Goldberg Coins and Collectibles



Sale 65


 
Lot 5007

1795 B-20, BB-16 Flowing Hair 2 Leaves Rarity 8. PCGS graded VF-35. Subset of PCGS # 6853. In a new secure plus holder. Condition Census #1 of only 3 known specimens. This piece is the only gradeable BB-16 example. The other known pieces are damaged. An exquisite rarity. Both sides display impressive bluish steel toning with golden accents. A lovely example of this elusive item. Pop 1; none finer at PCGS for the variety.

The Hesselgesser Bust Dollar Collection is historically significant in that the quality of these first silver dollars struck by the U.S. Mint is amazing. The current collection contains a nearly complete set of varieties, many of which are the finest known. This is notable because the variety series for early U.S. dollars is difficult to obtain in grades of Extremely Fine or higher. The Hesselgesser Collection has drawn rave reviews whenever it has been displayed. An amazing number of the coins qualify as condition census according to the Bowers-Borckardt silver dollar book or more recent references. The originality of these coins is remarkable in toning, luster and overall eye appeal while adjustment marks are minimal.

The present offering is the famed B-20, BB-16 Flowing Hair dollar. Diagnostics include a perfect curl that touches the inner point of star 1; there is a die scratch from a denticle left of A2. At a glance a specialist will recognize the obverse die, with the delicate curls on Liberty and much more artistic rendering of her profile than on other varieties this year. This obverse die was paired with a three leaves reverse, a variety which is fairly common. However, the obverse die was also paired with this reverse, which was used on the B-8, BB-15 variety which is extremely rare, and the B-20, BB-17 variety which remains unique.

Again, we are honored to offer one of the great rarities in American numismatics, and also one of the most elusive Bust dollars of them all. There are three examples of this die marriage know. The variety first came to light when a low-grade example sold in a Lester Merkin February 1972 sale. That particular coin was graded as Fine-15 in the Bowers Borckardt Encyclopedia. A second specimen was auctioned by Bowers and Merena in 1997. Jules Reiver purchased this coin privately from the Cardinal Collection (via Early Dollar specialist John Haugh) in 1998. That coin is holed. A third example was discovered and auctioned in March of 2000 by Bowers and Merena, but this coin also has initials in the fields. A great rarity and a desirable coin as the only example certified by one of the major grading services, and clearly waiting for a strong buyer to step up to the plate and submit a winning bid. It may require a very substantial source of funds to do so, but the next owner will have the honor (and prestige) of attaching his name to the Provenance record of this, the finest B-20, BB-16 1795 Flowing Hair Dollar of them all!

Of particular interest to the specialist in this series is the fact that most of the known examples of these extremely rare die pairings are damaged to some degree, often with initials in the fields or holes, or both. Furthermore, several are double struck. This raises more questions with each new specimen that turns up. Why are so many of the surviving examples of great rarities damaged, double struck or holed? The number of damaged coins seems to vastly exceed the norm for the date or period. Collectors of die varieties would love to have a selection of high grade pieces to choose from to represent each pairing, but this is simply not the case especially for the rare 1795 and 1796 varieties. Thus, any collector who desires to own an example of this rarity would do well to secure this perfect coin (PCGS # 39983) .
Estimated Value $75,000-UP.
The Dr. Hesselgesser Collection.


 
Realized $94,875
 



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