1803 $1 Small 3 MS (PCGS# 6900)

2009 CSNS PN

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    Heritage Auctions
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Lot Description
1803 $1 Small 3 MS64 NGC. B-5, BB-252, R.3. Die State I, the usual state, as always seen on this die combination. The obverse die was only used for 1803 B-5, while the reverse die was used for seven varieties in 1801, 1802, and 1803. Although the reverse die remained in a constant state for all examples of B-5, it went through several stages or states during its life. The present variety represents its final use, with cloud 6 almost entirely missing. Approximately 400 examples of this variety have survived in all grades, according to its current rarity factor, but nearly all of the survivors grade less than AU. This piece is finer than any others that we are aware of and is almost certainly the finest known example of the variety. Called the May Sale specimen, it was merely graded Brilliant Uncirculated in its 1991 Stack's appearance, and it is listed in Bowers' Notable Specimens as MS60. Two examples were recorded as MS63 NGC and ranked first in that list. Called a "top-drawer specimen" by Stack's, this near-Gem has brilliant and frosty silver surfaces with exceptional gold and iridescent toning near the borders. The overall appearance is similar to many old-time collection coins with delicate, original surfaces. The central design elements are a tad weak, but the balance of details are fully defined, including complete obverse and reverse borders. This piece and a single MS64 example of B-4 are the only two MS64 NGC 1803 silver dollars, with none certified finer (2/09). Ex: Stack's (5/1991), lot 593. From The Joseph C. Thomas Collection.
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