Lot 1656
1836 Pattern Dollar. Silver, plain edge. . Judd-60. Pollock-65 Rarity-1. PCGS graded Proof 55 PQ. Die Alignment IV. A well struck and bold specimen with even antique gray surfaces and silvery highlights. The fields still retain ample reflectivity and display only moderate hairlines, commonly found on Gobrecht issues. A light ring of steel blue toning is seen around the obverse periphery and hugging Liberty's device. The reverse has a bright silver eagle surrounded by subtle gray toning. Aside from the same intensity hairlines as the obverse, there are no marks or scratches to mention. A delicate orange-peel effect is seen on the reverse fields when viewed at a certain angle. Die Alignment IV, the medal oriented dies with eagle flying horizontally, is actually thought to be a variant of Die Alignment II. Researchers believe that when the production of these second originals began in March 1837, they were struck in Die Alignment II. Due to the hammer die rotating in the striking process, Die Alignment IV became a distinct die variation and the final variation of several subtle variants between the original Die Alignment II and final Die Alignment IV. One thing that Gobrecht researchers and collectors agree upon is that the issues of March 1837 consist of Die Alignment II, Die Alignment IV and the variants in between the preceding. Of the 600 coins reportedly issued, it is thought that approximately 400 coins are of the Die Alignment IV. A very scarce and collectible issue in a pristine and original condition. This is a highly sought after issue for those wishing for a "type" representation of a Gobrecht dollar. Housed in an old PCGS green label holder. PCGS population of 10 with 69 finer (PCGS # 11227) .
Estimated Value $10,000 - 15,000.
The Michael M. Magdic Collection.
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| Realized $17,250 |
