LOT Heritage Rare Coin Galleries  /  2004 June Long Beach Signature Sale #349 - Sessi...  / 

6113

1836[PS$1] Name on Base, Judd-60 Original, Pollock-65, R.1--Cleaned--ANACS. XF Details, Net PR30.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1836[PS$1] Name on Base, Judd-60 Original, Pollock-65, R.1--Cleaned--ANACS. XF Details, Net PR30.
<B>1836<PS$1> Name on Base, Judd-60 Original, Pollock-65, R.1--Cleaned--ANACS. XF Details, Net PR30.</B></I> Silver. Plain Edge. Die Alignment I, issue of 1836. The present variety has C. GOBRECHT F. inscribed on the base of the rock. Based on the coin's die alignment, this piece represents one of the 1,000 Gobrecht dollars that were struck in December of 1836, and are routinely called "first originals." The Gobrecht dollars made in 1836 were struck on heavy weight (416.5 grain) planchets, the standard in effect since 1794. The present coin shows the cumulative effects of wear typical of circulation, illustrating that many Gobrecht dollars actually circulated within the channels of commerce; and therefore, represent "business strikes" even though they were originally struck as proofs. The Gobrecht dollars of 1836 and 1837 were also made with a plain edge (a somewhat unique situation for U.S. coins), indicating that a reeded collar for these coins was not ready in 1836. In fact, the Mint was changing from lettered edges to reeded edges at about this time. Unlike the reeded edge half dollars made in November 1836, all Gobrecht dollars made between 1836 and 1839 were produced on a screw press. The surfaces of the present coin are untoned and are non-reflective due to cleanings that must have occurred over the last 167 years. It was a normal practice for many decades for people to occasionally clean or polish their coins. In fact, the Gobrecht dollars that reside in the Smithsonian Collection, which were acquired from the U.S. Mint Collection, have also been cleaned several times by Mint personnel. Even though all Gobrecht dollars were produced with a proof finish and are listed in the Judd and/or Pollock pattern books, it is now generally accepted that the 1,000 coins minted in 1836, the 600 made in 1837, and the 300 struck in 1839 are standard issue coins made for circulation; and therefore, are not patterns. Nevertheless, the Judd and Pollock catalog numbers for these coins are routinely supplied for technical and historical reference.<BR> The present coin represents a well circulated Gobrecht dollar that should be compatible with a introductory level or general type collection.<BR><I>From The Paulsboro Collection.</B></I> <BR><BR><B>Important notice:</B> Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid.
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