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

2009 CSNS PN

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    2536
  • Grade:
    MS65
  • Price:
    $253,000.00
Lot Description
1795 $1 Draped Bust, Centered MS65 PCGS. Ex: Cardinal Collection. B-15, BB-52, R.2. There are two varieties known for the 1795 Draped Bust silver dollars, known as the Off-Center Bust (B-14) and the Centered Bust (B-15). Most numismatists believe that the B-14 dollar was struck first, followed by the B-15. In his 1993 Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia, Dave Bowers explained his reasoning for this sequence: "I believe the BB-51 to be the earlier of the two Draped Bust varieties dated 1795, as evidenced by the following: 1. The Draped Bust motif on the obverse was placed slightly to the left of where it should have been; this was corrected for the next variety, BB-52, and on all later dates of the type. 2. BB-51 exists in high grades in significantly larger numbers than does BB-52, and most of these are prooflike--indicating that some may have been made as presentation specimens of the new Draped Bust obverse, Small Eagle reverse design." There is much that we still must learn about these early silver coins, and about all early coins in general. The new Draped Bust design is said to be the work of portraitist Gilbert Stuart, who prepared sketches that were translated to plaster models by John Eckstein, an artist from Rhode Island. Mint records show that Eckstein was paid $30 for "two models for dollars" on September 9, 1795. The time seems appropriate for preparations made to coin the new design. If the timing is indeed correct, then the 1795 Draped Bust dollars were coined in October of that year, with a total mintage of 78,238 coins. However, the date these coins were first struck is unknown, and the last date of their coinage is also unknown, perhaps continuing into 1796. The preceding are just a few questions that may never be answered. Surviving Mint records provide much valuable information, but many questions can only be answered by an examination of the coins. It would be nice if we could find a document that states
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