1801 $1 MS (PCGS# 6893)

2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago #1204

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    Heritage Auctions
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Lot Description
1801 $1 MS62 PCGS Secure. B-3, BB-213, R.3. Ex: Hesselgesser. Bowers-Borckardt Die State II/intermediate. The Wide Date obverse, where the first 1 is about as distant from the curl as the last 1 is from the bust. Star 8 is close to the Y, but stars 1, 7, and 13 are distant from the hair, L, and bust, respectively. The right serif of I is level with the left serif of B. On the reverse, a star point touches the outside of the eagle's beak, and the right feet of all the T's are missing. AM are joined, and E is extremely close. A star under cloud 7 is double-punched, a rare error among early dollars. While the reverse shows light die clashing from the obverse around ES OF, the obverse also shows some of the characteristics of a later Die State III, in which a small die crack, nearly horizontal, appears to the left of the 1 in the date. However, this coin lacks most of the other characteristics of that die state as listed in the reference. No other die cracks or clashing is visible on the obverse, although numerous small areas of die rust have left dotlike indentations around some of the peripheral stars. At MS62, this coin is first for the variety in the "Notable Specimens" listed in the 2013 David Bowers Encyclopedia of United States Silver Dollars 1794-1804, where it is the plate coin for the 1801 BB-213 variety. Both sides are lustrous, and evenly covered in a veneer of golden, copper-gray patina, with original pinkish-gray overtones and gunmetal-blue margins. A couple of small contact marks are noted on Liberty's cheek. The strike is bold, save for a hint of softness on the eagle's tail and the highpoints of Liberty's hair on the obverse, but these are quibbling complaints. The coin radiates an impression of true high-end quality, with its original surfaces and enormous aesthetic appeal. A significant opportunity for early dollar specialists. Ex: Rosemont, IL CSNS Signature (Heritage, 4/2008), lot 2341, where it realized $60,375.00.
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