Lot 1058
1797 Draped Bust $1 B-3, BB-71. Rarity 2. PCGS graded VF-30 PQ. Nice old time toning. The shades variegated with russet brown to mid-level "antique" gray hues predominant over both sides. A few light abrasions in the fields, though generally sharper appearing than your average VF30 example of this variety, and so we give it a "PQ" ranking.
So little silver bullion was being deposited in 1797 that Mint officers, especially Assayer Joseph Richardson, went to great lengths to encourage depositors to bring in silver themselves. In June 1797 even Secretary of State Thomas Jefferson brought 300 Spanish dollars to the Mint for recoinage. Criticism by the Congress was building up over the low coinages. (The silver famine at the Mint began to end toward the end of 1797 and by early in 1798 there was a sufficient supply.) Pop 29; 88 finer (PCGS # 6865) .
Estimated Value $5,000 - 5,500.
Ex: Hesselgesser Collection.
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| Realized $4,600 |
