1803 $1 Small 3 MS63+ NGC. CAC. B-4, BB-254, R.3....
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Note: The extra increment won't be placed until the item is up for live bidding, so it is possible that you could be outbid by a bid placed prior to live bidding, such as another proxy bid, live proxy bid, mail bid, etc., which could result in your losing the lot by that one increment. For the same reason, it is also possible that a currently losing bid with bid protection placed could potentially win the lot once the lot is subject to live bidding and the Bid Protection increment(s) is placed.
Outstanding Original Example
Obverse Die. The B-4, BB-254 Small 3 obverse shows star 7 noticeably farther from the L than star 8 is from the Y.
Reverse Die. The reverse shows the top of the eagle's beak chomping down on a star point at its tip.
Die State. The Eric P. Newman specimen shows perfect dies with no clash marks, cracks, or lapping, the only known die state for the variety.
Condition Census. The Newman Collection B-4, BB-254, graded MS63+ by NGC and with the CAC approval, just misses the top of the Condition Census. There are two MS64 examples identified, and they may be only slightly finer than the outstanding and original Newman example. There are just five known Mint State examples of this die marriage.
Appearances. This specimen is illustrated as part of NGC's presentation of the Newman Collection at www.NGCCoin.com.
Commentary. The silver dollars dated 1803 were the last regular-issue coins of the denomination that the U.S. Mint struck until the so-called "Gobrecht" dollars debuted in 1836. The bullion value of each dollar exceeded the face value by a few cents, resulting in many U.S. silver dollars being exported or melted (or both).
Two major types of 1803 dollars are identified in the Guide Book, the Large 3 and Small 3 (which early dollar expert and author Milferd H. Bolender called "Thin Top 3"). Guide Book collectors will want both of the two major types, and the Newman Collection offers splendid Mint State examples of each.
Variety specialists will want five different die combinations, four for the Small 3 -- B-1, BB-231; B-5, BB-252; B-4, BB-254; and B-3, BB-256 -- and the sole Large 3 combination, B-6, BB-255. (Most specialists believe that the Small 3 B-2, BB-253 does not exist.)
Like the 1802/1 silver dollars which had five different obverse dies used in striking five different die marriages, the four 1803 Large 3 die marriages were struck with four different obverse dies, each used only once. With the exception of the B-3, BB-256 -- where the reverse die was used solely in that pairing -- the other three Small 3 die marriages were mated to reverse dies that had been used to strike numerous other die marriages.
Provenance. Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $60.00; Eric P. Newman Numismatic Education Society.(Registry values: N7079) (NGC ID# 24XD, PCGS# 6900)
|Items being sold are from the extensive collection of Eric P. Newman Numismatic Education Society (a Missouri not-for-profit corporation) and have been assembled over a period of 90 years. Proceeds of the sale of all items will be used exclusively for supplementing the Society’s museum operations and scholarly numismatic research efforts and for the benefit of other not-for-profit institutions selected by Eric P. Newman Numismatic Education Society for public purposes.|
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