1796 $1 Large Date, Sm Letters MS (PCGS# 6861)

2009 CSNS PN

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    2540
  • Grade:
    MS62
  • Price:
    $57,500.00
Lot Description
1796 $1 Large Date, Small Letters MS62 NGC. B-5, BB-65, Die State II, R.2. On this variety, the 6 in the date is double punched, the stars at the right are closely spaced and touch or nearly touch their neighbors, the highest wave of hair is below the upright of E in LIBERTY, a leaf is located under the A of STATES, there are seven large berries in the wreath, and three leaves are found beneath the left (facing) wing. There is also a diagnostic lump at the right top of the I in AMERICA that does not yet touch the C or the denticles; hence this is a Die State II specimen. Soft champagne-gold patina bathes the lustrous surfaces, with darker gold or blue flecks tucked into the recessed areas of the devices. The color is well matched on both obverse and reverse. This is a boldly struck coin that shows full radial lines on most of the stars, and strong feather definition on the eagle, except for softness on the legs and breast. Light adjustment marks are concealed in Liberty's hair near her ear, and these same adjustments cross the second and third stars, slightly weakening their centers. We note a tiny carbon spot on the left side of the eagle's neck which someone has attempted to remove with a sharp instrument. The few resultant faint pinscratches are completely inoffensive. Any Mint State 1796 Draped Bust dollar is extremely rare. To date (3/09) PCGS has graded one each in MS61, MS62, and MS64. NGC has graded one MS60 and three MS62 pieces. We expect spirited bidding on this coin, as it may be quite some time before a comparable specimen appears at auction. From The Joseph C. Thomas Collection.
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