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August 03 , 2015

COIN OF THE WEEK

Gem 1857 Liberty Seated Silver $1 PCGS PR65 CAC - $49,500.
Click on Coin Image to enlarge


1857 Liberty Seated Silver $1 PCGS PR65 CAC. A wonder Gem. Only 50 struck. In its population report PCGS shows 2 in MS65, just 1 higher at PCGS. CACs population shows 2 in MS65.

Please contact me by email or telephone 1-941-291-2156 to reserve this great coin.

Christian Gobrecht designed the Seated Liberty dollar. The obverse depicts Liberty seated looking over her shoulder to the left. She balances the Union Shield inscribed LIBERTY with her right hand and holds a staff on which is placed a Phrygian cap in her left. There are seven stars to the left and six to the right interrupted by her head and the capped pole. The date is below. The reverse shows the heraldic eagle looking left. It is surrounded by the required inscription and the denomination written as ONE DOL. below. Dentils are around the periphery of both sides of the coin.

Christian Gobrecht became the third Chief Engraver at the United States Mint. He was born in Hanover, Pennsylvania in 1785. His father was a German immigrant, and his mother traced her ancestry to the early settlers of Plymouth, Massachusetts. Gobrecht married Mary Hewes in 1818. One of his early positions was as an engraver of clocks in Baltimore. Later he went to Philadelphia where he became a banknote engraver. He invented a machine that allowed one to convert a three-dimensional medal into an illustration.

This was an excellent job and Gobrecht was understandably reluctant to work for the Mint for less money than he was making at the engraving firm. In order to persuade him to leave, Mint Director Robert Patterson prevailed upon Chief Engraver William Kneass, who had had a stroke, to take less in salary so more money would be available to hire Gobrecht on a permanent basis. In 1826 Gobrecht did his first work for the Mint as an assistant to Kneass. After Kneass’ stroke, Gobrecht did all the die and pattern work for the Mint. He became Chief Engraver in 1840 and served until his death in 1844. He was famous for his Liberty Seated motif which was used for all denominations of silver coinage including the half-dime, dime, quarter dollar, half dollar and silver dollar. He also designed the Liberty Head gold eagle, a motif that was also used on the half-cent, the cent, the gold quarter eagle, and the gold half eagle.


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ADDITION NEW COINS ADDED - (Week of 8/03/2015)

1882 Shield 5C NGC PR68. GEM PROOF

1870 Shield 5C PCGS MS66. A SATIN GEM

1867 Shield 5C NGC MS66. WITH RAYS

1890 Liberty Seated 10C NGC PR68 UCAM. GEM WHITE DEEP CAMEO

1856 Liberty Seated 10C NGC PR66 CAM. EST 40-60 STRUCK

1858 Liberty Seated 10C PCGS PR66 CAC. FABULOUS GEM

1903 Barber 10C Mint Error Broadstruck NGC MS62

1901 Indian 1C Mint Error 15% off Center NGC MS64 BN

1976MW Poland S100Z Kazimierz Pulaski NGC PR68 UCAM

1849 Pattern Double Eagle, Smithsonian Collection Private Issue Struck 2013

1979-P SBA $1 - Susan B. Anthony Dollar Mint Error, Struck 10% Off Center, NGC MS65

1871 3CS NGC PF67. Only one coin graded higher

1873 Indian 1 Cent PCGS MS65 RD. Closed 3. Gem Red


Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Phone:
1-941-291-2156
Email: TomPilitowski@yahoo.com


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