Lot 1252
1801 B-3, BB-213 Rarity 3 Sharpness of Fine. Cleaned long ago but acceptable nonetheless. The dates 1801, 1802 and 1803 are scarce relative to the much higher mintage 1798, 1799 and 1800 issues. Whereas during the period 1794-1799 the intrinsic value of the silver dollar had not exceeded its face value, in 1800 the dollar became worth slightly more as bullion than face value. In 1801 a silver dollar was worth about $1.03. For this reason, mintages declined. As silver dollars continued to be worth more than face value, most (including earlier-minted coins on hand) were melted or exported. The situation was intolerable, and in 1804 production ceased.
Estimated Value $1,500 - 1,600.
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| Realized $2,174 |
