1801 $1 MS (PCGS# 6893)

The June 2011 Baltimore Auction

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Lot Description
1801 Draped Bust Silver Dollar. B-3, BB-213. Rarity-3. Bowers Die State II-III (intermediate die state). AU-55 (PCGS). A remarkable Choice AU with stronger eye appeal than this cataloger (Jeff Ambio) has seen in some 1801 Dollars certified as AU-58, radiant mint luster is one of the first features to greet the viewer from both sides. The reverse is near fully lustrous with a delightful frosty texture, while for the obverse we note a bit more rub to confirm the validity of the AU-55 designation from PCGS. Both sides are boldly defined from a nicely centered strike, their surfaces adorned in&nbsp;lovely golden iridescence. A thoroughly enjoyable example that is sure to have no difficulty finding its way into a high grade type set or a specialized collection of early dollars.<br /> &nbsp;&nbsp;&nbsp;&nbsp;This coin was struck from an interesting die state that does not fit neatly into the progression outlined by Q. David Bowers in the 1993 book <em>Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia, Volume One</em>. While the presence of numerous small die flaws (as made) around the peripheries on both sides corresponds to Bowers Die State III, we see no evidence of the clashmarks from the obverse date or adjacent denticles on the reverse&nbsp;around the letters ES in STATES that are supposed to be present as early as Bowers Die State II. The aforementioned die flaws take the form of both light rust pits and minor die erosion, confirming a somewhat later state of the dies even through they remained fully intact and strong enough to deliver a sharp strike to this coin.
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