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Lot
2153

1798 $1 Large Eagle, Pointed 9 AU58 PCGS....

2010 April-May Milwaukee, WI CSNS US Coin Auction #1139

 
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Auction Ended On: Apr 29, 2010
Item Activity: 12 Internet/mail/phone bidders Number of Bidders
939 page views
Location:

The Midwest Airlines Center
400 West Wisconsin Avenue
Milwaukee, WI 53203

Description:
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Elusive 1798 Large Eagle, Pointed 9 Dollar
Close Date, B-25b, BB-123, R.4, AU58
1798 $1 Large Eagle, Pointed 9 AU58 PCGS. B-25b, BB-123, R.4. Die State IV (B-25b). This coin is one of the three major early silver dollar design types and can be considered an important transitional silver dollar due to its production in 1798, the year that U.S. Draped Bust obverse silver dollars were seeing the change from the former Small Eagle reverse to the Large Eagle or Heraldic Eagle reverse. This difficult variety Bolender called the Close Date, although Bowers calls it the Blundered Stars Reverse variety, for the two stars overlapping clouds on the reverse. It is also sometimes called the Whisker variety due to the tiny pointed marks running downward from the lower edge of the chin. The Guide Book lists this variety under the Heraldic Eagle heading as 1798 Pointed 9, Close Date.
Barring an MS61 B-25b (the Robertson specimen) that we offered in 1994, this piece is the single finest that we have offered since. This is a difficult variety to find, much more challenging than the R.4 rating would indicate. This is also an example of the elusive B-25b/BB Die State IV, with heavy die cracks on both sides, and quite desirable as such.
Only a trace of rub on this piece appears to prevent a Mint State grade, but much luster prevails, and the coin is essentially abrasion-free. The strike is soft on the central hair curls and the upper reverse, especially the stars and eagle's head. Variegated golden-rose color deepens slightly around the margins. Near-Mint State examples such as this coin are rarer still. This piece poses a significant opportunity for series specialists, Guide Book variety collectors, or type enthusiasts.
From The Good Harbour Bay Collection.(Registry values: N2998) (NGC ID# 24X6, PCGS# 6873)

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