LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

2940

1839 P$1 Name Omitted, Judd-104 Original,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:32,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1839 P$1 Name Omitted, Judd-104 Original,
<B>1839 P$1 Name Removed, Judd-104 Original, Pollock-116, R.3, PR63 PCGS.</B></I> Silver. Reeded Edge. Die Alignment IV, "original" issue of 1839. The head of Liberty is nearly opposite the F in OF, and therefore is in Die Alignment IV orientation. This coin has been identified by PCGS as an "original"; that is, a coin that was made in 1839. This new classification methodology adopted by PCGS is consistent with the latest information published in the Red Book. However, not all Die Alignment IV coins are originals, but all originals are in Die Alignment IV. Those coins that exhibit a microscopic die break through the top of MERI are normally associated with restrikes (including both Die Alignment III and IV coins). Likewise, those coins in Die Alignment IV with a perfect (uncracked) reverse die are believed to be the originals from 1839 (and are usually found in low grades). <BR> Only 300 1839 dollars were reported to have been made in 1839, and an unknown number of restrikes were struck after 1857 to meet collector demand at that time. All of the 1839 dollars made in 1839 are thought to have been deposited into the U.S. banking system. Therefore, by default, the Gobrecht dollars issued 1839 dollars are regular issued coins (even though they were struck in proof format). As previously noted, all Gobrecht dollars are assigned Judd numbers, suggesting that these coins are patterns. However, this conclusion is not correct. In fact, the Gobrecht dollars made in 1836, 1837, and 1839 are regular-issued coins, and therefore are not patterns. Nevertheless, for historical reasons, it appears that these coins will continue to be incorrectly identified as patterns. The only real Gobrecht dollar pattern coins are the Judd-58 (Name Below Base) and the Judd-84 (1838 dollar). Gobrecht dollars represent a short, three-year series, with two different "types" of coins. The first type consists of the issue of 1836 with the no-star obverse design, and the second type includes the 1838 and 1839 dollars with obverse stars but no reverse stars. Another interesting observation is that Gobrecht dollars are the only proof coins intentionally made for general distribution. <BR> Gobrecht dollars are one of the most fascinating and yet confusing series of silver dollars ever made by the U.S. Mint. Since only a small number of 1839 dollars exist today, very few coin collectors will ever own an 1839 Gobrecht dollar. The present coin is attractively toned on both sides with subtle gray, golden, and lilac iridescence and strong reflectivity in the fields. The devices also exhibit a full strike on each side, including full definition on Liberty's foot. The current coin certainty represents a high grade example that should please most collectors and fit nicely into any high grade collection that includes U.S. dollars.<BR><I>From The Madison Collection.</B></I><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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