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

6114

1838[PS$1] Name Omitted, Judd-84 Restrike, Pollock-93, R.5, Impaired Proof, Polished, Artificially T

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1838[PS$1] Name Omitted, Judd-84 Restrike, Pollock-93, R.5, Impaired Proof, Polished, Artificially T
<B>1838<PS$1> Name Omitted, Judd-84 Restrike, Pollock-93, R.5, Impaired Proof, Polished, Artificially Toned, NCS.</B></I> Silver. Reeded Edge. Die Alignment III (head of Liberty opposite the NE of ONE; or equivalently, coin-turn with the eagle flying level). Both sides are unnaturally bright, even for a proof striking, with tinges of orange-gold and violet toning in the recesses. Classified as a "restrike," this term seems superfluous as it appears that all 1838 Dollars that exist today are restrikes. No "original" 1838 Dollar has been authenticated to our knowledge, and it is believed by some numismatists that no 1838 Dollars were actually struck in 1838. If this is correct, then all 1838 Dollars are restrikes.<BR> Of the three die cracks normally found on the reverse, only the short crack connecting the bases of the letters LAR (of DOLLAR) can be detected here with any certainty. The presence and size of these die cracks, when compared with other Gobrecht Dollars struck with the same reverse die, indicate that this piece was probably made during one of Linderman's two terms of office. Most Gobrecht Dollar restrikes are known to have been made between 1857 and 1860 (during Snowden's term of office), or from 1867 to 1869 (during Linderman's first term), or from 1873 to 1878 (during Linderman's second term as U.S. Mint Director). Even though their origin is a bit hazy, the scarcity of these 1838 Restrikes when combined with the popularity of the Gobrecht design make them sought-after numismatic commodities. <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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