1798 $1 Wide Date MS (PCGS# 6877)

CSNS08 PN

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    2337
  • Grade:
    MS64
  • Price:
    $115,000.00
Lot Description
1798 $1 Large Eagle, Pointed 9 MS64 PCGS. B-12, BB-120, Die State IV. R.4. A magnificent coin and one of the finer known examples of the date. The fields and devices of this coin are stunning, and such quality is rarely encountered on any United States silver coin of this period. The coin is toned rich orange-gold with a patch of light silver-blue on the upper right obverse. The reverse is more evenly toned and matches the orange-gold on the obverse. The fields show substantial mint luster beneath the toning and the strike is bold. Liberty's curls are particularly sharp and show the desired separation not only near her temple but also below her ear, both areas that are frequently weak. The eagle's head and reverse stars are weak, due in part to adjustment marks as well as variety characteristics. The obverse has a single tiny nick on Liberty’s neck by the ear and the reverse has a singular scratch among the adjustment marks. In addition to its status as the finest known 1798 B-12 dollar, it is also a late die state, just shy of the terminal die state V in the Bowers-Borckardt reference, with all the cracks of Die State IV present, and others that are advanced beyond the State IV requirements. We have been unable to determine any previous pedigree prior to our 2005 offering. There was no example of this variety in the Cardinal Collection, the Queller Family Collection has two examples that both grade XF, and the Hesselgesser Collection on the PCGS Set Registry includes an XF45. The Jules Reiver Collection included a VG and an XF, and the Bill Luebke Collection included a VF30. The finest example recorded in the Bowers-Borckardt Notable Specimens section grades just AU55, with one other AU50, and six XF coins. Population: 12 in 64, 1 finer (3/08), for all varieties combined. Ex: Jack Lee Collection, Part III; Heritage (11/2005), lot 2191.
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