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1800 $1 MS64 NGC....

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

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Auction Ended On: Apr 17, 2008
Item Activity: 10 Internet/mail/phone bidders
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Location: Rosemont, IL
Possible Finest Known 1800 B-19a, BB-192 AMERICAI Dollar
A Fabulous MS64 Example
1800 $1 MS64 NGC. B-19a, BB-192, R.2, Die State III. A significant offering of what is surely one of the finest known of the variety. Bowers lists nine coins under "Notable Specimens" in his 1993 Silver Dollars & Trade Dollars of the United States, with the finest an MS64 example sold as part of Paramount's Auction '85 sale, lot 1264. He completes the list with two MS63 pieces, an MS62, and a lone MS60, with the balance being AU examples. NGC has certified two MS64 coins with none finer (3/08), although the possibility exists that the same coin was submitted twice, yet not reflected as such in the Census Report. The next closest example at NGC is a solitary AU55. The PCGS Population Report indicates that one specimen has been certified at the MS63 level, with one piece grading MS61 and four coins deemed AU58. The current coin matches the photo for the Auction '86 example, which was called the finest known at that time.
The AMERICAI variety is somewhat of an enigma; what was the cause of the reverse die flaw that slightly resembles an I without serifs? Bowers opines that the stray mark is "perhaps from a punch or from a stray piece of metal during the die making process ... ." Breen, in his Complete Encyclopedia, suggested that the errant letter was "the right leg of a mostly effaced A," although close examination of the mark indicates that this is not the case. Whatever the cause, the desirability of this variety has continued to increase throughout the years. And, although BB-192 is the more common of the two AMERICAI 1800 dollar varieties, both are legitimately rare in Mint State. Rich, satiny luster blankets both sides of this boldly impressed early dollar. The underlying dove-gray toning is elegantly framed by russet coloration that clings to the devices. Those seeking a conditional standout of this popular variety will pay careful attention to the current offering.
Ex: Auction '86 (RARCOA's session, 7/1986), lot 734.
From The Queller Family Collection of Silver Dollars. (Variety PCGS# 40082, Base PCGS# 6892)

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