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

FUN09 PN

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    3938
  • Grade:
    AU55
  • Price:
    $24,150.00
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, such as the Gilhousen Die State VI specimen, which coincidentally appears in this sale. Of the three 1797 dollar varieties, BB-73 appears to be 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 BD-71. However, in grades above AU50 the two varieties seem to be comparable in terms of scarcity, and BD-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, barely mentionable 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. As of (11/08), the online PCGS Population Report documents 12 pieces at the AU55 level, with only 6 finer examples, the best of which is a solitary MS61 coin.
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