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Sale 39
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Lot 2063
1836 Pattern Dollar. Silver, plain edge. Restrike. . J-58. . Low Rarity 6. . P-61. PCGS graded Proof 61. Old green holder. PCGS holder number 4104094. Name below base. Tiny die break second T in States. Early die state and one of the first strikes of the rare name below base. Small flaw as made on Liberty cheek. Well struck and lightly toned. On the obverse of the beautiful Gobrecht design, Liberty is seated on a rock supporting a shield and holding a Liberty Cap on pole. The word LIBERTY is in raised letters on a ribbon that overlaps over the shield, while C. GOBRECHT. F. (i.e., C. Gobrecht fecit, where fecit is Latin for "made this") occupies the field immediately between the base of the rock. This variety, with Gobrecht's name below is an American numismatic classic. As it turned out, criticism with the placing of Gobrecht's name caused Mint Director Robert M. Patterson to have it moved to a less conspicuous location on the rock itself.
All Gobrecht dollars, including the Patterns, were struck with a reflective or Proof finish (i.e., they were probably struck at least twice to bring up the details of the design). This lovely Proof 61 exhibits mirrored though toned surfaces and is uniformly natural in color. "Old silver" is the term collectors like to use. There is some minor roughness on Liberty's cheek, as already mentioned, plus a few tiny contact signs on both sides. A small mark between A and M of AMERCA and a hairline scratch down between M and E of the same word, may be used as reference points. Certainly worth our estimate. The Magdic coin we sold, PCGS PF45, realized $48,875 in February 2005. Die Alignment 4, only 3 known. The National Numismatic Collection that is part of the Smithsonian Institution does not have an example of the 1836 Name below base Gobrecht Dollar (PCGS # 11217) .
The original dies for this silver dollar were made in 1836 by Christian Gobrecht (as an assistant engraver at the U.S. Mint) from sketches made by Titian Peale and Thomas Sully. On the reverse, an American eagle flies upward and to the left in a field of twenty-six stars. Thirteen large stars represent the thirteen original colonies, and thirteen smaller stars depict the subsequent states added to the Union (with Michigan expected to be admitted in 1837). Although the exact mintage of Judd-58 coins is unknown due to lack of mint records, recent estimates suggest that 31 to 75 specimens exist (Rarity-6).
PCGS has recently begun to classify some Judd-58 coins as "originals." It is uncertain that these newly identified coins are in Die Alignment I orientation and were made on 416 grain planchets; or if they represent other die alignment configurations made from an uncracked reverse die. In any case, after 18 years of grading and encapsulating coins, only 22 Judd-58s have been certified by PCGS and NGC combined.
Estimated Value $60,000 - 80,000.
Ex: Lot 1333 Stacks Sale 1955; Dr. Ruby Collection; C.E Gilhousen Sale Lot 1284 October 1973.
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| Realized $69,000 |
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