Lot 1589
1799 Draped Bust Dollar. . BB-155, B-19. NGC graded AU-53. Light even grey toning with very choice surfaces (excepting only a short hairling in the obv. field at right). 1799 BB-155 is one of the key rarities of the year. It has been estimated that as few as 70 to 110 exist today. Yet, as of the early 2000s, there are more coins offered than there are specialized collectors desiring to pay a large premium for them; thus, circulated specimens sell for slightly more than "type" prices and are excellent values. The average range is Very Fine or Extremely Fine; higher grade coins like this attractive AU53 are reserved for the more astute collectors of rare varieties, who do not have to be concerned with prices being pushed up by competition from investors. Pop 1; 1 in 55; 1 in 58.
In 1799, the United States government almost went to war against France. Congress suspended all trade with that nation and her colonies. The frigate Constellation captured French Insurgente. But by March, 1799, President Adams appointed William Varns Murray as the new Minister to France. The latter headed the peace commission which ended hostilities with France and Napoleon's government.
Estimated Value $6,500 - 7,500.
Ex Dr. Hesselgesser.
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