1 Dollar    (sold for $12250.0)

1797 B-1, BB-73 Rarity 3. NGC graded AU-55. 9x7 Large Letters. A worldly outpouring of frosty luster livens up the wide expanse of smooth surfaces on this desirable Draped Bust, Small Eagle 1797 issue. There is a tiny imperfection on the drapery. The fields are for all intents and purposes smooth as can be, while the strike is intrepid enough to call for special mention. Often, the 1797-dated dollars are unevenly struck. This has exceptional detail on the eagle, clouds, and leaves of the two sides of the wreath. In 1797, the number of stars on the silver dollar was increased to 16. According to the Bowers reference on this important year, "The coinage is said by government reports to be the lowest of any year from 1795 to 1803, although now it is believed that the numbers given are incorrect. I believe that most or all of the mintage of 7,776 coins reported for the calendar year may have been of earlier dates, and that most coins struck from dies dated 1797 were actually made in early 1798. "It is a virtual certainty that many more than 7,776 silver dollars were struck with the 1797 date. I estimate the number to be 60,000 (within about 10%). As noted earlier in the present text, numerous numismatic data suggest that the mintage of 1797 must have been about on a par with that of 1796, or not significantly different. (I estimate the mintage of 1796 to have been 75,000, not far from the official government figure for the calendar year of 79,920; however, some 1796 dollars may have been struck later as well, and part of the 79,920 number may have consisted of 1795-dated dollars.) "As the estimated 60,000 1797-dated silver dollars could not have been struck earlier than 1797, and the quantity made is almost certainly far greater than 7,776, the only remaining possibility is that they were struck later, with the calendar year 1798 being the most likely candidate. "In 1797, production problems continued at the Mint. Sporadic coinage runs for silver dollars occurred in February, late May to late June, and in August. The Mint was closed from late August to late November, due to a yellow fever outbreak. Thus, the mintage for the calendar year was very small." Pop 10; 12 finer. Estimated Value $12,000 - 13,000. Categories:
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Price
This coin has been sold for   $12250.0

Notes: http://www.goldbergcoins.com/view-auctions/catalog/id/3/lot/10728/ $12,000 - $13,000 2010-05-30

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Posted by: anonymous
2015-03-06
Coin Group
 Denomination: 1 Dollar
 Metal: Copper
Silver
 State: USA (1776 - )
 Person: Anne Willing Bingham (1764-1801)
 
Description:   English
Coin variations: 39 instance(s)
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