1797 $1 10X6 Stars MS (PCGS# 6865)

2013 November 15 - 16 Selections from the Eric P. Newman Collection Part II Signature Auction - New York #1190

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    33502
  • Grade:
    MS64+
  • Price:
    $440,625.00
Lot Description
1797 $1 10x6 Stars, Large Letters MS64+ NGC. CAC. B-3, BB-71, R.3. Ex: "Col." E.H.R. Green. A Choice Mint State example, this piece displays a bold strike with virtually full details on both sides. Frosty mint luster shines through the original light gold toning, complementing deeper peripheral iridescence. Obverse Die. The obverse die, with 10 stars to the left, and six stars to the right, appears only on the present die marriage, and this star layout appears nowhere else in the early dollars. Reverse Die. This is the only use of the reverse die and it is quickly recognized by noting the lowest berry in the left branch on the outside of that branch. Die State. The highest hair wave and the lowest hair curls show evidence of die lapping. The reverse die is also lapped, showing incomplete palm leaves in the right wreath branch. There is no reverse die crack on this piece, coined from an intermediate die state. The die dot close to the bottom-right of the first 7 in the date shows clearly on this high-grade coin. Condition Census. This specimen was included among the Notable Specimens in the first edition of the Bowers silver dollar reference. Unfortunately, it was excluded from the 2013 revision, but it is nonetheless among the three finest. The two highest graded are the MS65 Louis Eliasberg and MS65 Jack Lee examples. We urge the readers to make their own comparisons. It is our opinion that this is the most eye appealing of the three. Appearances. The Newman specimen is the plate coin in the 1993 first edition of the Bowers-Borckardt reference, Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia. This specimen is illustrated as part of NGC's presentation of the Newman Collection at www.NGCCoin.com. Commentary. In 1795 and 1796 the obverse dies for the Flowing Hair and Draped Bust dollars all had 15 stars. A 16th obverse star was added to the 1797-dated dies; Tennessee had been admitted to the Union as the 16th state in 1796.
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