1802 $1 Narrow Date MS (PCGS# 6895)

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    3297
  • Grade:
    MS63
  • Price:
    $71,875.00
Lot Description
1802 $1 MS63 PCGS. CAC. B-6, BB-241, R.1. The Normal Date (nonoverdate) obverse in this variety is readily identified by the close date with a wide space between the 8 and 0, along with the missing right foot of the T in LIBERTY. The reverse die shows the leftmost arrowhead under the left edge of the N in UNITED, and only 12 arrows are plain while the 13th is faint. This reverse die was used in several different die pairings, including the 1801 BB-212; the 1802/1 BB-231 and BB-232; the present 1802 variety; and the 1803 BB-254. Among Draped Bust silver dollars of the 19th century, the B-6, BB-241 die combination is the hands-down most widely available variety. In fact, it is more common than all of the other 1802 varieties combined, according to the Bowers-Borckardt reference. It is also the most available of all the Draped Bust dollars from 1798-1803, including the 18th century varieties. It is likely that only the 1795 Flowing Hair, B-5, BB-27 is more prevalent in all grades combined. The B-6 die variety is also the only die combination dated 1802 that can be found in Mint State grades with any regularity. All other die marriages, including both the normal date and overdate varieties, are extremely rare in Mint State grades and most are unknown in such grades. All of the foregoing reinforces the status of this Select Mint State piece as an ideal type coin to represent the Draped Bust design (or the 1802 date, for that matter, in date collections). Both sides of this satiny silver dollar have full luster with sharp details, enhanced by splendid pale rose and light blue toning over silver-gray surfaces. A few tiny abrasions are visible on Liberty's neck and elsewhere on the obverse, defining the grade assigned by PCGS. The reverse is virtually flawless, and graded separately, reaches at least MS65. Population: 8 in 63, 5 finer (11/11).
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