While the finest known 1804 Draped Bust silver dollar was anticipated
to be the star among the silver dollars offered in Stack’s Bowers
Galleries and Sotheby’s fourth auction of the D. Brent Pogue
Collection on May 24, that dollar stayed with Pogue despite a bidder
willing to pay $10,575,000 for it.
Finding new homes were Pogue’s four Gobrecht dollars from 1836 to
1839. Each exceptional and beautiful, the four dollars offered bidders
a capsule summary of this specialized collecting area in which new
discoveries continue to be made by diligent researchers.
Here is one of three that we're profiling in this week's Market Analysis.
1836 Gobrecht dollar, Judd 58, Proof 65+
The most expensive of the four Gobrecht dollars offered in Pogue IV
was this 1836 dollar graded Proof 65+ by PCGS that brought $129,250.
The coin is listed as Judd 58, and Gobrecht’s name is prominently seen
below the base of his Seated Liberty design. The piece shows a coin
turn alignment and a reeded edge.
COIN VALUES: How much is your Gobrecht dollar worth?
The description adds, “Though the obverse [die] still appears fresh
and new, the reverse [die] is cracked and nearing the end of its
useful existence. A long crack connects the tops of NITED STATES O,
while a more delicate crack joins the bases of OLLA in DOLLAR. A very
light crack crosses the denticles above OF AME, and a short spur of a
crack extends from the wing pointing at O of OF.”
Modern research shows that the dies were likely created in 1858,
using the central device punch from Judd 60, called the Name on Base
type, from which Gobrecht’s name had been effaced before it was used
later for restrikes.
Keep reading this Market Analysis:
Although struck in small numbers, the 1839
Gobrecht dollar is very collectible
1838 Gobrecht dollar part of one of hobby's most
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