1798 $1 5 Stripes MS (PCGS# 6874)

2006 January Orlando, FL (FUN Platinum Night) Signature Auction #394

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    3224
  • Grade:
    MS63
  • Price:
    $126,500.00
Lot Description
1798 $1 5 Stripes MS63 PCGS. B-4, BB-92. R.5. Noted Bust dollar expert and Heritage cataloger Jim Matthews examined this phenomenal coin and attests that it is the finest known by several points of this elusive variety, seldom encountered above AU. A search through our auction archives shows we have offered this variety only once before, a cleaned example with AU details in an NCS slab. The Bowers-Borckardt reference estimates this coin's rarity at R.3 or low R.4, but Matthews asserts that the true rarity is R.5. This incredibly appealing, moderately reflective coin displays original russet, aqua, and plum toning with silver-gray highpoints and touches of apple-green at the borders. Most examples have softly struck centers, but this coin is well struck, through the centers and elsewhere. A majority of the stars show their centrils, the hair detail is bold save for the two forecurls, and the drapery is well sculpted. The coin is well centered, although not perfectly so, but with full dentilation showing on both sides. This specimen appears to be an early stage of Die State II as Bowers-Borckardt describes. A die crack runs from the top right serif of the second T in STATES through the base of the T and the stars, not visible through the wing itself, but emerging from the wing's lower side to pass through an arrow and the N's right side. Another light crack is forming between the tops of the first T and the A. Despite the minor die cracks, there is no sign of die erosion on either side. Perusal with a glass reveals light adjustment marks near the obverse rim at star seven and the L in LIBERTY. There is a small, shallow scrape on Liberty's cheek, and numerous trivial, grade-consistent marks appear on both sides. There are a couple of shallow scrapes through the horizontal shield lines. Yet examination under magnification only deepens the impression that this lovely coin creates, of a superlative, accurately graded, and unsurpassable early type coin. This is, not surpri
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