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


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    Heritage Auctions
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Lot Description
1795 $1 Draped Bust, Centered MS64 NGC. B-15, BB-52, R.2. The present coin is a magnificent example of this early date silver dollar, with a combination of high technical grade and aesthetic appeal that is seldom equaled. Certain to be a highlight of any collection of early dollars or advanced type set. Writing in 1993, Q. David Bowers estimated a surviving population of 12-18 examples of this date at the Choice Mint State level. Allowing for resubmissions, Bowers evaluation coincides well with current population data. Only 17 coins have been certified in higher numeric grades at both NGC and PCGS combined (6/09). The year 1795 saw the introduction of the appealing Draped Bust design on the silver dollar. Modeled after a sketch by prominent portraitist Gilbert Stuart, the draped bust was an artistic improvement on the sturdy flowing hair design of the previous year. Stuart's model was the beautiful Philadelphia socialite Anne Willing Bingham. Official records indicate an initial mintage of 42,738 Draped Bust dollars in 1798, small by silver dollar standards. Only two die varieties are known for the date, with the coin offered here representing the less available BB-52 variety. Early collectors prized the Draped Bust dollars, and the study of die varieties began at an early date. The BB-52 variety was first described in Haseltine's Type Table Sale (Haseltine, 11/1881), lot 91. Haseltine's description reads, "1795 No. 15; fillet head; head well centered; curl not touching the star; the date closer to the lower star on the left; rev., wreath has 6 berries; fine." The lot realized $2.52. Haseltine's auction catalog became the standard reference for attributing early dollars until Bolender's treatise superseded it 70 years later. The present coin is fully struck throughout, with fine detail on all design elements. The strong devices are complemented by reflective fields. The surfaces are enhanced by lovely tones of golden-brown, with accents of lilac over the central dev
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