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January 09, 2015

COIN OF THE WEEK

1801 Draped Bust Silver $1 PCGS MS61
Click on Coin Image to enlarge


1801 Draped Bust Silver $1 PCGS MS61 - $37,250.

Long recognized as a date that just doesn't present itself well. This 1801 specimen is well struck and solid for the grade. In its population report, there is only 1 MS61. When more collectors begin to focus on die varieties of these early dollars, high grade, scarce pieces such as the present coin will substantially increase in value.

This impressive Draped Bust silver dollar has Sufficient detail is found on the hair above the forehead, the hair over the ear, and the lines of the drapery to support the grade. The strike is especially strong, especially on the stars above the eagle, which are often weak. For the grade, the surfaces are particularly clean and pleasing.

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

The coin was designed by Robert Scot, whom Thomas Jefferson chose to be the first Chief Engraver of the United States Mint on November 23, 1793. Scott 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’s ability to make dies was limited, and he was advanced in years with failing eyesight. His work was somewhat less than that done in Europe at the time, and Scot was criticized for its poor quality. He was responsible for designs of most of America’s first coins. These include the Flowing Hair and the Draped Bust motifs used on early sliver 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.

Researchers have questioned Scot’s placement of the arrows and olive branch in the wrong talons on the reverse of this type, which was taken from The Great Seal of the United States. They should have been reversed with the olive branch in the eagle’s right claw. Perhaps Scot was told to change the symbolism because the United States was engaged with France in an undeclared naval war at the time this coin was designed. This symbolism could have been used to make a statement to France and others about the sovereignty of the United States.

This specimen is identified as a BB-211. The obverse of this die pairing has the distance from the 1 in the date to the curl about the same as the distance from the top of the Y to star 8. It is the Wide Date variety with the most space between 180 and 01 closer together. The reverse has the arrowhead under the U in UNITED, which is diagnostic for the variety because the reverse die was used to strike BB-211 only. The point of the star almost touches the point of the lower part of the eagle’s beak.


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NEW COINS ADDED - (The week of 1/09/2015)

1808/7 Draped Bust 1/2C NGC AU58BN. RARE OVERDATE

1837 Classic 1/2C PCGS PR64BN. LOVELY CHOCOLATE SURFACES

1907 Barber 50C NGC PR66 CAMEO. GEM WHITE

1906-D Barber 50C PCGS MS66. A SATIN GEM

1905-S Barber 50C PCGS MS67. SATIN WHITE

1905-O Barber 50C PCGS MS66. GEM GORGEOUS COLOR

1903-O Barber 50C PCGS MS66. A SATIN ORIGINAL GEM

1900 Barber 50C NGC PR68 CAC

1899 Barber 50C PCGS MS65. AN ORIGINAL GEM

1898 Barber 50C NGC PR68 UCAM

1890 Liberty Seated 50C NGC MS68. SUPERB GEM

1887 Liberty Seated 50C NGC MS67. LOVELY TONING

1874 Liberty Seated 50C PCGS PR65. ARROWS. LIGHT AMBER COLOR

1874 Liberty Seated 50C NGC PR66 CAM. ARROWS. GEM WHITE

1874 Liberty Seated 50C PCGS PR65. ARROWS. GEM PROOF

1873 Liberty Seated 50C NGC PR66. ARROWS

1872 Liberty Seated 50C NGC PR66 CAMEO. GEM WITH PERIPHERAL TONING

1867 Liberty Seated 50C NGC PR66. GEM PROOF

1866 Liberty Seated 50C NGC PR66 CAMEO. WITH MOTTO. GEM CAMEO

1901 Morgan S$1 PCGS MS63. VERY SCARCE IN GRADES THIS HIGH

1836 Gobrecht Silver $1 PCGS PR61. ORIGINAL, COIN ALIGNMENT

1802 Draped Bust Silver $1 PCGS Proof 65 CAMEO CAC. FINEST 1802 PROOF $1. ONLY 4 KNOWN TO EXIST!!!

1799/8 Draped Bust Silver $1 PCGS MS62. 15 REVERSE STARS

1901 Morgan Silver $1 PCGS PR66 CAMEO. RICHLY TONED

1900-S Morgan Silver $1 PCGS MS66. GEM SATIN WHITE

1897-S Morgan Silver $1 PCGS MS66 PL CAC. WHITE PROOFLIKE

1896-S Morgan Silver $1 PCGS MS65+. GLORIOUS COLOR

1895 Morgan Silver $1 PCGS PR63. CHOICE WHITE. KING OF THE PROOF MORGANS

1894-O Morgan Silver $1 NGC MS65. GEM SATIN WHITE. TIED FOR HIGHEST GRADED AT NGC

1893 Morgan Silver $1 PCGS MS65. WELL STRUCK

1892-O Morgan Silver $1 PCGS MS65. GEM WHITE AND FULLY STRUCK

1892 Morgan Silver $1 NGS PR67 CAMEO. GEM WHITE CAMEO

1892 Morgan Silver $1 PCGS MS65

1928-S Peace $1 NGC MS65. GEM WHITE AND WELL STRUCK

1925-S Peace $1 NGC MS65. GEM SATIN WHITE

1923-S Peace $1 PCGS MS65. A WELL STRUCK GEM

1922-S Peace $1 NGC MS66. SATIN WHITE

1880 Trade $1 NGC PR66. LIGHT AQUAMARINE PERIPHERAL TONING

1880 Trade $1 NGC PR65 CAMEO. GEM WHITE CAMEO

1879 Trade $1 PCGS PR65

1877-S Trade $1 NGC MS65. A GEM

1877-S Trade Silver $1 PCGS MS65 CAC. GEM MINT STATE

1875-CC Trade Silver $1 PCGS MS64. ONLY 2 GRADED HIGHER AT PCGS

1874-CC Trade Silver $1 PCGS MS63. SATIN WHITE

1873-S Trade Silver $1 NGC MS65. A SATIN GEM

1873 Trade Silver $1 PCGS MS65. FIRST YEAR OF ISSUE

1873 Liberty Seated Silver $1 PCGS PR65. GEM PROOF

1872-CC Liberty Seated Silver $1 PCGS AU55. STILL WITH SIGNIFICANT LUSTER

1872 Liberty Seated Silver $1 NGC PR65. GEM PROOF

1871 Liberty Seated Silver $1 NGC PR66 UCAM. GEM WHITE DEEP CAMEO

 

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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