Lot 3031
1798. Small eagle, 15 stars on obverse. BB-81; B-2 R5. PCGS graded EF-40. Nice light gold and grey toning. Very good hair details for the grade. Nice eye appeal. Rarely does the collect have the opportunity to choose among so many high-quality, naturally toned silver dollars of this design. Here, we offer an attractively toned example whose color spans both sides in a balanced display. Both crisply struck and problem-free, what an ideal selection to represent the scarce 15 stars draped bust, small eagle variety! Pop 8; 16 finer for the date at PCGS. (PCGS # 6868) .
According to reports, the large coinage of silver dollars in 1798 and 1799 had an unexpected side issue: in those days, it had been the practice for importers of foreign-made goods to tender Spanish dollars in exchange, but the availability of the American coin in these two years made it easier to use the domestic money. Many American dollars were sent to the port of Canton in China to pay for Asian luxury goods. These dollars rarely returned. American dollars also found their way to the West Indies where they were exchanged for Spanish portrait and "pillar" dollars.
Estimated Value $8,000 - 10,000.
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| Realized $9,200 |
