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

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

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    33506
  • Grade:
    MS63
  • Price:
    $258,500.00
Lot Description
1798 $1 Small Eagle, 13 Stars MS63 NGC. B-1, BB-82, R.2. Ex: "Col." E.H.R. Green. This Select Mint State piece is fully lustrous with brilliant silver surfaces and delicate peripheral iridescence. Slight weakness is evident on a few hair curls and on the eagle's high points. The usual grade-consistent marks appear in the fields with clean devices. Obverse Die. The 1798 B-1, BB-82 die marriage represents the 13 Stars obverse type, mated with the Small Eagle reverse. The 9 in the date is the Knob 9 style. Six of the 1798-dated Draped Bust, Heraldic Eagle dollar varieties also have dies with a Knob 9 punch. This die reappeared with a Heraldic Eagle reverse to strike B-32, BB-91. Reverse Die. The Large Letters reverse die from the 1798 B-1, BB-82 was used earlier to make the 1797 B-1, BB-73 dollars, in Bowers-Borckardt Die States I through IV. This reverse die state (with the new 1798 obverse) is listed as Die State I for the 1798 B-1, BB-82 dollars, and the die cracks advanced. After the 1798 BB-82 coinage was finished, the Large Letters reverse die was remated with the 1797 9x7 Stars obverse die, and more of the 1797 B-1, BB-73 coins were struck (but a later reverse die state, BB Die State V or VI) -- likely all of them in 1798. Die State. The obverse die on this specimen is lapped with incomplete curls atop the head and behind the shoulder. Delicate clash marks are noted in the obverse fields. The reverse die shows extensive die cracks, equal to the latest known die state. The Green-Newman 1798 B-1, BB-82 was struck from a very late state of the dies, Bowers Die State III (equivalent to BB Die State V for the 1797 BB-73). Thus sometime after the Newman specimen was struck, the reverse die was reused for more examples of the 1797 B-1, BB-73. Condition Census. The Newman example graded MS63 NGC, is the finest known specimen of 1798 B-1, BB-82 by some margin, and in our opinion, the only true uncirculated example known.
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