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September 07 , 2015

COIN OF THE WEEK

Striking J-60 Restrike, 1836 Gobrecht Silver $1 Pattern PCGS PR64 - $52,500.
Click on Coin Image to enlarge


Judd-60 Restrike. Just 1 graded higher at PCGS. Although we have listed it here in the pattern section, and this coin is listed in both Judd and Pollock books as well, this in fact is a regular issue. Because of numismatic tradition we and many others have left this coin in the pattern section, where it was placed so many years ago.

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

Much has been written about the Gobrecht dollars in recent times. As a result, the status of both originals and restrikes of several issues has been disputed, and sometimes altered as well. PCGS has listed this particular coin as a restrike in the slab, because of the die alignment III, identified by the eagle on the reverse. On the originals, the eagle is flying to the left and upward. On restrikes, such as this piece, the eagle is flying level to the left.

The originals of this particular design were minted in late 1836 and early 1836. A total of 1,000 coins were made, which were all struck in Proof format. However, recent research has concluded that they were actually struck for circulation, and many coins ended up there. Examples are available in all grades, from low circulated grades to pristine Proof uncirculated, indicating that pieces indeed circulated for sometime as the first Silver dollars produced since 1804.

Gobrecht dollars have been extremely popular since they were minted, and this was also the reason restrikes such as this piece were created in the 1860’s and 1870’s. Often made for the profit of private Mint employees, collectors bought a large number of examples, altering the rarity of many pattern and regular Proof issues. However, because of this, examples like the present dollar are available to collectors, and many issues are very popular.

The coin is very original, with wholesome grey-green color showing on both sides. The strike is extremely strong, with mirrored fields showing under the subdued toning. No major hits are seen on either side, even under strong magnification. A great coin which is sure to please any collector looking for an original example of this popular issue.


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ADDITION NEW COINS ADDED - (Week of 9/07/2015)

1874 Liberty Seated 25C NGC PR65. Arrows

1871 Liberty Seated 25C PCGS MS65. With Motto. Satin White

1865 Liberty Seated 25C NGC PR65 CAM. No Motto. Gem White Cameo

1914 Barber 25C NGC PR68. Fabulous color

1906 Barber 25C NGC PR68. Gem White Proof

1914 Barber 25C NGC MS67. Sole Finest graded at NGC

1876-CC Liberty Seated 25C NGC MS66. With Motto


Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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