1798 $1 Small Eagle, 13 Stars MS (PCGS# 6867)

The January 2012 Americana Sale

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Lot Description
1798 Draped Bust Silver Dollar. Small Eagle. B-1, BB-82. Rarity-3. BB Die State III. 13 Stars. EF-45 (PCGS). Satiny surfaces exhibit soft champagne-gold tones throughout, with some retained mint bloom in the protected areas. The surfaces are immaculate to the unassisted eye, and the design motifs are as bold as the given grade decrees. Struck from a rapidly shattering reverse die with numerous cracks present including a heavy crack downward from the rim to the second T of STATES. From the final year of the Draped Bust, Small Eagle die combination; 327,536 silver dollars were reported struck in 1798, but the majority of those pieces were no doubt of the Large or Heraldic Eagle reverse type which is considerably more plentiful than the type offered here. One of two varieties of the type and date, the other with 15 obverse stars. Typically found at EF-40 or lower on the grading scale, we note that fewer than two dozen grading <em>events </em>have occurred for this variety at a finer grade than offered here in the PCGS <em>Population Report. </em>Of those, just a solitary example has been called Mint State. The logjam of 20 EF-45 examples of the date in that listing suggests some amount of resubmissions to us. If this design type is on your numismatic wish list, the present coin may be just your cup of tea. Choice for the grade both aesthetically and physically, and worthy of positive bidding results.
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