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Consensus High grade Gobrecht Dollars ... are they undervalued?

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  • oldabeintxoldabeintx Posts: 1,914 ✭✭✭✭✭

    My type set is loosely defined and very broad. I just checked the auction results for PR grades below 64. As long as I have a SM Eagle half $ on the list I may as well add the two registry proofs to the "long term" want list.

  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • RayboRaybo Posts: 5,314 ✭✭✭✭✭

    Anyone with "No Stars" images?
    Please!

  • BearlyHereBearlyHere Posts: 279 ✭✭✭✭

    no

  • WalkerfanWalkerfan Posts: 9,297 ✭✭✭✭✭

    I agree. Gobrecht dollar has always been my favorite coin.

    No stars obverse with eagle flying among stars reverse is my favorite variety.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭
    edited February 7, 2021 1:35PM

    My favorite Gobrecht Dollar is the Carter-Morelan-Simpson 1838 which is a restrike of a pattern. The original 1838 is an amazing pattern coin with only 2 known specimens, the Smithsonian specimen and the Dr. Lewis Roper specimen. Are any other specimens known? Anyone know where the Roper specimen today? With originals being so rare, it's nice that restrikes are available.

    Jeff Garrett wrote:

    Pattern Issues

    This issue was struck in very limited numbers and is considered a pattern. The 1838 original Gobrecht silver dollars are among the rarest struck from 1836 to 1839. All examples known are Proofs and are generally seen in high grade. Only 20 to 30 examples are known and I know of only a single Original–the Smithsonian example–although there have to be others, as the 1851 Roper sale had one.

    1838 Gobrecht Dollar - J-84 Pattern Restrike - Amon Carter, Bruce Morelan, Bob Simpson

  • truebloodtrueblood Posts: 609 ✭✭✭✭

    Boy are these gorgeous pieces

  • cameonut2011cameonut2011 Posts: 10,167 ✭✭✭✭✭

    @tradedollarnut said:
    My favorite design. I’ve done two sets of them. Unfortunately many think they are patterns and not rare regular issue dollars. Amazing coins

    That's probably one reason the prices are lower than one might otherwise expect.

  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭
    edited February 8, 2021 1:37AM

    One thing that may be either holding the series back or having prices at the right level, depending on how you see it, is that some of the most impressive coins are not circulation coins, but restrikes, patterns and restrikes of patterns.

    In addition to my favorite pattern restrike coin I posted above, the two beautiful coins posted by @boiler78 are a restrike and a pattern restrike.

    They are beautiful and I would love to have them, but neither is a circulation strike, which is being held up as reasoning for deserving of higher price levels.

    1836 Gobrecht Dollar - J-58 Restrike - Henry & Emery Norweb, Andy Lustig, Brent Pogue

    • https://www.pcgs.com/cert/32709115
    • CoinFacts Provenance: James B. Wilson Collection - Thomas Elder 10/1908:934 - Albert Holden Collection - Norweb Collection - Bowers & Merena 11/1988:3773, $82,500 - Walt Hood Collection - Andy Lustig Collection - Superior Galleries 5/1991:703 - Larry Hanks, sold privately in 11/2004 - D. Brent Pogue Collection - Stack's/Bowers & Sotheby's 5/2016:4022, $129,250

    1838 Gobrect Dollar - J-84 Pattern Restrike - Virgil Brand, Brent Pogue

  • bidaskbidask Posts: 14,017 ✭✭✭✭✭

    I preferred a coin struck for circulation and that is the coin I purchased .......just me. :)

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭
    edited February 7, 2021 9:07PM

    @bidask said:
    I preferred a coin struck for circulation and that is the coin I purchased .......just me. :)

    Another interesting thing about this series is that the coin you posted is a proof as is all the 1836 original strikes. So while it's evident that some did circulate, the fact that all 1836 original strikes are proofs begs the question of whether they were "struck for circulation", or were circulated due to some other circumstances? It's something I still don't understand.

  • boiler78boiler78 Posts: 3,057 ✭✭✭✭✭

    Here is the original from my Gobrecht set......... I've only seen 5-6 originals that I thought had attractive eye appeal and this is one of them. The coin is more attractive in hand.

  • BillJonesBillJones Posts: 33,964 ✭✭✭✭✭

    I have owned two Gobrecht Dollars. This one, which is alignment 4 restrike, was in an NGC PR-60 holder. I bought it raw at one of the ANA Shows in the 1980s.


    This one is an original strike, alignment 1 piece. It is in a PCGS PR-62 CAC holder.


    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • CatbertCatbert Posts: 7,123 ✭✭✭✭✭

    Such a dream coin to own.

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • dcarrdcarr Posts: 8,447 ✭✭✭✭✭

    @abcde12345 said:
    Did Daniel Carr mint one of these? If not, it might be a neat future project.

    The closest that I have come, so far, is the Liberty Seated Collectors Club medal.

  • abcde12345abcde12345 Posts: 3,404 ✭✭✭✭✭

    @dcarr said:

    @abcde12345 said:
    Did Daniel Carr mint one of these? If not, it might be a neat future project.

    The closest that I have come, so far, is the Liberty Seated Collectors Club medal.

    In two years it will be their 50th anniversary. I can't wait what you will design for them then!

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