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    Description

    1800 Draped Bust Dollar, MS65
    The Finest AMERICAI Dollar, B-19, BB-192
    Ex: 'Colonel' Green-Eric Newman

    1800 $1 AMERICAI, B-19, BB-192, R.2, MS65 NGC. Ex: "Col." E.H.R. Green. Bowers Die State II, with light clash marks on the obverse and a small die flaw below star 1. Some trivial effects of die erosion are evident on the lower reverse. The 1800 Draped Bust dollar claims a substantial mintage of 220,920 pieces, with 16 die varieties known for the date. The coin offered here is the finest-known specimen of the popular B-19, BB-192 AMERICAI variety, easily recognized by the vertical die flaw after the final A in AMERICA and star 8 positioned close to the Y in LIBERTY. The BB-192 is a relatively available variety, with an estimated surviving population of 600-1,100 examples in all grades. The present variety is the only appearance of the obverse die but the AMERICAI reverse was mated with a different obverse die to strike the B-11, BB-191 variety. Both varieties have a combined population of about 1,000 to 1,500 coins. The distinctive die line on the reverse has traditionally been described as a letter "I," resulting in the AMERICAI nomenclature. The actual source of the die blunder is unclear. The die line is nearly vertical with a slight curve at its bottom, perhaps the right side of a stray A (some imagination is required to suggest it is either an I or an A). The die line is clearly not a die crack, nor is it an artifact of die erosion or rust.

    The 1800 "AMERICAI" silver dollar is a key type for die variety collectors, as well as for those who collect the early dollars by major type or Guide Book variety. More than two-thirds of the AMERICAI coins are examples of the B-19, BB-192 die marriage; the balance is from the scarcer B-11, BB-191 marriage. Most survivors of the two varieties grade from Fine to XF, with perhaps two or three dozen AU coins and less than 10 Mint State examples extant.

    As a date, the 1800 Draped Bust dollar has been a collector-favorite since the earliest days of the hobby. Examples began appearing at auction as early as lot 267 of the A.C. Kline Sale (Moses Thomas & Sons, 6/1855). By the 1880s, numismatists like Captain John W. Haseltine and John Colvin Randall had made a detailed study of early dollar die varieties. In the famous Type Table auction of his collection (11/1881), Haseltine described an example of the B-19, BB-192, which he classified as H-19, in lot 171:

    "1800; No. 19; lower star on the right almost as close to the bust as in No. 15, but the lower star on the left is much closer to the hair and the star also further from L; the last 0 in the date very near the bust; rev., same as No. 11; very fine; but little circulated."


    Strangely, Haseltine did not mention the diagnostic die flaw that gives the AMERICAI variety its name in his descriptions of either of the varieties that share this distinctive reverse, H-11 (B-11, BB-191) or H-19 (B-19, BB-192). Instead, he relied exclusively on the relative positions of various design elements to identify the varieties. Lot 171 realized a respectable $2.60 at the 1881 sale. Of course, prices have skyrocketed since then and the record price for an 1800 AMERICAI dollar belongs to the present coin, which realized $223,250 in its appearance in lot 33510 of the Eric P. Newman Collection, Part II (Heritage, 11/2013).

    This specimen, from the Eric P. Newman Collection, was apparently unknown to Q. David Bowers when he compiled his list of Notable Specimens in his 2013 Encyclopedia. That reference records a single uncertified MS65 example from 1985 in the top position and just six other Mint State examples of the two AMERICAI varieties, B-11, BB-191 and B-19, BB-192. Clearly, this coin should at least share the top spot in the Condition Census. This impressive Gem displays a bold strike with satiny silver luster showing mild field reflectivity beneath delicate champagne toning. The obverse exhibits a wide ring of lovely iridescent toning with a narrow ring of similar patina on the reverse. Eye appeal is simply terrific. This coin should find a home in the finest collection or Registry Set of early dollars. This specimen is illustrated as part of NGC's presentation of the Newman Collection at https://www.ngccoin.com/gallery/newman/#81706.
    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 @ $50.00; Eric P. Newman Numismatic Education Society; Selections From the Eric P. Newman Collection, Part II (Heritage, 11/2013), lot 33510, realized $223,250.
    From The HFW² Collection.

    Coin Index Numbers: (NGC ID# 24X9, Variety PCGS# 40082, Base PCGS# 6892)

    Weight: 26.96 grams

    Metal: 89.24% Silver, 10.76% Copper


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    Auction Info

    Auction Dates
    January, 2020
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 23
    Lot Tracking Activity: N/A
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