Two rare 1792 patterns led bidding at Heritage’s April 27 to May 1
auctions during the Central States Numismatic Society 77th annual
convention in Schaumburg, Ill., with one nearly hitting the $1 million
mark. At $22.3 million, the total for the U.S. coin portion of the
sale fell below totals of the last few years, but many exciting
rarities still traded hands in Chicagoland.
Here is one of three that caught my eye and are the focus of this
week's Market Analysis.
1836 gold dollar pattern, Proof 66+
The small-sized gold dollar was first struck for circulation in
1849, but prior to its issuance, gold dollar patterns were struck 13
years earlier. The 1836 gold dollar pattern shows the influence of
contemporary Mexican coins with Christian Gobrecht’s design showing a
Liberty cap on the obverse with rays emanating and a simple design
with the denomination in a wreath on the reverse.
Documentation has placed the striking of these patterns, listed as
Judd 67 in the series reference, to before March 14, 1836. Some think
that the patterns tested the Mint’s ability to compete with the
privately issued Bechtler dollars produced in the South that enjoyed
wide acceptance in that region. With perhaps 30 to 40 examples of the
pattern known today (though restrikes exist), the issue remains
popular as the first gold pattern produced by the U.S. Mint.
The example offered at CSNS is graded Proof 66+ by Professional Coin
Grading Service and sold for $28,200.
Keep reading this Market Analysis:
Vivid toning, dramatic contrast on Proof 1951
'Visually intriguing' double-denomination error
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