LOT Old Heritage Auctions  /  2007 Signature Coin - Charlotte, NC #434  / 

2159

1838 PS$1 Name Omitted, Judd-84 Restrike, Pollock-93,

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,
<B>1838 PS$1 Name Omitted, Judd-84 Restrike, Pollock-93, R.5, PR64 NGC.</B></I> Silver. Reeded Edge. Die Alignment III (head of Liberty opposite the N in ONE). The Die Alignment III coins were likely struck in the late 1850s and never placed into circulation. These pieces show reverse die cracks at the top of MERI in AMERICA, the base of LAR in DOLLAR, and the top of TE in UNITED.<BR> The Gobrecht dollars of 1838 are somewhat confusing as the intent of their striking differs from one alignment to another. The Die Alignment IV coins, with the head of Liberty opposite the F in OF, represent originals that were struck in either 1838 or 1839. These rare coins are actually patterns. Probably fewer than 50 such pieces were ever struck. No 1838 dollars are known from Die Alignment I. Probably 250 or slightly more restrikes such as this coin were struck in Die Alignment III in the late 1850s, or during one of Henry Linderman's later tenures as mint director. We know conclusively that some of the die-cracked Die Alignment III dollars were struck in the late 1850s (or possibly later) as one coin with these cracks exists struck over an 1859 Seated dollar.<BR> This is a lovely, high grade example that shows deeply mirrored fields. The peripheral details are a bit softly defined but the centers are intricately detailed. The light hairlines that limit the coin from a PR65 grade are greatly subdued by an overlay of light gray-blue patina on each side. The dollars from 1838 are the rarest of the three dates in the Gobrecht series, and this piece represents a rare opportunity for the advanced collector.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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