LOT #2580 |
Sold on Jan 7, 2010 for: Not Sold
1795 $1 Draped Bust, Centered MS64 NGC....
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Sold on Jan 7, 2010 for:
Not Sold Description
Fabulous 1795 Draped Bust Dollar, MS64
First Year of Design, B-15, BB-52
1795 $1 Draped Bust, Centered MS64 NGC. B-15, BB-52, R.2.
The present coin is a magnificent example of this early date silver
dollar, with a combination of high technical grade and aesthetic
appeal that is seldom equaled. Certain to be a highlight of any
collection of early dollars or advanced type set. Writing in 1993,
Q. David Bowers estimated a surviving population of 12-18 examples
of this date at the Choice Mint State level. Allowing for
resubmissions, Bowers evaluation coincides well with current
population data. Only 17 coins have been certified in higher
numeric grades at both NGC and PCGS combined (6/09).The year 1795 saw the introduction of the appealing Draped Bust design on the silver dollar. Modeled after a sketch by prominent portraitist Gilbert Stuart, the draped bust was an artistic improvement on the sturdy flowing hair design of the previous year. Stuart's model was the beautiful Philadelphia socialite Anne Willing Bingham. Official records indicate an initial mintage of 42,738 Draped Bust dollars in 1795, small by silver dollar standards. Only two die varieties are known for the date, with the coin offered here representing the less available BB-52 variety.
Early collectors prized the Draped Bust dollars, and the study of die varieties began at an early date. The BB-52 variety was first described in Haseltine's Type Table Sale (Haseltine, 11/1881), lot 91. Haseltine's description reads, "1795 No. 15; fillet head; head well centered; curl not touching the star; the date closer to the lower star on the left; rev., wreath has 6 berries; fine." The lot realized $2.52. Haseltine's auction catalog became the standard reference for attributing early dollars until Bolender's treatise superseded it 70 years later.
The present coin is fully struck throughout, with fine detail on all design elements. The strong devices are complemented by reflective fields. The surfaces are enhanced by lovely tones of golden-brown, with accents of lilac over the central devices. A few horizontal adjustment marks are seen across the eagle's legs. Overall visual appeal is magnificent.(Registry values: N10218)
Coin Index Numbers: (NGC ID# 24X2, PCGS# 6858, GSID# 7146)
Metal: 89.24% Silver, 10.76% Copper
Weight: 26.96 grams
ASW: 0.77352oz
Melt Value: $13.92
Silver Spot: $18/oz (01-07-2010)
Mintage: 42,738
Auction Info
2010 January Orlando, FL FUN US Coin Auction #1136 (go to Auction Home page)
Auction Dates
January, 2010
6th-10th
Wednesday-Sunday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 1,122
Buyer's Premium per Lot:
15% of the successful bid per lot.
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