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1836 PG$1 Gold Dollar, Judd-67, Pollock-70, R.5, PR65 PCGS....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

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Auction Ended On: Jan 10, 2008
Item Activity: 7 Internet/mail/phone bidders
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Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Sparkling Gem 1836 Gold Dollar Pattern, Judd-67
1836 PG$1 Gold Dollar, Judd-67, Pollock-70, R.5, PR65 PCGS. Same design, metallic content, and reeded edge as the piece above.
1836 was a seminal year in American numismatics. The first 1836 Reeded Edge half dollars were struck using the Mint's new steam press, with a "close collar" or "collar die," a die for the edge of the coins. Although the 1836 Reeded Edge half dollars were collected for many years as pattern issues, they are in fact regular circulating issues. Christian Gobrecht completed the working dies for those half dollars. In that same year he also had to interrupt work on the silver dollar designs that would later become known as Gobrecht dollars, to begin work on gold dollar patterns.
The impetus for production of gold dollars was provided by the Bechtlers' private gold coinage in North Carolina and the opening of branch mints in Charlotte and Dahlonega, Georgia, in 1838. A further boost was added by Southern congressmen, who managed to add a clause authorizing gold dollar production to an 1836 bill. Mint Director Robert M. Patterson vehemently opposed such a move, however, while firmly supporting the reintroduction of silver dollar coinage. These 1836-dated patterns are a remnant of the gold-dollar movement. Originals were struck in gold, alloyed with 10% copper. Restrikes exist, in gold and other metals, but both the originals and some of the restrikes were produced in coin turn. The website notes that some restrike gold dollars were believed struck "circa 1859 and possibly later as well," and as confirmation, one restrike is struck over a regular-issue 1859 gold dollar.
This Gem proof example must look much the same as it did when it was made, as it has obviously been preserved with care for several generations. The yellow-gold surfaces show considerable cameo contrast. A curving lintmark to the right of the first T in STATES will serve as a future pedigree identifier. Perusal with a loupe reveals only a few light hairlines on this stunning and historic gold dollar pattern. Certified in a green-label holder. (PCGS# 11260)

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