1838 $1 J-84, Gobrecht Restrike PR(PCGS#11352)

The Regency Auction 43

拍卖行

Legend Rare Coin Auctions

批号

340

等级

PR65

价格

947,905

详细说明

This AMAZING GEM is tied for FINEST KNOWN of this incredibly important pattern dollar. The 1838 Gobrecht Dollar has always been a major rarity and very popular issue. The restrike J-84s are listed as Rarity-5 with an estimated mintage of 31-75 pieces. Struck in Die Alignment III, like the majority of the known examples. For the design, the obverse has Gobrecht’s name removed from the rocky base although faint traces remain when closely examined. The obverse now has thirteen stars surrounding Liberty, representing the original colonies, and the eagle flies level in an open field surrounded by legends and the denomination below. The present coin's visual affect is absolutely magnificent! To say this is a beautiful coin is a vast understatement, as this is a coin any numismatist will always love and treasure for both its quality and toning. The brilliantly mirrored fields are about perfect with intense reflection that beams through a classic palette of greenish-blue shades on both sides. The reflection is deep and bold, especially when reviewed under a light. Twirl this GEM around and the colors burst beautifully. The strike is bold throughout, bringing Christian Gobrecht's stunning design to life. Over the years, many different theories surrounding the many variations of Gobrecht dollars have been offered. Extensive research has been done on this particular issue to determine where it was produced in relation to the other Gobrecht Pattern Dollars. Two major beliefs have developed. One camp of experts (Walter Breen and Robert Julian) believe that the die alignment I pieces were the originals, followed by die alignment IV and III being the Restrikes of the J-84 pattern. Another camp (John Dannreuther, Craig Sholley, Saul Teichman, Jim Gray and Mike Carboneau) believe the originals were first struck in die alignment IV. Research continues, and with each passing year, further examination of these rare coins sheds a little more light with each opportunity to compare different pieces. One famous example of this pattern in the Simpson Collection shows clearly the undertype of an 1859 silver dollar being used to strike the 1838 J-84 Pattern! Part of the fun of owning these coins is the potential to help discover new pieces in the puzzle. PCGS CoinFacts enumerates the following examples in PCGS PR65: The Amon Carter; TradeDollarNut; Simpson Collection example; The Blue Moon Collection coin, sold Stack's Bowers March 2017; The Ed Rector Collection coin, last sold at the 2018 ANA Auction; The Bruce Morelan Collection coin. This piece which went unsold in our Regency Auction XVI, February 2016; selling for $146,875 in our special October Regency Event: Exclusively Legend auction, lot 43 to our current consignor Tracing the prior provenance of this GEM has proved to be quite a challenge. It is not the Garrett, Virgil Brand, or Eliasberg example. Perhaps the next owner will endeavor to trace its provenance back.; The example that sold in August 2009 Bowers & Merena, lot 1699 for $126,500. The Norweb-Gardner Coin was graded NGC PR65, and realized a record for the variety when it sold in April 2008 for $149,500. PCGS 6, NGC 2, CAC 2. This coin sold for $146,875 in our October 2019 Exclusively Legend Regency Event. The present consignor purchased this stunning coin from that auction. He has begun to pare down his holdings making this incredible rarity available again. The current PCGS Price Guide value is listed at $150,000. Now is the time to put this coin away, as it is truly one of the greatest examples of the enigmatic Gobrecht dollar type, 1836-1839. A classic American numismatic treasure that is truly Museum Quality. Bid accordingly. Cert. Number 16141287 PCGS # 11352.00