Lot 3074
1838 Pattern Dollar. Silver, reeded edge. Restrike. J-84, Rarity-5. PCGS graded Proof 63. PQ. Die Alignment III (eagle flies level; Liberty's head is opposite the N of ONE). Reflective Proof fields and bright, shimmering surfaces overlaid with a lovely, gun-metal gray toning. Lightly hairlined, mostly on the reverse; hence the PR-63 grade. Of the three dates in the Gobrecht series (1836, 1838, and 1839), the 1838 is believed to be the rarest. PCGS reports 9 at this level; 4 in PR-64, and 1 in PR-65, thus making this one of the better-preserved examples.
Restrikes of the 1838 Gobrecht Dllar were made in the 1850's (one is known struck over an 1859 Silver Dollar!) to satisfy collector demand. While ethical questions can be raised about such activities, the 1838 Gobrecht Dollar would be an extreme rarity today if no Restrikes were made at all! (PCGS # 11352) Estimated Value $40,000 - 45,000
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| Realized $46,000 |
