1797 $1 9X7 Stars, Large Letters MS (PCGS# 6863)

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    5617
  • Grade:
    AU55
  • Price:
    $18,400.00
Lot Description
1797 $1 9x7 Stars, Large Letters AU55 PCGS. B-1, BB-73, R.3. Bowers-Borckardt Die State II. The near-perfect die state of this piece is perhaps the most available for the variety. It is certainly encountered more often than later states. Of the three 1797 dollar varieties, BB-73 is the most common. Bowers and Borckardt (1993) ranked BB-71--the 10x6 Star variant-- second to BB-73, but only by a thin margin. If the PCGS Population Report is any indication--and we feel that it is--then it appears that BB-73 is about twice as available as BB-71. However, in grades above AU50 the two varieties seem to be comparable in terms of scarcity, and BB-71 is actually more plentiful in Mint State condition, if one considers five coins "plentiful." All three die marriages are condition scarcities, and relatively few appear to have been saved before entering circulation. This pale dove-gray representative boasts a bold strike and substantial luster throughout. We make note of only one minor distraction: two diagonal abrasions connect Liberty's lower bust to the 5 o'clock rim. Otherwise, this piece is quite pleasing and sure to receive much attention when it crosses the auction block. Population: 8 in 55, 5 finer (11/10).
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