Lot 1331
1839 Pattern Dollar. Silver, reeded edge. Reeded Edge. Rarity 3. NGC Proof AU Details. Reverse spot removed. Attractive antique toning with some iridescense about the borders on both sides. Gobrecht dollars are always in demand. Gobrecht Dollars are among the most beautiful (and challenging) series in U.S. numismatics to study. It so happens, the 1839 is one of the more enigmatic of these. Most extant 1839 Gobrecht Dollars, whether they are originals from 1839 or restrikes from later decades, were struck in Die Alignment IV. (No 1839 Gobrecht Dollars struck in Die Alignment I apparently.) The 2005 Guide Book states that 300 1839 Gobrecht Dollars were delivered that year for use in circulation. These coins were struck from perfect dies in Die Alignment IV, and most survivors are worn and/or impaired from use in the avenues of commerce. We do not know how many restrike 1839 Gobrecht Dollars were prepared in later decades, these usually show a die crack between the letters of AMERICA, but an estimate of 200 pieces seems reasonable. Unlike survivors of the 300-piece original delivery, restrikes of this issue tend to be in high grades. This should come as no surprise since the latter specimens were prepared expressly for sale to collectors (PCGS # 11446) .
Estimated Value $17,000 - 18,000.
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