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

December 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1095

等级

PR64

价格

267,410

详细说明

Classic 1836 Name on Base Gobrecht Dollar 1836 Gobrecht Silver Dollar. Name on Base. Judd-60 Original, Pollock-65. Rarity-1. Die State F. Silver. Plain Edge. Die Alignment I. Proof-64 (NGC). A richly toned and aesthetically appealing example of this scarce and eagerly sought silver dollar issue. Featuring dominant charcoal-gray patina, we also note intermingled blushes of pale silver-blue in and around the central obverse as well as more vivid undertones of cobalt blue, antique gold and, on the obverse only, pinkish-rose. The striking detail is razor sharp to full over virtually all design elements, and the surfaces are very nice for the assigned grade. The historic 1836 Name on Base Gobrecht dollar is the first issue of this denomination produced for circulation since 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 commercial channels 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 this issue's 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 a later known state for Die Alignment I examples. As the most frequently encountered Gobrecht dollar, the popularity of the 1836 Name on Base issue for type purposes knows no bounds. 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. Opportunities to obtain a high grade coin such as the Larry H. Miller specimen are few and far between. A strong bidding strategy is advised. Provenance: From the Larry H. Miller Collection. NGC Census: 7; 3 finer (Proof-65 finest). PCGS# 11225. NGC ID: BLWV. Click here for certification details from NGC.