Lot 1320
1797 Draped Bust Dollar. 10 stars left, 6 right. PCGS graded EF-45 BB-71. Nicely toned on both sides. 16 stars, only six at right facing bust. A die dot close to the bottom right of the second digit makes the date read 17.97; the last 7 is high. The star arrangement of 10 stars to the left and six to the right is unique in the dollar series. A well struck example given the low-technology period in which it was made. All the right pieces come together here: high grade, solid aesthetic appeal, rarity (the draped bust, small eagle silver dollars are among the most difficult Types to obtain). A ringing bell isn't required to call your attention to it. Pop 27; 31 finer for this date. BB-71; B-3 (PCGS # 6865) .
According to the Bowers encyclopedia: "In 1797 the number of stars on the silver dollar was increased to 16. The coinage is said by government reports to be the lowest of any year from 1795 to 1803, although now it is believed that the numbers given are incorrect. I believe that most or all of the mintage of 7,776 coins reported for the calendar year may have been of earlier dates, and that most coins struck from dies dated 1797 were actually made in early 1798."
Estimated Value $7,500 - 8,000.
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