Lot 5022
1796 B-4, BB-61 Small Date Large Letters Rarity 3. PCGS graded AU-55. Subset of PCGS # 6860. In a new secure plus holder. Delicate surfaces are untouched by spotting or marks on this intensely pleasing Draped Bust, Small Eagle dollar, the light to medium gray toning graces satiny and dynamic surfaces. Since our observation is that this date is often well struck, then this sharp coin has every suggestion of precision manufacture as seen in hair curls, the drapery folds, as well as the plumage on the eagleís wings. Light detail down the leg as always; full leaves in the wreath, however.
Late in the year 1795 the Draped Bust obverse with Small Eagle reverse was adopted for silver dollar coinage. Artist Gilbert Stuart, contemplating the Flowing Hair motif, remarked in 1795 that "Liberty on the other coins had run mad. We will bind it up and thus render her a steady matron." Accordingly, Stuart created what we know today as the Draped Bust obverse motif.
The new design depicted the draped bosom of Liberty facing right, the word LIBERTY above, the date below, and stars to left and right, on the obverse. The reverse showed an eagle perched on a cloud within a wreath composed of an olive branch to the left and palm leaves to the right, tied with a bow at the bottom. The inscription UNITED STATES OF AMERICA surrounds, with particularly wide spacing between the words.
The 1796 BB-61 dollar is the most common variety of the year. Most are in middle circulated grades, with VF being the median. EF coins turn up with regularity in dealers' stocks and auctions and make a nice "type" coin. In AU or better grade 1796 BB-61 is very rare. Pop 1; none finer at PCGS for the variety (PCGS # 40000) .
Estimated Value $30,000-UP.
The Dr. Hesselgesser Collection.
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| Realized $30,000 |
