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Lot
2087

1803 $1 Small 3 AU55 NGC....

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

 
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Auction Ended On: Apr 17, 2008
Item Activity: 12 Internet/mail/phone bidders
948 page views
Location: Rosemont, IL
Description:
Marvelous 1803 Small 3 Dollar, AU55
B-3, BB-256, R.6
Likely Condition Census
1803 $1 Small 3 AU55 NGC. B-3, BB-256, R.6. Die State I, the only state known. Perfect dies. An extremely appealing coin on an absolute basis, irrespective of the extremely rare variety. The Bowers-Borckardt Silver Dollar Encyclopedia notes concerning the BB-256:

"The 1803 BB-256 is the second rarest die variety of the year (after BB-253, if BB-253 exists). I estimate that 30 to 60 are known. Examples seldom surface on the market. This issue is one that the specialist would be well advised to acquire in any condition, using leisure time to upgrade if the opportunity is presented."

Although reliable census information for early silver dollars is woefully lacking, according to the BB reference this piece would rank high in any Condition Census, perhaps third to fifth behind a couple of specimens in the MS60-62 range and perhaps one or two pieces in higher AU grades. Both sides show much prooflikeness (undesignated by NGC) beneath appealingly toned surfaces with light pinkish-gold patina. The fields are remarkably smooth, and the flan is well-centered. This piece is the finest example attributed at NGC by five grade points, although of course there are many unattributed 1803 dollars (3/08). Simply a marvelous coin!
Ex: Superior (2/1987), lot 1338.
From The Queller Family Collection of Silver Dollars.
(Variety PCGS# 40100, Base PCGS# 6900)

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