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

2009 CSNS PN

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    2539
  • Grade:
    MS62
  • Price:
    $57,500.00
Lot Description
1796 $1 Large Date, Small Letters MS62 PCGS. Ex: Cardinal Collection. B-5, BB-65, Die State II, R.2. The 6 in the date is double punched at the underside of the top curve and the upper inside of the bottom loop, and the highest wave of hair is indistinct, probably due to relapping. There is a die lump at the upper right of the I in AMERICA, but this does not touch the C or the dentils in the earlier state of the dies. The Mint Report gives the calendar year mintage of 1796 silver dollars as 72,920 pieces. David Bowers, in his 1993 Silver Dollars and Trade Dollars of the United States encyclopedia estimates that 75,000 silver dollars bear the 1796 date. The author also indicates that while other denominations employed 16 stars to reflect the June 1, 1796 admission of Tennessee as the 16th state, this star-number was not used on silver dollars until 1797. This suggests that obverse dies for 1796-dated dollars were made prior to June. The bright silver-gray surfaces of the current MS62 offering are tinted with a couple of shades of light brown and gunmetal-blue. A solid strike manifests itself in nearly complete delineation on the design elements, with particular sharpness in Liberty's hair. Most of the star centers are bold, and the ribbing in the branch leaves is crisp, though some minor localized softness is visible in the eagle's breast and leg feathers. The dentilation is full on both sides, and adjustment marks are completely absent. A few minute handling marks are of little consequence. All in all, this is a lovely Draped Bust Small Eagle silver dollar. From The Joseph C. Thomas Collection.
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