1801 $1 MS (PCGS# 6893)

2009 March Baltimore, MD Signature US Coin Auction #1126

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    2361
  • Grade:
    MS62
  • Price:
    $25,300.00
Lot Description
1801 $1 MS62 NGC. B-3, BB-213, R.3. Die State III with minor rust marks and tiny die cracks on the obverse. Four 1801 dollar varieties are known, and each is scarce or rare in Mint State grades. The varieties designated BB-211 and BB-213 were each coined from a reverse die that saw no other service. The other two varieties were coined from reverse dies that were also used in 1802 and 1803, and in both instances the 1801 dollars were coined after those dated 1802. Since the obverse die of this BB-213 variety is found in a later state than for BB-212, it is also certain that this die combination was struck no earlier than 1802. The study of emission sequences, in an effort to establish the events that took place at the first Mint, parallels the work of a detective who seeks to solve a crime. There is little or no documentation, and the primary evidence appears only on actual surviving coins. This nearly flawless Mint State example has full satin luster beneath delicate ivory, gold, and iridescent toning. The surfaces have a few wispy hairlines and minuscule marks, fewer than normally associated with the grade. Perhaps just a trace of cabinet friction limits the numerical assessment of this lovely piece. In his Silver Dollar Encyclopedia, Dave Bowers records a single Mint State example from the Bareford Collection, followed by two AU58 coins, two AU55 pieces, and two AU50 examples. This example appears different from any of those that Bowers listed in his reference. Census: 4 in 62, 3 finer (2/09).
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