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

The Regency Auction 37

拍卖行

Legend Rare Coin Auctions

批号

428

等级

PR64

价格

561,023

详细说明

Of the three Gobrecht dollar dates, 1836, 1838, and 1839, the 1838 is the scarcest. A very small number of Originals were struck, the dies then stored away until the late 1850s where they were then restruck for collectors. 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 is a very impressive borderline GEM. Every detail is razor sharp in definition, standing out against watery reflective mirrored fields. Both sides are awash in a gorgeous blend of blues, golds, and peach hues, with teal and lilac accents. A single microscopic line can be seen in the field with effort by Stars 4 and 5, the only thing that keeps this from an even loftier grade. Part of the fun of owning these coins is the potential to help discover new pieces in the puzzle. 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 shed 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! PCGS 9, NGC 11, CAC 2. The most recent PCGS PR64 CAC example to sell in auction realized $88,125 in the 2017 FUN auction (a coin that is now on the market listed at $110,000). The current Collectors Universe value is listed at $72,500 which seems very cheap for a CAC approved coin. We believe that this marvelous coin offers a lot for any advanced collector, and this coin will spark lots of bidding activity. Keep in mind that this high end coin ranks among the FINEST examples, behind a handful of coins graded PR65, including: 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, which sold for $146,875 in our October 2019 Regency Event; 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. Cert. Number 35366313 PCGS # 11352.00