain edge.
Commentary. The Name Below Base Gobrecht dollar is an American classic. Much has been written about this issue over the past 150 years, including an apocryphal mintage of only 18 pieces. These coins have been highly sought after since striking and a considerable body of misinformation has grown up about them. Much research has been conducted over the past several years into the Gobrecht series, with special focus on the Name Below Base coins. The inescapable conclusions are that these pieces were restrikes made during the tenure of James Ross Snowden and that no original strikings were made in 1836 or 1837. This also means all the examples of Judd-58 will be seen in Die Alignment III (center of Liberty's head opposite N in ONE) or as seen here, in Die Alignment IV (center of Liberty's head opposite right side of F in OF).
It is impossible to unequivocally state when a particular Name Below Base dollar was struck. What is known, however, is that Die Alignment III coins show heavier die cracks than Die Alignment IV coins, leading to the conclusion that Die Alignment IV coins were struck first. The generally accepted time frame for the striking of these pieces is the late 1850s for Die Alignment IV pieces and the 1860s for those in Die Alignment III.
The popularity of the Name Below Base dollar was immediate. The first auction record that we are aware of is from the J.N.T. Levick Auction in December 1859 but that coin did not sell and was bought in by Mason at $32.50. The MacKenzie Sale in 1868 had the first Name Below Base that sold. That piece brought an astounding $90.00. This extraordinarily high price may well be because of the novelty of these pieces. Two years later, prices reached a more "realistic" level when dealer Edward Cogan bought one out of the Fewsmith auction for $35.
Probably fewer than 60 examples are known today of the Name Below Base Gobrecht dollar. These rare pieces are a cornerstone of any collection of Gobrecht dollars or 19th century set of silver dollars. They are generally found in PR60 or better grades, and this piece is above average.
Physical Description. As one would expect from a proof produced in the late 1850s, the fields are deeply mirrored on each side. This is apparent even through the multiple layers of deep blue, gray, and rose-golden toning that cover each side. The high points of the design are completely brought up, including Liberty's head, foot and sandal, and the eagle's breast feathers. Light hairlines account for the grade, but they are not apparent to the unaided eye because of the depth of toning. NGC Census: 1 in PR62, 9 finer. PCGS Population: 2 in PR62, 10 finer (12/08).
Provenance. Ex: Stack's (10/1991), lot 840.
From The Lemus Collection, Queller Family Collection Part Two. (PCGS# 11217)
Service and Handling Description: Coins & Currency (view shipping information)