I was fortunate to be able to acquire this coin. This is a well known coin, so before you go look it up on the internet (I have linked the coin's certification details below), take a minute to examine it and give your thoughts on the grade so that we can continue the grading fun in this great forum. If you run into the coin, or click on the link below, please do not reveal the grade so that others can also weigh-in unencumbered by the TPG
opinion. Thanks in advance. 1836 P$1 Name on Base, Judd-60 Original, Pollock-65, R-1. Ex: Harry W. Bass, Jr. Collection.
Silver. Plain Edge. Die Alignment I (center of Liberty's head is opposite the DO in DOLLAR). Die State B. The only visible defects are die chips in the dentils above the final A in AMERICA."Only 1000 of these dollars were stamped: they are, therefore, rarely met with." - Dr. John L. Riddell, A Monograph of the Silver Dollar, Good and Bad, 1845
The 1836 Gobrecht dollars
are listed as patterns in all the standard references, but the coins were distributed commercially and should be considered circulating coinage. Contemporary evidence for this conclusion comes from Mint Director James Ross Snowden, who listed these coins among the regular issues in his 1860-dated monograph A Description of Ancient and Modern Coins in the Cabinet Collection at the Mint of the United States. The 1836 Gobrecht dollars
are known in four different die alignments, both with and without stars on the reverse, and with the designer's name both on the base or in the field. Some of these issues are Originals and some are Restrikes, produced in later years. USPatterns.com considers the 1836 Name on Base Gobrecht dollars
in Die Alignment I with the Starry Reverse as Originals, struck and distributed in December 1836.
The well-preserved surfaces of this spectacular coin are toned in attractive shades of silver-gray and golden-rose. Razor-sharp definition is evident on all design elements, even on the foot of Liberty. The fields are moderately reflective, as expected on Judd-60 Original dollars.
Harry Bass Jr.'s coin collection was better known for its U.S. gold examples that were on display from 2001 through 2022 at the ANA
Money Museum in Colorado Springs after he passed away in 1998. He was an oil magnate, a political patron and a developer of ski resorts in Aspen, Vail and Beaver Creek in Colorado. At one time he is believed to have held a third of his net worth in his coin collection. The foundation that manages his collection is in the process of selling a large part of his collection in 2022 to support its core mission of helping non-profit organizations in the areas of youth and education with a focus on early childhood literacy. Happy to contribute to his legacy in support of these goals and steward a small part of his numismatic legacy into the future.Ex: W.E. Leistner of New York Collection (Glendining's, 10/1970), lot 794; Mike Brownlee and John Rowe; Harry W. Bass, Jr. purchased this coin on 11/2/1970; Harry Bass Core Collection HBCC #6005.
From The Harry W. Bass, Jr. Core Collection, Part I.
Coin Index Numbers: ( NGC
ID# BLWT, PCGS# 11225)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
View Certification Details from PCGShttps://www.PCGS.com/cert/46092739
Since dollar production was suspended in 1804, the silver dollar denomination had become unfamiliar in commerce in the decades preceding 1836, though Spanish 8 reales and other world coins of silver dollar size continued to circulate throughout the United States. In 1831, when the tide of bullion outflows to the Far East began to make the market for a domestically circulating dollar coin possible again, the ban on dollar production was lifted and the possibility of a dollar coin was reconsidered. With engraver William Kneass
in poor health, the Mint was forced to wait until after the June 1835 appointment of Christian Gobrecht
as assistant or "second" engraver. Gobrecht received design assistance from two of America's best known painters, Thomas Sully
, who offered sketches of a seated figure of Liberty with cap and pole, and Titian Peale, who submitted several sketches of a "naturalistic eagle" whose flight was described by Mint Director Robert M. Patterson as "like the country of which it is the emblem, its course onward and upward." Gobrecht refined Sully's concept for the obverse and Peale's concept for the reverse, to which he added 26 stars, 13 large ones for the original colonies and 13 smaller ones for subsequent states, apparently anticipating the January 1837 entry of Michigan to the Union.
Dating Gobrecht dollars
hinges upon their die alignment and die state. This example is struck in Die Alignment I, standard coin turn with the eagle pointing upward, marking it as an original striking from late 1836. The head of Liberty is opposite DO of DOLLAR. In this alignment, the pellet preceding ONE, on the left side of the reverse, is on a slightly lower plane than the pellet following DOLLAR on the right side of the reverse. The die state is equivalent to Dannreuther-Teichman-Sholley State H, showing the peripheral die markers located on the rim and among the denticles, and displaying a die scratch through O of ONE.
Long considered a pattern, modern numismatists recognize that the 1,000 Gobrecht dollars
struck before December 31, 1836 were coined to serve in circulation. The Mint even conducted something of a press campaign on the new coin, as descriptions of "a new dollar of our own Mint" were published in New York as early as December 15, 1836, and spread nationwide over the course of the following month. Though 1836 Gobrecht dollars
are called Proofs today because of their reflective surfaces, only a small group were set aside for presentation, including the example Mint Director Robert M. Patterson donated to the American Philosophical Society on December 16, 1836, and a small group purchased by President Andrew Jackson, one of which was offered most recently in 2002. The Korein-47 specimen at the American Numismatic Society
has been called the "one true Proof" by John Dannreuther, Saul Teichman, and Craig Sholley. Most examples show significant wear, and gems are extremely rare.