1795 $1 Off-Center Dr Bust MS (PCGS# 96858)

Morris Silverman

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    Heritage Auctions
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Lot Description
1795 $1 Draped Bust MS64 NGC. B-14, BB-51. R.2. Die State I. This is the "Ostheimer Specimen. MS-65" as listed under the "Notable Specimens" in Q. David Bowers' Silver Dollars of the United States, A Complete Encyclopedia, (1993) page 222. This specimen does not appear to have been part of the Ostheimer collection, but was included in Superior's 1975 A.N.A. Auction Sale along with the extensive Ostheimer collection of early Silver Dollars, 1794-1803. From the plate photo in the 1975 sale catalog, the coin appears "untouched" since it was offered as lot 812 in that sale, more than 25 years ago. It was cataloged at that time as follows: "1795. Bolender 14 (low R-2). Head placed too far left. Mint State 65. Iridescent gray toned uniformly on the obverse with uneven tones and partially a lighter pearl tone on the reverse. Full original mint luster, well struck, beautiful, and a "gem" example. Good centering, but there are a few tiny nicks on the rims, the most noticeable at 2:00 on the reverse. Nearly full breast feathers on the eagle. One of the finest extant and worth a record price. PHOTO." This specimen realized $9,200 in this sale in 1975! In viewing this specimen prior to this sale, Walter Breen wrote (in his copy of this 1975 ANA Sale catalog), "lovely frosty gem!" The late Jack Collins simply commented, "Magnificent!" [From Breen and Collins' copies of the A.N.A. Auction sale, August 1975, cataloger's library.] The 1795 Draped Bust Dollars come in two types. This is an example of the "Draped Bust, Off Center" variety. The portrait of Liberty is noticeably placed too far to the left. It can be identified by noting that the highest wave in Liberty's hair is located under the B in LIBERTY, and part of Liberty's curls touch star 1. The reverse die has a small eagle and small letters. This was the first use of a new reverse die that was used to strike six different die marriages--this one dated 1795, three from 1796, and one each from 1797 and 1798. Ex: 1975 A.N.A. S
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