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1798 $1 Large Eagle, Pointed 9, 4 Vertical Lines MS63 NGC....
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Sold on Feb 5, 2009 for:
$25,300.00
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Description
1798 B-14, BB-122 Large Eagle Dollar, MS63
Only Mint State Example Known
1798 $1 Large Eagle, Pointed 9, 4 Vertical Lines MS63 NGC.
B-14, BB-122, R.3. Die State IV. This is one of the rare monogamous
die pairings in the early dollar series, in that both sides of this
coin are found in no other marriages. The obverse closely resembles
that of B-24, BB-124, but on BB-122 the 8 in the date is twice as
close to the bust as on BB-124, virtually touching, and stars 11-12
are much closer. It has a medium wide date. The reverse shows the
eagle's right (facing) claw touching the last A in AMERICA, the
only 1798 reverse with that feature.NGC classifies this piece as the "Pointed 9, Wide Date" variety in its online Census Report, where this is the single Mint State example of the B-14, BB-122 variety certified. The Guide Book also calls it the Pointed 9, Wide Date, for collectors of those varieties. The PCGS online Population Report includes the B-14, BB-122 as one of many varieties under its PCGS number for the Pointed 9, 4 Vertical Lines dollars. PCGS shows a total of five BB-122 coins certified at that service, the finest an AU55. (We suspect that coin is the AU55 PCGS example in the PCGS Registry Set of Dr. Robert Hesselgesser, where he notes that is in the top three Condition Census coins for the variety; it appears to be the single finest certified at PCGS.) For the entire Pointed 9, 4 Lines subtype, PCGS has certified only four Mint State coins: two MS61, one MS62, one MS64.
When Dave Bowers was writing his massive (and now-largely unavailable) Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia, he commented that "Somewhere in the range of 350 to 550 1798 BB-122 dollars are believed to exist. The variety is very rare above EF and may be unknown in Mint State." The Notable Specimens in his list included several AU50 examples, and none finer. He provides a Condition Census with two AU55 examples at the top--probably conjectural, as the pieces specifically mentioned from past auctions had AU50 as their top grade.
While we know nothing concerning the past provenance of this piece, it certainly appears to top the known Condition Census for the variety by a wide margin. In this Die State IV, the most plentiful for the variety, a small die crack joins stars 4 and 5. This piece shows deep, multicolored toning on both sides, with an occasional flash of pale lilac. The right-side stars are weak, as often seen on the variety, along with star 7 on the left side. The remaining left-side stars, however, are bold. The strike is also weak on the central details of the eagle. These minutiae, however, fail to diminish the immense importance of this Condition Census piece.
For comparison purposes, we note that the Garrett and Buddy Ebsen specimens were AU50 and XF45, respectively, and the previously mentioned top-ranked PCGS Registry Set contains an AU55. This piece could possibly be the finest known of the variety, by as much as five to eight grade points. Watch the bidder cards fly on this one.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 24X6, PCGS# 6873, GSID# 7158)
Metal: 89.24% Silver, 10.76% Copper
Weight: 26.96 grams
ASW: 0.85oz
Mintage: 327,536
Auction Info
2009 February Long Beach, CA Signature US Coin Auction #1122 (go to Auction Home page)
Auction Dates
February, 2009
5th-8th
Thursday-Sunday
Bids + Registered Phone Bidders: 13
Lot Tracking Activity: N/A
Page Views: 6,787
Buyer's Premium per Lot:
15% of the successful bid per lot.
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