1799 $1 MS (PCGS# 6878)

2013 June 5 - 9 US Coin Signature Auction - Long Beach #1186

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    4608
  • Grade:
    MS63
  • Price:
    $44,063.00
Lot Description
1799 $1 7x6 Stars MS63 PCGS. B-6, BB-162, R.4. Bowers-Borckardt Die State III. This magnificent 1799 Draped Bust dollar is the finest specimen of the BB-162 variety listed in the PCGS Population Report and it occupies the second position in Q. David Bowers list of Notable Specimens in his new Encyclopedia of United States Silver Dollars 1794-1804 (2013 edition). This coin should be a cornerstone in an advanced collection of early dollar varieties. Production of Draped Bust dollars reached a record high in 1799, with a reported mintage of 423,515 pieces. Including the 1799/8 overdates, 22 die varieties are known for the date. This coin represents the scarce BB-162 variety, with the indented upper right corner of the 1 in the date and the leaf pointing to the center of the upright of I in AMERICA. The hardy obverse die was used previously to strike the BB-156, BB-157, and BB-161 varieties, and was used again on BB-163 and BB-164. This was the only use of the reverse die. In the Haseltine Type Table Collection (John W. Haseltine, 11/1881), lot 135, Haseltine labeled this variety "very scarce." M.H. Bolender evaluated it as R.5, but a few more specimens have surfaced since he did his work in the early 1950s. Today, numismatists believe 300-500 examples survive in all grades, with most grading no better than VF. Mint State specimens are rare. The coin offered here is a spectacular Select specimen, well-centered and sharply detailed, with no adjustment marks or planchet flaws. Both sides are darkly toned in attractive shades of russet-gold and steel-blue, with vibrant mint luster underneath. Thin die cracks show at the obverse rim, opposite the bust point and through stars 9-13. Another crack is seen on the reverse through OF, the wing, AMER, to the leaf. Eye appeal is terrific. Students of die varieties and die states will find no finer example for a major collection. Population: 1 in 63, 0 finer (4/13).
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