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Sale 28
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Lot 1654
1836 Pattern Dollar. Designer's name below base. Silver, plain edge. Restrike. . Judd-58. Pollock-61 Rarity-5. PCGS graded Proof 45 PQ. Die Alignment III. Name Below Base. A completely choice, stunning and extremely popular Gobrecht issue with" C.Gobrecht.F." found punched below the base. Coin aligned dies with the eagle flying horizontally, pellet below and above (Alignment III). Subtle gray surfaces accented with tones of steel blue, olive and champagne. Light friction on the breast, forearm, right knee and the breast of the eagle. On the reverse, a few dots of a waxy substance are attached to two of the stars, the N and D in UNITED. Technical merits and eye appeal are several points finer than the assigned grade of PR-45.
Extensive research by numismatic scholars has occurred on this issue and today it is believed that approximately 12 examples exist with C.GOBRECHT.F below their bases. Of these twelve, all are thought to be restrikes, those believed to have been struck in the late 1860's-1870's and characterized by Die Alignment III reverses and several diagnostic die cracks. While originals are rumored to exist in the Die Alignment I state, none have entered the modern numismatic marketplace.
The designer's name displays doubling (repunching) on all letters. Each digit of the date has a light outline. It is possible that this specimen is one of the first restrikes to be produced in the late 1860's. The reverse does not show the die cracks that are commonly found on those struck from the mid-1870's. For instance, UNITED STATES displays no die crack running through the letters at all. It takes 6-9X power magnification and a very trained eye to see a spine coming off the upright of the foot of L of DOLLAR and another spine off the lower left upright of the second L. The only complete die crack observable is an extremely delicate one that runs from L to A and it is very difficult to see. Additionally, NITED displays light bifurcation on the feet of the letters.
A magnificent opportunity to acquire a fresh and intriguing numismatic rarity! We urge all interest parties to view this lot closely or arrange for someone to view this lot for them. One of only 15 Judd-58 examples graded in all grades by PCGS (PCGS # 11217) .
Estimated Value $22,000 - 28,000.
The Michael M. Magdic Collection.
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| Realized $48,875 |
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