Lot 1660
1838 Pattern Dollar. Silver, reeded edge. Restrike. . Judd-84. Pollock-93 Rarity-5 to 6. PCGS graded Proof 61 PQ. Die Alignment III. A well struck and brilliant proof specimen. A light film has settled on the obverse and reverse fields and at times casts a sky-blue iridescence to the surfaces. This Gobrecht issue, a restrike from the 1850's -1870's, is estimated to have only 50 to 75 survivors in all grades and should be considered rare. Struck without Gobrecht's name on the base or stars on the reverse, the 1838 Gobrecht Silver Dollars in Die Alignments III and IV were struck due to serious demand in the numismatic community for this design. The Mint struck these from the original dies used in 1838 that were still on hand. This example exhibits a fine die crack on top of the MERI of AMERICA, a characteristic seen on most 1838 Die Alignment III Gobrecht Silver Dollars (although some have been seen with the perfect reverse state). Housed in an old PCGS green label, fat letter holder. PCGS population of 3 with 26 finer.
Estimated Value $24,000 - 28,000.
The Michael M. Magdic Collection.
|
| |
| Realized $41,975 |
