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1839 P$1 Name Omitted, Judd-104 Restrike, Pollock-116, R.3, PR64 PCGS. CAC....
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Sold on Jan 12, 2023 for:
$81,000.00
Bid Source: Internet bidder
Description
1839 Gobrecht Dollar, Toned PR64
Judd-104 Restrike, Middle Die State
1839 P$1 Name Omitted, Judd-104 Restrike, Pollock-116, R.3, PR64
PCGS. CAC. Silver. Reeded Edge. Die Alignment IV (medal turn,
the head Liberty is opposite the F in OF). Middle Die State. The
first Gobrecht dollar restrikes were produced in the late-1850s
under Mint Director James Ross Snowden. Snowden had a collector's
penchant for completion and his goal was to produce Restrikes and
trade them for Washingtonia that was missing from the Mint Cabinet
Collection. From our vantage point 160 years later it is difficult
to understand just how popular coins and medals commemorating
George Washington really were at that time. Snowden was largely
successful in producing "trade bait" and acquiring new pieces of
Washingtonia for the Mint Collection. Success breeds more success,
and soon a new Mint Director, Henry Linderman, along with Archibald
L. Snowden, catered to a growing collector appetite for "Cabinet
Coins" such as Judd-60 Restrikes, Name Below Base Judd-58 dollars,
and Middle Die State Judd-84 dollars.Henry Linderman left the Mint in 1864 for a private stockbroker practice, and prices for Judd-84 and -104 dollars remained relatively calm. In 1867 Linderman returned as Director and that marks the beginning of more Cabinet Coins, such as Early to Middle State Judd-84 Restrikes, State C Judd-58 Name Below Base dollars, Judd-60 Restrikes in Die Alignment II, and Early Restrike Judd-104 Gobrechts. Presumably the Middle State Judd-104 Restrikes were struck shortly after these pieces, probably around April 1869. Prices at contemporary auctions became unstable since no one knew just how many of any issue would be ultimately available.
Gobrecht dollars have a long and storied background; also a background that is full of fanciful stories and misinformation, some of which persists to this day. It is largely due to the efforts of Saul Teichman, John Dannreuther, and Craig Sholley that we understand this challenging series as well as we do today. This is a high-grade example whose surfaces display bluish-tinged gray interiors that are ringed by cobalt-blue. The strike is full in all areas and there are no mentionable contact marks. This is a coin that is destined for an advanced collection. Population: 15 in 64 (1 in 64+), 4 finer. CAC: 2 in 64, 0 finer (9/22). Ranked #69 on the List of 100 Greatest US Coins.
From The Schwenk Family 100 Greatest Coins Collection.
Coin Index Numbers: (NGC ID# BLY5, PCGS# 11446, Greysheet# 12075)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
View all of [The Schwenk Family 100 Greatest Coins Collection ]
Auction Info
2023 January 11 - 15 FUN US Coins Signature® Auction #1356 (go to Auction Home page)
Auction Dates
January, 2023
11th-15th
Wednesday-Sunday
Bids + Registered Phone Bidders: 32
Lot Tracking Activity: N/A
Page Views: 616
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Gobrecht Dollars Illustrated by the Collection of Julius Korein
The most thorough review to date of the existing scholarship on these much sought-after U.S. coins.
Order your 136 page book today.
The most thorough review to date of the existing scholarship on these much sought-after U.S. coins.
Order your 136 page book today.
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