The Gobrecht Dollar, minted between 1836 and 1839, stands as a testament to the United States Mint’s artistic and technical evolution. Designed by Christian Gobrecht, this silver dollar is a coveted piece among collectors, with pristine examples fetching up to $250,000 at auctions.
Historical Context
After a hiatus in silver dollar production post-1804, the U.S. Mint sought to reintroduce the denomination in the 1830s. Under Mint Director Robert M. Patterson’s leadership, Christian Gobrecht, the third Chief Engraver, was commissioned to design the new dollar. The result was a coin that not only facilitated commerce but also showcased the nation’s artistic aspirations.
Design Details
- Obverse: Features Liberty seated on a rock, holding a staff with a liberty cap, symbolizing freedom. Her other hand rests on a shield inscribed with “LIBERTY.” This neoclassical design reflects America’s ideals of independence and strength.
- Reverse: Depicts a soaring bald eagle, representing the nation’s ambition. The design varies between years, with some versions showing the eagle flying upwards and others depicting it soaring horizontally. The inscriptions “UNITED STATES OF AMERICA” and “ONE DOLLAR” encircle the eagle.
Mintage and Varieties
The Gobrecht Dollar was produced in limited quantities, with variations across different years:
| Year | Mintage | Notable Varieties |
|---|---|---|
| 1836 | 1,600 | Name on base; starry reverse; plain edge; Die Alignments I, II, IV |
| 1838 | 100 | Name omitted; no stars on reverse; reeded edge; Die Alignments II, III, IV |
| 1839 | 300 | Name omitted; no stars on reverse; reeded edge; Die Alignments II, III, IV |
Note: Die alignments refer to the orientation of the obverse and reverse designs relative to each other.
Rarity and Value
The limited mintage and historical significance of the Gobrecht Dollar contribute to its high value. Prices vary based on condition, rarity of specific varieties, and market demand. Pristine examples can command prices up to $250,000.
Collecting the Gobrecht Dollar
For numismatists, the Gobrecht Dollar represents a pinnacle of U.S. coinage. Its intricate design, historical context, and rarity make it a centerpiece in any collection. When acquiring a Gobrecht Dollar, it’s essential to verify its authenticity and understand its specific variety, as these factors significantly influence its value.
The Gobrecht Dollar is more than just a coin; it’s a piece of American history encapsulated in silver. Its brief mintage period, combined with its artistic design and historical significance, makes it a treasured artifact in the numismatic world. For collectors, owning a Gobrecht Dollar is akin to holding a tangible piece of the nation’s past.
FAQs
Why is the Gobrecht Dollar so valuable?
Its limited mintage, historical significance, and intricate design contribute to its high value among collectors.
How can I verify the authenticity of a Gobrecht Dollar?
Consult reputable coin grading services and seek expert opinions to ensure authenticity.
What are die alignments in the context of the Gobrecht Dollar?
Die alignments refer to the orientation of the obverse and reverse designs relative to each other, affecting the coin’s variety and value.
