1795 $1 Centered Dr Bust MS (PCGS# 6858)

FUN07 Platinum Night #1

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    1027
  • Grade:
    MS65
  • Price:
    $373,750.00
Lot Description
1795 $1 Draped Bust, Centered MS65 PCGS. B-15, BB-52. R.2. The Draped Bust, Small Eagle reverse dollars of 1795 come in two varieties. It is widely believed that the 1795 B-14, BB-51 dollar with Liberty placed too far to the left was struck prior to the slightly more aesthetically pleasing centered bust die. In his November 1881 Type Table sale catalog, John W. Haseltine termed this obverse die, "fillet head; well centered." When Bolender published his book The United States Early Silver Dollars from 1794 to 1803 he called this die, "fillet bust." For more than 50 years many dealers and collectors referred to the 1795 Draped Bust, Small Eagle reverse dollars in this manner (the fillet meaning ribbon, and referring to the ribbon which is tied at the back of Liberty's hair). Both in the past and present, the 1795 Draped Bust, Centered dollar represents an important type coin for anyone interested in early United States silver dollars, 1794-1803. The earliest dollars struck and dated 1795 are known by most collectors today as "Flowing Hair Dollars." The Flowing Hair design was eventually replaced by the Draped Bust, Small Eagle type. According to Walter Breen, "This new design represented the fulfillment of a dream for the new Mint Director, Henry William DeSaussure. On his accession, he had named his two ambitions: to place gold coinage into circulation; and to improve the design of all denominations, particularly of silver coins. To this purpose, he engaged the illustrious portraitist Gilbert Stuart, who submitted a drawing of Mrs. William Bingham (the former Ann Willing) as Ms. Liberty." Breen further notes that John Eckstein, an artist, translated this drawing into "models" (perhaps in plaster as Bowers later noted) for Mint Engraver Robert Scot. Eckstein received $30.00 on September 9, 1795, for his two "models." Breen postulates that the second of these is likely to have been the small eagle on clouds. Bowers noted in his Silver Dollars of the United States regar
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