1839 $1 J-104 Restrike PR (PCGS# 11446)

The March 2011 Baltimore Auction

  • Auctioneer:
    Stack's/Bowers
  • Lot Number:
    3234
  • Grade:
    PR65
  • Price:
    $92,000.00
Lot Description
Struck in silver with a reeded edge. Die Alignment III. A truly marvelous specimen, superb eye appeal combined with fame and rarity! While this variety comes on the market in lower grades with some frequency, in Gem condition as seen here, it is a true rarity and a coveted prize. The eye appeal is tremendous for a coin of this period, with handsome russet-gold spanning the surfaces, framed by a delicate rainbow of green, teal, blue and rose around the obverse rim, less so on the reverse. Such toning is likely from long storage in an album. Remarkably clean surfaces separate this Gem from the many, with handling so often an issue on early proofs. Examination finds moderate hairlines from a past wiping, but they are not deep and appear and disappear randomly when the coin is examined under a light. The strike is full and decisive virtually everywhere, particularly Liberty's curls and the eagle's feather tips. The only striking softness noted is at the first six obverse stars. The planchet shows a few tiny striations that were present prior to striking. One of the finest examples to survive of this highly coveted and majestic issue, with the eagle depicted in full flight, a bold motif created by famed artist and naturalist Titian Peale. Although hundreds of examples of Die Alignment IV likely exist, examples of Die Alignment III, as here, are of great rarity. Andrew W. Pollock accounted for a single example when he wrote his <i>United States Patterns and Related Issues</i> back in 1994, namely the specimen offered in Superior's sale of the Gilhousen Collection back in October 1973. In subsequent years a few other Die Alignment III examples have turned up at auction, but a <b>Rarity-7</b> rating would undoubtedly still be regarded as very reasonable for this elusive alignment format.<br /> &nbsp;&nbsp;&nbsp;&nbsp;Die Alignment III pieces are considered to be restrikes, minted after spring 1859 to accommodate the emerging market for numismatic rarities. This specimen sho
View the Original Auction
Photo Not Available