The Gobrecht dollar was the first silver dollar struck for circulation by the United States Mint since production of that denomination was officially halted in 1806. The coin was struck in small numbers to determine whether the reintroduced silver dollar would be well received by the public. In the 1850s, Mint officials controversially re-struck the coins without authorization.
About Gobrecht dollar in brief
The Gobrecht dollar, minted from 1836 to 1839, was the first silver dollar struck for circulation by the United States Mint since production of that denomination was officially halted in 1806. The coin was struck in small numbers to determine whether the reintroduced silver dollar would be well received by the public. The first silver dollars struck by the U.S. Mint were minted in 1794. In 1804, the Mint unofficially ended production of silver dollars because many of the coins produced since that denomination had first been struck in 17 94 were exported for their silver content to Eastern Asia, especially Canton. In the 1850s, Mint officials controversially re-struck the coins without authorization. The coins were predated to prevent coin collectors from becoming angered when they would be unable to obtain the newly dated coins, which were struck in very small numbers. It is unknown precisely how many 1804 dollars were struck, though eight are known to be extant. Later, in 1835,. Mint officials began preparations for a series of silver. dollars which, unlike the 1804 dollar, were intended to enter circulation in order to determine. whether the denomination would be.
well received. In June 1835, Director Samuel Moore resigned his post as director, and was replaced by Robert M. Patterson. Shortly thereafter, Patterson approached two well-known Philadelphia artists, Titian Peale and Thomas Sully, to create a design that would be used to overhaul most of the American coins then in production. After the designs were created and trials struck, production of the working dies began in September 1836. In January 1837, the legal standard for the percentage of precious metal in silver coins was changed from 89. 2% to 90%, and the Gob recht dollars struck after that point reflect this change. In total, 1,900 Gobrechts were struck during the official production run. The Seated Liberty dollar, which utilized the same obverse design as the Gobrechy dollar, began mintage in 1840. The Mint received complaints regarding the prominent placement of Gobreacht’s name on the dollar, and the design was modified to incorporate his name in a less conspicuous position. In a letter dated August 1, 18 35, Patterson proposed that the seated Liberty figure for the obverse, in a sitting posture, should be in a pile of 1,000 coins.
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This page is based on the article Gobrecht dollar published in Wikipedia (as of Nov. 10, 2020) and was automatically summarized using artificial intelligence.
