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Lot
2071

1800 $1 AMERICAI MS62 NGC....

2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104

 
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Auction Ended On: Apr 17, 2008
Item Activity: 11 Internet/mail/phone bidders
1,220 page views
Location: Rosemont, IL
Description:
Spectacular 1800 AMERICAI Dollar, B-11, BB-191, MS62
Extremely Rare Die State I
1800 $1 AMERICAI MS62 NGC. B-11, BB-191, R.5. Die State I, perfect obverse die showing no signs of relapping. The date is wide, with the two zeros spaced far apart, and the 8 is entered too low. Star 8 is quite close to the Y, with star 13 not quite so close to the bust. This obverse was first used to strike the BB-190 die pairing, which has a different reverse from the AMERICAI reverse die. Die clashing on that obverse was relapped (on almost all specimens seen!) before the mating with the AMERICAI reverse.
The AMERICAI reverse, even if not well-named, is a popular Guide Book variety (actually two varieties, BB-191 and BB-192) and a mainstay of early dollar collecting.
So, then, this BB-191 die marriage is defined by the so-called Low 8 obverse combined with the AMERICAI reverse (all noted, along with the BB variety, on the NGC encapsulation). However, what is not noted on the encapsulation is the rare die state. Quoting Bowers-Borckardt, "Die State I. Perfect obverse die, without relapping. Reverse die without cracks. May not exist with obverse not showing relapping."
The present coin contradicts that last statement, as clash marks in the field near stars 12 and 13 are prominent, in two places both appearing to be from the area where the eagle's wing on the reverse joins the rightmost cloud.
In addition to the unusual and extremely rare die state--which, while we cannot conclusively say is unique, we can say is the only example we have ever seen--this specimen of the very rare BB-191 variety is also distinguished through its truly amazing appeal and state of preservation. Both sides shows enormous amounts of luster penetrating through a fairly generous helping of pinkish-gold patina in the centers, deepening at the rims to steel-blue. This is one of those truly outstanding 19th century coins that appears to be essentially untampered with in more than two centuries of existence, and as such it is a rarity in every sense of the word.
Ex: Amon Carter Sale (Stack's, 1/1984), lot 228.
From The Queller Family Collection of Silver Dollars. (Variety PCGS# 40081, Base PCGS# 6892)

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