1836 $1 J-60, Gobrecht Restrike PR(PCGS#11227)

Spring 2022 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

3047

等级

PR62

价格

198,679

详细说明

Historic 1836 Name on Base Gobrecht Dollar Judd-60 Original, Die Alignment IV 1836 Gobrecht Silver Dollar. Name on Base. Judd-60 Original, Pollock-65. Rarity-1. Silver. Plain Edge. Die Alignment IV. Proof-62 (PCGS). OGH. Offered here is a desirable example of this classic design type in the United States silver dollar series. Fully struck with intricate detail even to the most minor features, the devices reveal the same degree of semi-reflectivity to their finish as seen in the fields. There are no sizable marks, and even faint hairlining is generally well concealed. There is a somewhat glossy texture beneath smoky-gray and mauve retoning. Iridescent undertones of gold and powder blue are also evident upon closer inspection, and they enhance the eye appeal when caught by a light. The historic 1836 Name on Base Gobrecht dollar is the first issue of this denomination produced for circulation since those struck in 1804 from 1803-dated dies. Silver dollar production was suspended in the early 19th century after the value of the silver exceeded the coin's face value. While proposals to resurrect this denomination started as early as 1831, it was not until 1835 that any serious attempt was made. Christian Gobrecht was directed to prepare a set of pattern dies based on designs by Titian Peale and Thomas Sully. The result is a coin widely considered one of the classics of American numismatics with its beautiful representation of Liberty seated on the obverse and majestic soaring eagle on the reverse. The Mint used only a single pair of dies to strike 1,000 examples of the new dollar in December 1836, the coins delivered in two batches: 400 pieces for distribution to the public and 600 for distribution into commerce through local Philadelphia banks. Mint personnel experienced considerable difficulty in production of this issue. Either the feed fingers for the planchets were improperly designed, or the coiners used feed fingers intended for half dollars. In either case, the feed fingers kept slamming into the reverse die during coinage, forcing Mint personnel to deliberately rotate the dies and adjust the feed mechanism in an effort to solve the problem. This tinkering explains the three different die alignments for originals of this variety (I, II and IV), as well as the tiny nicks seen around the reverse rim through the various die states. For generations, the precise timeline of production based on die alignment has been in dispute, but recent scholarship by John Dannreuther, Craig Sholley, and Saul Teichman has indicated that the correct sequence of all the Judd-60 dollars is I-IV-II-IV-I-IV, with all of the Die Alignment III pieces being later restrikes. Die State F, represented here, is one of the latest known states for the issue. As the most frequently encountered Gobrecht dollar, the 1836 Name on Base is very popular for type purposes. Examples are certified as Proofs, but most show (considerable) wear and marks from time in commerce. A perennial favorite for generations, Gobrecht silver dollars remain as popular now as ever and are in constant demand. This handsome specimen represents a significant find for advanced type collectors, silver dollar enthusiasts, or those with an interest in this challenging series. The old style PCGS insert identifies this coin as a Restrike, although our Die Alignment IV attribution and the aforementioned modern scholarship confirm it as an Original. PCGS# 11226. Click here for certification details from PCGS.