1836 $1 J-60, Gobrecht Original PR(PCGS#11225)

August 2023 Global Showcase Auction U.S. Coins

拍卖行

Stack's Bowers

批号

5072

等级

PR62

价格

305,833

详细说明

Historic 1836 Name on Base Gobrecht Dollar Judd-60 Original, Die Alignment I 1836 Gobrecht Silver Dollar. Name on Base. Judd-60 Original, Pollock-65. Rarity-1. Silver. Plain Edge. Die Alignment I. Proof-62 (PCGS). CAC. Korein 48. Liberty's head is opposite the letter O in DOLLAR. A gorgeous example of the quintessential Gobrecht dollar, a Judd-60 from the original striking of December 1836, in Die Alignment I with the eagle flying "onward and upward" after rotation around the coin's horizontal axis. Soft sandy-gold iridescence dominates the in hand appearance, although the viewer who rotates the coin under a light will be treated to vivid salmon-pink and cobalt blue undertones that are more extensive and pronounced on the obverse. Fully struck with intricate detail even to the most minor features, the devices exhibit subtle mint frosting that contrasts somewhat with a lovely semi-reflective finish in the fields. This is nearly as close as these come to a Proof finish for, despite deference to numismatic tradition that explains why PCGS and NGC continue to certify all Gobrecht dollars as such, the original strikings of 1836 and 1839 are not true Proofs - apart from the remarkable Korein 47 coin, which is the only true Proof 1836 Judd-60 Original confirmed. Returning to the coin offered here, the surfaces are nicely preserved at the assigned grade level with only faint hairlines from numismatic handling precluding a Choice grade, and these are well concealed by the toning at most viewing angles. A strikethrough on the reverse that extends up from the end of the eagle's tail is as made, while a tiny scrape on Liberty's right thigh serves as a useful provenance marker. DTS Die State D. 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. As the most frequently encountered Gobrecht dollar, the 1836 Name on Base is very popular for type purposes. Examples are certified as Proofs, as above, but most show (considerable) wear and marks (if not also impairments) 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 - uncommonly well preserved and visually appealing - represents a significant find for advanced type collectors, silver dollar enthusiasts, or those with an interest in this challenging series. Provenance: From the Julius Korein Collection, sold to benefit the American Numismatic Society. Earlier ex C.E. Bullowa, February 1990. PCGS# 11225. NGC ID: BLWV. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA. Click here to see Coins in Motion.[“Coins]