Lot 4499
1836 Pattern Dollar. Silver, plain edge. Rarity 1. NGC graded Proof 61. Lightly toned. An attractive Proof of the optimum, defect free quality for this grade. Gobrecht's name appears on the base of the perch on which Liberty sits. The field, unlike what would be the standard way seated coins are presented in later years, lacks the 13 stars around Liberty. This gives the coin an almost cameo-like appearance. Collectors find it beautiful. The reflective surfaces show signs of mingled medium gray with deeper grade shades of toning. Agreeably well struck to say the least, in fact fully so, with detail aplenty to merit special reference here.
The United States Mint had ceased striking silver dollars in 1804. Although the denomination was the standard monetary unit in U.S. coinage, demand for it came mostly from bullion depositors, and few dollar coins circulated in the beginning of the 19th century. Half dollars were preferred. Much of each year's silver dollar mintage was either melted domestically or exported. By the 1820s and '30s however, two successive Mint directors, Samuel Moore and Robert M. Patterson, had advocated reviving dollar coinage. The 1836 Gobrecht coins are the first tries at issuing silver dollars again, which would go into regular (if limited) production in with the modified seated Liberty dollar in 1840 (PCGS # 11227) .
Estimated Value $19,000 - 21,000.
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| Realized $27,600 |
