1797 $1 9X7 Stars, Small Letters MS (PCGS# 6866)

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

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    33503
  • Grade:
    MS64
  • Price:
    $381,875.00
Lot Description
1797 $1 9x7 Stars, Small Letters MS64 NGC. B-2, BB-72, R.4. Ex: "Col." E.H.R. Green. The strike is nearly perfectly centered. Stars 7 through 9 are somewhat weakly struck, as are the centers of both sides, especially on the eagle. Delicate original champagne toning is visible over satiny luster on the obverse, contrasting against brilliant frosty luster on the reverse. Both sides exhibit vivid splashes of gold and iridescent toning, more prominent on the obverse. Obverse Die. The obverse appears in its early die state on B-2, BB-72, and in later states on B-1, BB-73. The stars are arranged with nine stars left and seven stars right, called "7 Stars Facing" in older references, including on the Eric P. Newman envelope. Reverse Die. The reverse is the "workhorse die" that made six different appearances on the Draped Bust, Small Eagle dollars. Four of the six varieties appear in the present offering, and each is an amazing representative. The early dollar student will welcome the opportunity to compare the die states of these four coins. Die State. The obverse die shows slight evidence of lapping in its earliest state, the only state of the obverse seen on this variety. The reverse die is lightly lapped, in the same state as 1796 B-1, BB-66. Condition Census. An offering of even an XF or AU example is a rare event. The 1945 World's Greatest Collection specimen was graded Fine to Very Fine. The coin in Bolender's personal reference collection was only Fine. The Amon Carter example, sold in 1984, was a nice AU coin, today graded AU55+ PCGS. Even though it falls short of Mint State, the Carter coin is one of the three finest known examples. The Norweb specimen was Fine 15, and the Eliasberg coin was a nice VF30. Harold Bareford had a significant date and major type collection of high-grade early dollars, but it lacked a 1797 B-2. Graded MS64 by NGC, the present coin is the highest graded by six full points.
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