Lot 1701
1836. Designer's name on base. Pattern. Judd 60 Medallic Turn. PCGS graded Proof 45. Original-medal turn. Toned on both sides with mottled shades of russet gold and dullish gray, including some gray patches on the legs and in the field by Liberty's foot. Popular grade for type collectors. Minted in March of 1837. The head of Liberty is nearly opposite the second S in STATES with the eagle flying onward and upward after a medallic-turn (rotation around the coin's vertical axis) -- Walter Breen's definition of Die Alignment II. Most examples of Judd-60 are from Die Alignment I, which has a coin turn. This is a very scarce example of the second die alignment, which has a medallic turn. The eagle flies upward with respect to the horizontal axis on both of these die alignments, while the eagle flies horizontally on the final two alignments.
An even 1,000 Gobrecht dollars were produced in December 1836; however, the mintage was divided into two parts. The first consisted of 400 coins that were retained at the U.S. Mint for distributions and for direct sale to the public. All 400 of these first coins should have no reverse die scratch. An additional 600 coins were then struck later in the same month of December, and were then sent to a local bank for general distribution (near Christmas time). It appears that the reverse die was inadvertently scratched at the start of the second striking. Therefore, all 600 of these second coins (struck in 1836) should have the reverse die scratch. The 1837 mintage (but still dated 1836) consisted of another 600 coins. All of the March 1837 coins were deposited into circulation.
Estimated Value $10,000 - 14,000.
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