Price: 13,500.00 - SOLD - 7/09/2012* Free Shipping and Insurance for coins at $10K or above.
1799 Silver Dollar - 1799 Early $1 7x6 Stars, NGC AU58. BB-157. This rare variety, near-Gem 1799 Silver Dollar has the look of an uncirculated coin. Just a touch of wear on Libertys hair keeps this lovely slider from the uncirculated category. The surfaces are original and clean, for the grade. The coin has a medallic look with light tan and silver grey mixing on its lustrous devices. The strike is above average with full details on the hair on top of Libertys head, the drapery, about half of the obverse stars, the shield, the wings, the upper stars, and the clouds. Thomas Jefferson chose Robert Scot to be the first Chief Engraver of the United States Mint on November 23, 1793. During the Revolution, he had been an engraver of paper money. His ability to make dies was limited, and he was advanced in years with failing eyesight. His work was poorer in quality than that done in Europe at the time, and Scot was criticized for it.
Scot was born in 1744 in Edinburgh, Scotland or England. (Documentary evidence is lacking as to where he was born.) He was trained as a watchmaker in England and learned engraving afterwards. He moved to the United States in 1777, where he worked as an engraver of plates, bills of exchange, and office scales. During the Revolution, he was an engraver of paper money. In 1780 he was made the State Engraver of Virginia. He moved to Philadelphia the next year. He was appointed Chief Engraver of the United States Mint on November 23, 1793 by David Rittenhouse, Mint Director. His salary in 1795 was $1,200 per year. The Mint Director received only $800 dollars per year more. Scot was responsible for designs of most of Americas first coins. These include the Flowing Hair and the Draped Bust motifs used on the early silver coins, and the gold quarter eagle, half eagle and eagle. Scot also designed the 1794-1797 half cent, the 1800-1808 draped bust half cent, and the Thomas Jefferson Indian Peace Medal. Scot died on November 1, 1823 and was succeeded by William Kneass as Chief Engraver.
The Draped Bust, Heraldic Eagle silver dollar was made from 1798 to 1804. The design shows a draped bust of Liberty in profile facing right. Above is LIBERTY, and below is the date. Seven six-pointed stars are to the left and six are to the right. The portrait on the obverse of the Draped Bust, Heraldic Eagle silver dollar, taken from a drawing by the famous artist Gilbert Stuart, is of Ann Bingham. John Eckstein translated this drawing to models for Engraver Robert Scot. Evidently Eckstein made the models poorly, which might explain why Stuarts family refused to acknowledge his role in the coinage design. The heraldic eagle reverse shows the eagle with up stretched wings and a Union shield on its breast. A banner inscribed E PLURIBUS UNUM curls across the left wing and under the right. Except for the wing tips, the inscription UNITED STATES OF AMERICA is in an arc near the periphery. Thirteen stars are above the eagles head under the clouds in an arc pattern. Dentils are near the edge on both sides of the coin. The edge is lettered HUNDRED CENTS ONE DOLLAR OR UNIT with ornamentation between the words.
Bowers indicated that the B-157 variety is relatively abundant in grades VF to XF. However, he notes that higher graded coins are hard to find. In its population report, NGC shows 4 1799 BB-157 in AU58 condition with 3 better. At PCGS there are 2 in AU58 with 1 better, and these numbers do not account for crossovers or resubmissions.
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