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Lot
883

1803 $1 Small 3, B-5, BB-252, R.3 MS63 NGC....

2008 May Long Beach, CA Signature Auction #1108

 
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Auction Ended On: May 28, 2008
Item Activity: 9 Internet/mail/phone bidders
6,482 page views
Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103B,C

Description:
Census Level 1803 B-5, BB-252 Dollar, MS63
1803 $1 Small 3, B-5, BB-252, R.3 MS63 NGC. The obverse die is known only in this single die combination and is only found perfect, while the reverse was used for several different varieties beginning in 1801. Technically, the reverse die was first used in 1802, followed in combination with an 1801 dated obverse, then for these 1803 dollars. The actual order of use for the reverse die seems to be: 1802/1 BB-233, 1802/1 BB-234, 1801 BB-214, 1802/1 BB-235, 1802 BB-242, 1803 BB-251, and 1803 BB-252.
Mint records suggest that 85,634 silver dollars were coined in 1803, although many of those were dated 1802. In addition, there were 19,570 silver dollars coined in 1804, and it is known that they were dated 1802 or 1803. Dave Bowers estimated an actual production of 1803-dated silver dollars at approximately 60,000 coins.
Less than a dozen examples of the B-5 silver dollar are known in Mint State grades, and the present specimen is solidly in the Condition Census. Our sale of the Queller Collection offered an MS64 coin. Two other pieces recorded in Dave Bowers' Silver Dollar Encyclopedia grade MS63, with three MS60 coins listed next. The famous Cardinal Collection lacked this variety, and the Hesselgesser specimen is just AU.
This sharp Mint State piece has full satin luster beneath outstanding iridescent toning with golden-brown, heather, and blue-green on the obverse. The reverse is mostly deep gold with iridescent highlights. (Variety PCGS# 40097, Base PCGS# 6900)

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