LOT #3817 |
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1838 P$1 Name Omitted, Judd-88 Restrike, Pollock-98, R.8, PR64 PCGS....
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Sold on Jan 13, 2022 for:
$288,000.00
Bid Source: HA.com/Live bidder
Description
1838 Starry Reverse Gobrecht Dollar
Judd-88, PR64
Three Known, Only Two Pieces Available
1838 P$1 Name Omitted, Judd-88 Restrike, Pollock-98, R.8, PR64
PCGS. Ex: Farouk-Simpson. Silver. Plain Edge. Starry Obverse /
Starry Reverse. Die Alignment III (the center of Liberty's head is
opposite OF). Die State A. Only three coins are known and all are
from the same die state. The Judd-88 Cabinet Coin Restrikes have
been closely examined and all display the following characteristics
(taken from the DTS website):Obverse: Lightly rusted with polish lines across lower half of die stronger and running at a slight angle from lower left to upper right, small rust lumps in front of face, and scattered rust patches in fields. Same as early J85 prior to crack on left wrist.
Reverse: Strong cracks at NITED STATES O and OLLAR. Small lump between feet A in STATES and a small pit under the right lower serif of E in STATES. Die scratch in U from just below inner curve of right upper serif down towards inner left lower curve Small crack from wing up to field between 3rd and 4th lower stars, crack from right foot of A in DOLLAR to dentil below stronger than J62, indistinct elongated lump over SO.
While social media today keeps us abreast of graft and corruption among government officials as soon as it can be reasonably established, such information was much slower to become public knowledge in the 19th century. Henry R. Linderman is an example of how years, then decades passed before his malfeasance became undeniable. In the case of coins produced while he served two terms as Mint Director it wasn't until recent years that his culpability was obvious, and then the evidence came from the coins themselves. Linderman was a coin collector himself and his collection was offered for sale at public auction after his death in 1878. He created, or allowed others to create, many exotic numismatic rarities during his two tenures as Director. Judd-88 Gobrecht dollars were one of these rarities, struck in April 1869, in the final days of his first term as Director.
All the Starry Reverse dollars were struck within a few days of each other, then the Starless Reverse group was produced. The reason for this neat sequencing of Starry / Starless strikings can be traced back to the production of 1836 dollars. When the Mint struck these dollars the reverse die was removed and replaced several times, causing mis-feeds and rim nicks on the reverse die (thus enabling us today to establish the striking sequence). Also, when the reverse die was pulled and remounted several times, it also resulted in three different die alignments: DA I, DA II, DA IV. When it came time to produce the Cabinet Coins several decades later, those mistakes were not repeated, explaining the Starry / Starless groupings. Judd-88 dollars were struck in the exact middle of the Starry Reverse production, four different types were struck prior and four different types were struck afterward.
Specialists will need no urging or superlatives to convince them of the rarity of this opportunity. With only three examples known, everyone recognizes it may be years or decades before such a coin is again offered to collectors. In fact, while three pieces are known, one is the Dr. Korein coin that is now permanently housed in the ANS, leaving only two examples available for collectors. The interior of each side of this piece are brilliant or close to it, while the margins display a wide band of deep blue patina. The only pedigree identifier is a rim mark below the O in DOLLAR.
Ex: Waldo Newcomer; "Colonel" Green; F.C.C. Boyd from B.G. Johnson on April 29, 1943; Curtis; Farouk Collection (Sotheby's, 2-3/1954, lot 1721; Hans Schulman; Ostheimer Collection (Merkin, 9/1968), lot 332; Share Collection; Louis M. Ricciardi.
Coin Index Numbers: (NGC ID# BLXX, PCGS# 11370, Greysheet# 12043)
View all of [Important Selections from The Bob R. Simpson Collection, Part VII ]
Auction Info
2022 January 12 - 16 FUN US Coins Signature® Auction - Orlando FUN #1341 (go to Auction Home page)
Auction Dates
January, 2022
12th-16th
Wednesday-Sunday
Bids + Registered Phone Bidders: 25
Lot Tracking Activity: N/A
Page Views: 1,235
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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.
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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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