The Gobrecht Dollar, minted between 1836 and 1839, holds a significant place in American numismatic history. Designed by Christian Gobrecht, this coin marked the reintroduction of the silver dollar in U.S. currency after a three-decade hiatus. Its limited mintage, artistic design, and historical importance make it a prized possession among collectors, with some specimens fetching over $250,000 at auctions.
Design and Features
The obverse of the Gobrecht Dollar features Liberty seated on a rock, holding a staff topped with a Phrygian cap, symbolizing freedom. Her right hand rests on a shield inscribed with “LIBERTY,” representing the nation’s readiness to defend its values. The reverse showcases a soaring bald eagle, reflecting the United States’ aspirations and strength. This design was a departure from previous coinage, introducing a neoclassical artistic approach that influenced subsequent U.S. coins.
Historical Context
The early 19th century saw a suspension in silver dollar production, primarily due to concerns about silver shortages and coin hoarding. In 1835, Mint Director Robert M. Patterson initiated efforts to revive the silver dollar. Engraver Christian Gobrecht was tasked with creating new designs, leading to the production of the Gobrecht Dollar. These coins were struck in limited numbers to assess public acceptance and to refine minting techniques.
Mintage and Variations
The Gobrecht Dollar was produced in small quantities between 1836 and 1839, with variations in design elements:
- 1836: Approximately 1,000 coins minted, featuring no stars on the obverse and a soaring eagle on the reverse.
- 1838-1839: Modifications included the addition of stars on the obverse and adjustments to the eagle’s orientation.
These variations contribute to the coin’s rarity and appeal among collectors.
Collectibility and Value
The Gobrecht Dollar’s limited mintage and historical significance make it highly sought after in the numismatic community. Pristine examples have commanded prices exceeding $250,000 at auctions. Factors influencing its value include the coin’s condition, specific variety, and provenance. Collectors prize the Gobrecht Dollar not only for its rarity but also for its artistic merit and place in U.S. coinage history.
| Year | Mintage | Obverse Design | Reverse Design | Notable Features |
|---|---|---|---|---|
| 1836 | ~1,000 | No stars | Soaring eagle | High relief design |
| 1838 | Limited | Stars added | Eagle orientation | Alignment variations |
| 1839 | Limited | Stars added | Eagle orientation | Alignment variations |
Authentication and Purchasing
Due to the Gobrecht Dollar’s value and the existence of restrikes and counterfeits, authentication by reputable grading services is crucial. Organizations like the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC) provide certification that verifies a coin’s authenticity and condition. Prospective buyers should seek coins with such certifications and consult with numismatic experts to ensure informed purchasing decisions.
FAQs
What is the Gobrecht Dollar?
The Gobrecht Dollar is a silver coin minted by the U.S. Mint from 1836 to 1839, designed by engraver Christian Gobrecht. It marked the return of the silver dollar denomination after a 30-year suspension.
Why is the Gobrecht Dollar significant?
Its significance lies in its role in reintroducing the silver dollar, its limited mintage, and its neoclassical design, which influenced later U.S. coinage.
How can I identify a Gobrecht Dollar?
Key identifiers include the Seated Liberty on the obverse, a soaring eagle on the reverse, and specific design elements like the presence or absence of stars and the coin’s date (1836-1839).
What affects the value of a Gobrecht Dollar?
Factors include the coin’s condition, specific variety, historical significance, and market demand. Certified coins in excellent condition typically command higher prices.
Where can I purchase a Gobrecht Dollar?
Gobrecht Dollars can be acquired through reputable coin dealers, auction houses, and numismatic shows. Ensure the coin is authenticated and certified by recognized grading services.
Understanding the Gobrecht Dollar offers insight into a pivotal era of U.S. coinage, reflecting the nation’s artistic and economic developments of the 19th century.
