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 profiliing in this week's Market Analysis.
1839 Gobrecht dollar, Judd 104, Proof 64
The 1804 coin marked the final year of the Draped Bust design
(though the first ones with the date were struck circa 1834) and by
the mid-1830s, there was a call for new silver dollars. Mint Director
Robert Patterson called on Mint engraver Christian Gobrecht to design
a new dollar, based on designs by Philadelphia artists Thomas Sully
and Titian Peale.
COIN VALUES: How much is your Gobrecht dollar worth?
While struck in small numbers, Gobrecht dollars from 1836 to 1839
exist in sufficient quantities to allow examples to be collected as a
part of an expanded U.S. type set, and the issue is listed in A
Guide Book of United States Coins (the “Red Book”) and in
United States Pattern Coins by J. Hewitt Judd.
Pogue’s 1839 Gobrecht dollar is graded Proof 64 by Professional Coin
Grading Service. While dated 1839, this dollar was struck later as a
restrike for sale to collectors, perhaps as late as the 1870s. It is
listed as Judd 104 with Die Alignment IV and medallic alignment of the
obverse and reverse (rather than coin alignment typically seen on U.S.
coins). There have been extensive studies on these issues, and
restrikes can be distinguished from originals for this variety by the
granular texture around the eagle’s head on the reverse.
Keep reading this Market Analysis:
How much did the priciest of Pogue's Gobrecht
dollars sell for?
Gobrecht dollar part of one of hobby's most complex areas
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