LOT Old Heritage Auctions  /  2007 Sept. Long Beach Signature Coin Auction  / 

1903

1836 P$1 Name Below Base, Judd-58 Restrike,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:3,250.00 USD Estimated At:1.00 - 1,000,000.00 USD
1836 P$1 Name Below Base, Judd-58 Restrike,
<B>1836 P$1 Name Below Base, Judd-58 Restrike, Pollock-61, R.6(?)--Improperly Cleaned--NCS. Proof.</B></I> Silver. Die Alignment III: Center of Liberty's head opposite N in ONE. While not numerically graded, we grade the coin PR60. As with all Gobrecht dollars, the Judd-58 is an issue that is not without controversy. There are competing theories but they generally resolve into one question: Were there any Original Name Below Base coins struck, or all they all Restrikes? <BR> It is our belief, based on the recent research by Mike Carboneau, Jim Gray, Saul Teichman, and John Dannreuther, that no Originals are known. This conclusion is based on the fact that no examples have been seen to date that do not have extensive die cracks around the reverse periphery. One coin has been certified by PCGS as an Original in the VG-VF grade range, but it is widely believed this is a mistaken attribution. <BR> The Die Alignment III coins all have well-developed reverse die cracks. More so than those seen on the Die Alignment IV, which are fainter and not as well developed. Which leads one to the conclusion that DA IV coins were struck before the DA III pieces. The development of these die cracks on Judd-58s compared to other DA III Gobrecht dollars has led the above-mentioned researchers to conclude that the Name Below Base dollars were struck in the 1860s. <BR> The story about "the conceited German" (C. GOBRECHT F.) placing his name on the coin is traceable to Edward Cogan in 1867. Since the Name Below Base coins were not struck until the 1860s, this has been recently regarded as a coin dealer fiction. However, there may be some truth to the story. It could refer to the 1836-dated dollars with Gobrecht's name on the base. Subsequent issues from 1838 and 1839 show that C. GOBRECT F. was effaced from the die, with faint "ghosts" of several letters remaining on the 1839 coins. This effacement was just recently discovered (at the ANA) by John Dannreuther. <BR> The fields are deeply mirrored with evidence of crisscrossing hairlines on each side. Mostly brilliant, there is just a hint of light golden toning around the margins. Fully struck in all areas, including Liberty's foot. To underscore the rarity of the Judd-58, our Permanent Auction Archives records only 21 auction appearances in all grades over the past 12 years. This is out of a total of 26 coins certified by both of the major services in grades from PR25 to PR66. This classic American rarity is so elusive that no examples are known in the Smithsonian. <BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot