1796 $1 B-5 BB-65 Lg Dt Sm Lt MS (PCGS# 40002)

The August 2013 Chicago ANA World's Fair of Money

  • Auctioneer:
    Stack's Bowers
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Lot Description
1796 Draped Bust Silver Dollar. B-5, BB-65. Rarity-4. BB Die State II. Large Date, Small Letters. AU-55 (PCGS). This die pairing is plentiful in lower grades but quite difficult to find in AU or better. Here is a classic example at the AU-55 grade level, bright silver with pale gold throughout save for deeper golden-tan accents on the worn areas. The strike is bold on the central portions, but with minor bluntness on some of the stars. An outstanding choice for the collector who needs an example from these dies or to fill a major type collection. Always seen with an area of die sinking by the IC of AMERICA, where a defect in the die steel sunk; this shows to varying degrees on all examples from this reverse die. Appealing surfaces overall show no heavy rim bumps or adjustment marks.<br /> <br /> <strong>Numismatic Reflections by Q. David Bowers<br /> </strong>As a date the 1796 is about on a par with the 1797, although the Guide Book reveals that the Annual Report of the Director of the Mint had a mintage figure much higher for 1796 than for 1797. This is due to the fact that the calendar year production at the Mint did not necessarily have much to do with the actual dates on the coins. The poster example of this procedure is given by the 1795 half eagle obverse that was first used years later with the Heraldic Eagle reverse, not introduced in that denomination until 1797.
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