1836 $1 J-60 Original, Medal Alignment PR(PCGS#11226)

November 2019 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

3097

等级

PR53

价格

84,405

详细说明

Classic 1836 Name on Base Gobrecht Dollar An Original Striking in Die Alignment II 1836 Gobrecht Silver Dollar. Name on Base. Judd-60 Original, Pollock-65. Rarity-1. Silver. Plain Edge. Die Alignment II. Proof-53 (PCGS). This deeply toned example is dressed in a bold blend of steel and charcoal gray, direct lighting also calling forth iridescent multicolored highlights on the obverse. The same viewing angles reveal appreciable remnants of a satin to modestly semi-reflective finish, the devices retaining sharp to full definition over all but the highest points of the design. Overall smooth in hand, and sure to appeal to the advanced collector who appreciates richly toned silver. The historic 1836 Name on Base Gobrecht dollar is the first issue of this denomination produced for circulation since 1804 (from 1803-dated dies). The Mint used only a single pair of dies to strike 1,000 examples in December 1836, the coins delivered in two batches: 400 pieces for distribution to the public and 600 for distribution into commercial channels through local Philadelphia banks. Mint personnel experienced considerable difficulty in production of this issue. Either the feed fingers for the planchets were improperly designed, or the coiners used feed fingers intended for half dollar production. In either case, the feed fingers kept slamming into the reverse die during coinage, forcing Mint personnel to deliberately rotate the dies and adjust the feed mechanism in an effort to solve the problem. This tinkering explains the three different die alignments for originals of this variety (I, II and IV), as well as the tiny nicks seen around the reverse rim through the various die states. Unfortunately the PCGS holder prevents us from examining key portions of the reverse rim and, while we can confirm the existence of a tiny die chip in the denticles outside the final letter A in AMERICA, we are unable to determine the exact DTS Die State of this coin as the presence of rim nicks can neither be confirmed nor denied. As the most frequently encountered Gobrecht dollar in today's market, the popularity of the 1836 Name on Base issue for advanced type purposes knows no bounds. Survivors from the paltry mintage of 1,000 pieces are understandably scarce in an absolute sense, and they are rare relative to the demand that they enjoy. Provenance: From the E. Horatio Morgan Collection. Earlier from Superior's Buddy Ebsen Collection sale, May-June 1987, lot 1932. PCGS# 11226. Click here for certification details from PCGS.