1838 $1 J-84, Gobrecht Restrike PR(PCGS#11352)

Regency Event: Exclusively Legend

拍卖行

Legend Rare Coin Auctions

批号

43

等级

PR65

价格

1,038,790

详细说明

The 1838 Gobrecht Dollar has always been a major rarity and very popular issue. This AMAZING GEM is tied for FINEST KNOWN of this incredibly important pattern dollar. Struck in Die Alignment III, like the majority of the known examples. For the design, the obverse has Gobrecht’s name removed from the rocky base although faint traces remain when closely examined. The obverse now has thirteen stars surrounding Liberty, representing the original colonies, and the starry field with 26 stars of the reverse has been removed, and the eagle flies in the open field surrounded by legends and the denomination below, with the eagle flying level. The restrike J-84s are listed as Rarity-5 with an estimated mintage of 31-75 pieces. This GEM's visual affect is absolutely magnificent! The toning is about perfect with classic greenish-blue shades on both sides, with flashes of pure reflectivity noted when examined under a light. The strike is bold throughout. To say this is a beautiful coin is a vast understatement, as this is a coin any numismatist will always love and treasure for both its quality and toning. Over the years, many different theories surrounding the many variations of Gobrecht dollars have been offered. Extensive research has been done on this particular issue to determine where it was produced in relation to the other Gobrecht Pattern Dollars. Two major beliefs have developed. One camp of experts (Walter Breen and Robert Julian) believe that the die alignment I pieces were the originals, followed by die alignment IV and III being the Restrikes of the J-84 pattern. Another camp (John Dannreuther, Craig Sholley, Saul Teichman, Jim Gray and Mike Carboneau) believe the originals were first struck in die alignment IV. Research continues, and with each passing year, further examination of these rare coins sheds a little more light with each opportunity to compare different pieces. One famous example of this pattern in the Simpson Collection shows clearly the undertype of an 1859 silver dollar being used to strike the 1838 J-84 Pattern! Part of the fun of owning these coins is the potential to help discover new pieces in the puzzle. PCGS CoinFacts enumerates the following examples in PCGS PR65: The Amon Carter; TradeDollarNut; Simpson Collection example; The Blue Moon Collection coin, sold Stack's Bowers March 2017; The Ed Rector Collection coin, last sold at the 2018 ANA Auction; The Bruce Morelan Collection coin. This piece which went unsold in our Regency Auction XVI, February 2016; The example that sold in August 2009 Bowers & Merena, lot 1699 for $126,500. The Norweb-Gardner Coin was graded NGC PR65, and realized a record for the variety when it sold in April 2008 for $149,500. Tracing the prior provenance of this GEM has proved to be quite a challenge. It is not the Garrett, Virgil Brand, or Eliasberg example. Perhaps the next owner will endeavor to trace its provenance back. PCGS 6, NGC 2, CAC 2. The other CAC-approved example realized $132,000 in the 2018 ANA auction. Today, the Collectors Universe value is listed at $145,000 and with NONE FINER, this is a great opportunity to own a major rarity in this always popular series. We would not be surprised if this one "ran away." Cert. Number 16141287 PCGS # 011352