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1734

1839 Pattern Dollar. Silver Reeded J-104 PCGS PR63

Currency:USD Category:Coins & Paper Money Start Price:10,000.00 USD Estimated At:40,000.00 - 60,000.00 USD
1839 Pattern Dollar. Silver Reeded J-104 PCGS PR63
A lovely milky gray toned example of the Restrike version of this rare 1839 issue. The fields are swirling with glassy mirrors while all devices, even the tiny stars, are perfect impressions left by the coining dies. Only 300 1839 dollars were reported to have been made in 1839, and an unknown number of restrikes thereafter, possibly around 1857 to meet collector demand at that time. All of the 1839 dollars made in 1839 are believed to have been deposited into the U.S. banking system. Therefore, by default, the Gobrecht dollars issued in 1839 are regular issue coins (even though they were struck in Proof quality) and not Patterns (even though they were given Judd and Pollock numbers in the Pattern reference books). The present coin is an attractive specimen that will fill its new owner with a prideful air of accomplishment. Hours of enjoyment and study are sure to follow. 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 issue coins, and therefore not patterns. The only real Gobrecht dollar pattern coins are the Judd-58 (name below base) and the Judd-84 (1838 dollar). Gobrecht dollars lived a brief, 3-year span with two different "types" of coins. The first type consists of the issue of 1839 with the no-star obverse, while 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. Considered a rarity today, the 1839 Gobrechts are in fact rarer than 1794 dollars!
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