1838 Gobrecht Silver Dollar. Name Removed. Cabinet Coin Restrike.

Exceptional Gem Proof 1838 Judd-85 Gobrecht Silver Dollar Ca. April 1869 Cabinet Coin Restrike with a Plain Edge 1838 Gobrecht Silver Dollar. Name Removed. Cabinet Coin Restrike. Judd-85, Pollock-94. Rarity-7+. Silver. Plain Edge. Die Alignment III. Proof-65 (PCGS). CAC. DTS Die State B. A beautifully toned, highly appealing Gem that will serve with distinction in the finest collection of silver dollars or Liberty Seated coinage. Dominant mauve-gray patina yields to gently mottled sandy-gold and antique silver tinting over much of Liberty's portrait at central obverse, as well as in the right field on that side of the coin. Both sides also exhibit kaleidoscopes of vivid underlying iridescence in golden-apricot, salmon-pink and powder blue as the surfaces rotate into direct lighting - very attractive. Fully impressed with razor sharp definition, this feature combines with the truly exceptional level of preservation to provide outstanding visual appeal. As with all known examples of Judd-85, this coin was struck in Die Alignment III, Liberty's head opposite the letter N in ONE. The eagle flies level following a normal coin turn. The dies are the same as those of Judd-84, but here the edge is plain rather than reeded. For the collector assembling a complete date set of Gobrecht dollars, the 1838 will likely prove to be the most challenging to acquire. While traditional numismatic wisdom states that a small number of originals were struck that year in Die Alignment I, modern scholarship has discounted this theory. In fact, no Die Alignment I examples of this date are known to exist. The Die Alignment I-II reverse die cup was already starting to deteriorate on late die state 1836 Gobrecht dollars, so it seems likely that the Mint simply abandoned it in favor of the Die Alignment IV cup when it came to striking the 1838 coins. An example of this issue in Die Alignment IV is part of the National Numismatic Collection in the Smithsonian Institution, suggesting that this is the alignment used to strike originals of this date. Those coins were made as patterns to illustrate the revised Gobrecht dollar design with 13 stars added to the obverse periphery and the 26 stars omitted from the reverse field. Original 1838 Gobrecht dollars were exceedingly rare in their time, as they are now, leading the Mint to create restrikes for sale to contemporary collectors. These pieces were struck in both Die Alignment III and IV with either a reeded (Judd-84) or plain (Judd-85) edge and display light cracks through some of the peripheral letters on the reverse. The present specimen was struck circa April 1869, near the end of Henry R. Linderman's first term as mint director (April 1867-May 1869), an era during which many restrikes and other numismatic delicacies are known to have been produced expressly for distribution to collectors. Mintages were not recorded as these are not regular issues, although with fewer than a dozen specimens known in two die states - all of which are in Die Alignment III - the variety now known as Judd-85 was obviously produced in small numbers. The offered coin represents DTS Die State B, the obverse die lightly polished, removing most of the rust lumps and patches from Liberty's portrait and the field, but now with a tiny crack on Liberty's left hand just below the wrist and into drapery at left. According to the gobrechtdollars.com website: This is the last use of the 1838 die. The wrist crack likely indicates a sub-surface die flaw and the die probably cracks severely during or just after this use. All examples of this Judd number were produced after the latest Judd-84 Restrikes with a reeded edge. As one of the finest certified Judd-85 specimens known to PCGS, this is an outstanding representative of one of the rarest Gobrecht dollar varieties. Provenance: Property from an Alabama Family. Earlier from Heritage's Long Beach Signature Auction of February 2013, lot 3862. PCGS Population: 2; with a single Proof-65+ finer in this category. CAC Stickered Population: unclear as, strangely, no stickering events are reported on the current online version of the CAC Population Report. PCGS# 11354. NGC ID: BLXU. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.

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