Lot 1646
1797 Draped Bust Dollar. 9 stars left, 7 right, large letters. PCGS graded EF-40. A hint of light gray with gold toning. A few light adjustment lines through the eagle. The devices that were left by the dies lack a certain precision due to insufficient die pressure, but it often found on this 1797 issue, notice the weak stars on the left, a trait of this variety. Just the same, it was struck with enough force on the reverse that the eagle's eye is revealed along with the nasal opening. Pop 51; 63 finer. (PCGS # 6863) .
"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," explains the Bowers-Borckhardt reference book. Continuing, Bowers says, "I estimate the number to be 60,000 (within about 10%). As noted earlier in the present text, numerous numismatic data suggest that the mintage of 1797 must have been about on a par with that of 1796, or not significantly different."
Estimated Value $7,000 - 8,000.
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| Realized $7,590 |
