1799
Set - Choice and Rare 1799 Early Coins Set
1799/8 Large Cent -
1799 Silver Dollar - 1799/8 Silver Dollar - 1799 Half Eagle,
Small Stars Reverse - 1799 Eagle Small Stars Obverse - 1799
Eagle Large Stars Obverse
1799, A Brief History
In 1799 John Adams was still president and
Thomas Jefferson was his vice president. Eli Whitney, who
held a 1798 United States government contract for the manufacture
of muskets, was introduced to the French concept of interchangeable
parts, which became the origin of the American system of
manufacturing. A 12 year old boy named Conrad John Reed
found a “heavy yellow rock” along Little Meadow
Creek in Cabarrus County, North Carolina. When Reed’s
father, John found out that the rock is gold in 1802, the
first gold rush in the United States began.
In 1797, a real estate bubble in land speculation
burst. It was caused by deflation by the Bank of England
that came to North America and disrupted markets in the
United States and Caribbean. Despite the major financial
panic, prosperity continued in the South. In the North there
was economic stagnation for three years.
During this time the United States was engaged
with France in the Quasi-War, which was also known as the
Franco-American War. In 1794 President Washington sent John
Jay to London to negotiate a treaty with Britain that would
prevent them from impressing American sailors who had allegedly
deserted the British navy. Although Washington believed
in American neutrality, the British wanted to prevent the
United States from trading with France. When the Jay Treaty
was signed, France interpreted it as a new alliance with
her old enemy. She retaliated by seizing American ships
carrying British goods. In 1797, France was run by a group
of five men known as The Directory. The American reaction
was in response to a demand that the United States would
have to pay the five members of The Directory $50,000 each
and pay tribute to France in the form of a $10,000,000 loan.
The French were mad about the treaty with England, and they
wanted the bribe to stop their attacks on United States
shipping. American delegate Charles Pinckney actually responded,
"No, no, not a sixpence, sir!" The quote, "Millions
for defense, but not one cent for tribute," was actually
made by Robert Goodloe Harper as a toast at a dinner shortly
after the American delegation returned home. The next day
a newspaper printed the toast from the night before and
soon people began using it as a rallying cry.
President Adams responded by asking Congress
to appropriate funds for defensive measures. These included
the augmentation of the Navy, improvement of coastal defensives,
the creation of a provisional army, and authority for the
President to summon up to 80,000 militiamen to active duty.
Congress passed the Alien and Sedition Acts to curb dissent,
created the Navy Department, organized the Marine Corps,
and cancelled the treaties of alliance and commerce with
France that had been negotiated during the War of Independence.
Incidents, some bloody, soon took place on the high seas.
From the outset, however, President Adams tried to find
a peaceful solution with honorable terms for the United
States. He talked pugnaciously and urged a military buildup,
but his goal was to demonstrate American resolve and, he
hoped, bring France to the bargaining table. During the
fall of 1798 and the winter of 1799, he received intelligence
indicating a French willingness to talk. When Talleyrand
sent unofficial word that American diplomats would be received
by the French government, Adams announced his intention
to send another diplomatic commission to France. By the
time the commissioners reached Paris late in 1799, Napoleon
Bonaparte had become the head of the French government.
After several weeks of negotiation, the American envoys
and Napoleon signed the Treaty of Mortefontaine, which released
the United States from its Revolutionary War alliance with
France and brought an end to the Quasi-War. Adams later
said that the peace he arranged with France was his greatest
achievement as a public servant.
Domestic policy in 1799 reflected foreign
affairs. Adam’s inclination was to let Congress handle
domestic affairs and deal with foreign policy himself. However,
because of his extensive diplomatic experience, he mixed
both foreign and domestic policy because foreign affairs
often caused a domestic reaction. After the XYZ affair,
the name give to Talleyrand’s attempted bribery, American
was more inclined to be opposed to France and its interests.
The Federalists wanted to crush the pro-French Democratic-Republican
Party of Jefferson. In 1798 Congress passed the Alien and
Sedition Acts, which Adams signed into law. Three of these
laws were aimed at immigrants, who usually voted for the
Democratic-Republicans. The Naturalization Act made longer
the residency requirement for citizenship from five to fourteen
years. The Alien Act allowed for detention of aliens without
counsel or trial. The Sedition Act outlawed conspiracy to
hinder the enforcement of federal laws. During the final
year of the Adams administration, there were fifteen indictments
and ten convictions under the Sedition Act. While no aliens
were deported or arrested, hundreds fled the country in
1798 and 1799. To pay for the increasing cost of the military,
new federal taxes were levied. In eastern Pennsylvania,
farmers rioted and attacked federal tax collectors. This
incident was called Frie’s Rebellion. Although several
members of the rebellion were captured and sentenced to
death, Adams pardoned all on the eve of the 1800 election.
Thomas Jefferson and James Madison opposed Adams’
use of federal power. Believing that through the state legislatures
they had the authority to judge the correctness of federal
actions, they pronounced the Alien and Sedition Acts null
and void. This action raised the question of states’
rights and how conflict would be resolved between the federal
and state government without secession or war.
The heraldic eagle reverse, which first
appeared in 1795 on the half eagle, was in use in 1799 on
the silver dollar and both the gold half eagle and eagle.
By reversing the positions of the arrows and olive branch,
designer Robert Scot was probably following orders to send
a message to France and others to be mindful of United States
sovereignty. After all in declaring and fighting for independence,
the United States had just defeated Great Britain, a superpower.
Some researchers, notably Walter Breen, contend that Scot
made a design error in copying the Great Seal of the United
States or that it was a “tasteless military brag.”
However, at this time when design errors were made, they
were quickly corrected. For example the 15-Stars Reverse
silver dollar of 1799 was corrected to a 13 star arrangement.
We are able to recognize it as a correction because remains
of the two stars are easy to see under the clouds. We also
notice the peculiar arrangement of the remaining stars.
The point is that had Scot made an error in heraldry, it
would have been quickly corrected and not allowed to be
used until 1807 on the quarter and half eagle coins. The
French would have been particularly sensitive to the message
within the heraldry caused by the arrows being in the eagle’s
dexter or more honorable (observer’s left) claw with
the olive branch in the sinister claw. Rather than a brag
or an error, as Breen suggests, it seems to be a warning
which persisted from 1795 to 1807.
1799 Large Cent
1799
Large Cent - This circulated 1799 Large Cent is
identifiable by date and type. The surfaces show moderate
porosity and extensive wear, in keeping with the grade.
The devices are chocolate brown over darker fields. The
marks on the center of the reverse are scuff marks on the
holder not the coin. The CAC sticker indicates that the
coin is a premium quality piece and fully merits the assigned
grade.
Since the coin is a regular
date piece, it is identified as the S-189 variety. LIBERTY
is evenly and closely spaced in its usual position. On the
reverse, the E in UNITED and the F in OF are heavily recut
at the crossbars. There is also a die chip between the E
in ONE and the T in CENT. This variety has an R2+ rarity
rating.
The Drape Bust cent was
first struck in 1796. It was the second design type for
the year. The design by Robert Scot was from a drawing by
Gilbert Stuart that was first used in 1795 for a silver
dollar.
The design shows in profile
a draped bust of Liberty facing to the right and slightly
upwards. Her hair is tied in the back with a ribbon, but
most of it flows down behind her shoulder. Above her head
is LIBERTY, and the date is below. A portrait of Ann Bingham
is the source of the design. John Eckstein translated this
drawing to models for Engraver Robert Scot.
Evidently Eckstein made
the models poorly, which might explain why Stuart’s
family refused to acknowledge his role in the coinage design.
The reverse shows the denomination ONE CENT enclosed in
an open laurel wreath that is tied at the bottom with a
ribbon. UNITED STATES OF AMERICA surrounds the wreath, and
the fraction 1/100 is below. Dentils are at the edge on
both sides, and the coin has a plain edge.
All 1799 cents are rare
and sought after by collectors and investors. They are especially
prized by collectors of large cents because of their scarcity.
Many are found with altered dates and/or are electrotype
copies. (All USRCI coins are certified by one of the major
grading services and are guaranteed genuine and authentic.)
In its population report, as of December 2012, CAC has confirmed
1, the present coin, in FR02 with 8 better.
1799/8 Large Cent
1799/8
Large Cent - The overdate coinage shows us the
Mint’s frugality. Since die steel was in short supply,
it was easier to cut a 9 over an existing 8 rather than
remake a die that had become out dated. The new die was
used in two combinations resulting in the S-188 die variety
and the NC-1. The third 1799 cent was made from a die with
a perfect date.
The 1799/8 Large
Cent is a Draped Bust type that was minted from
1796 to 1807. Liberty wears a low-cut top. Her hair is partially
tied up with part falling loose. The 1799 Large Cent is
one of the most famous among early copper collectors. In
the 1800s pioneer American numismatist Joseph Mickley attempted
to locate an example because 1799 was his birth year. According
to Mint records, over 900,000 were produced; however, the
actual mintage was considerably smaller.
Today, approximately 900
cents of this date are known. This number is comprised of
three die varieties, a normal date and two overdates. Almost
always found in lower grades, there are about 700 normal
dates and 200 with a 1799/8 overdate.
The S-188 die variety has
the 1799/8 overdate obverse, which it shares with the prohibitively
rare NC-1. LIBERTY is farther to the left than usual and
evenly spaced except for the letters IB, which are close
to each other. The second 9 is over the 8, and its knob
is connected to the top of the 9. On the reverse of the
S-188, the third outside and inside pairs of leaves have
no stems and are not connected to the wreath.
This variety has an R4 rarity
rating, which means that 76 to 200 examples are known in
all grades. This variety is also seen with a heavy triple
die break on the upper left obverse.
1799 Silver Dollar
1799
Silver Dollar - The only silver coin struck in 1799
was the silver dollar. It had a reported mintage of 423,515.
However, since mintage figure shows the number of coins shipped
in a year, it may be that some of these were made in and dated
1798. The coin uses the Draped Bust obverse combined with
the Heraldic Eagle or Large Eagle reverse.
The Draped Bust design, taken
from a drawing by Gilbert Stuart, changed the look of the
obverse. Some of Liberty’s hair was now tied with a
ribbon. The portrait is larger with drapery from Liberty’s
bosom to her shoulder. It replaced the Flowing Hair dollar
that showed Liberty’s hair loosely tied behind her head
with most of it flowing freely.
The reverse showed Scot’s
heraldic eagle with the arrows and olive branch in the wrong
talons. It replaced the Small Eagle type which some contemporaries
said looked like a “cross between a starved pterodactyl
and a hungry vulture.” The Heraldic Eagle continued
in the dollar series until its use on the silver dollar of
1804.
The 1799 issue had a number
of varieties, 28 of which have been identified. The pictured
BB-157 is a Normal Date that shows light clash marks at the
top of the numerals between the two nines and to the right.
There are also clash marks under Liberty’s throat. On
the reverse the U in UNITED is imperfect on its upper left
side. The BB-157 has an R-2 rarity rating, which means that
501 to 1,250 exist in all grades.
1799/8 Silver Dollar
1799/8
Silver Dollar - The 1799/8 silver dollar is the
BB-141 variety. The coin has an overdate obverse combined
with a Fifteen Star reverse. The obverse die was intended
for use in 1798, but it was never used for that year. The
last 9 was punched over the previous 8 causing the overdate.
On the reverse, the engraver
evidently first punched seven stars into the top row below
the clouds. When he realized his mistake, he enlarged Clouds
1 and 8 to cover the stars at the ends making it a row of
five stars; however, both of the extra stars protrude from
the bottoms of the clouds.
The middle row of stars
was six, which he left alone. With two at the bottom, he
had the correct total number of stars, not counting those
he tried to cover up, in an unusual arrangement. The BB-141
has an R-2 rarity rating, which means that 501 to 1,250
exist in all grades.
1799 Half Eagle, Small Stars Reverse
1799
Half Eagle - There are seven varieties of the Small
Stars Reverse 1799 half eagle. All are rare. The pictured
coin is identified as BD-6. It has a wide date with the
last 9 recut on its lower right. The first 9 is as low as
the 7, and the last 9 is higher. It is recut because it
was previously punched to the right. The reverse has small
stars in an even arc pattern. The upright of E in STATES
is over the space between two clouds. There is a die crack
from the rim to the lower left part of A in STATES.
The coin is lightly circulated
with an above average strike. Good detail is present on
Liberty’s hair, a couple of the obverse stars, the
upper part of the shield, the lower part of the eagle’s
neck, and the wings. Just a touch of wear is present on
the highest points of the coin. The surfaces are original
and clean for the grade with no individually distracting
abrasion marks, and there are no adjustment marks. Except
for the upper left on both sides, the dentils are full.
Significant, bright mint luster remains within the devices.
The obverse design shows
Liberty facing right. Below her is the date which is off
center to the left. Between the date and the word LIBERTY
on the left side of the coin are eight stars. Five stars
follow LIBERTY down to the bust. Liberty wears a large,
soft cap. Her hair flows down and also shows on her forehead.
The design was probably taken from a Roman engraving of
a Greek goddess. Liberty’s cap was certainly not a
Phrygian or liberty cap. The liberty cap, emblematic of
freedom, was worn by freed slaves and freed gladiators in
Roman times. It was a close fitting cap used to cover a
shorn head, which was one of the way slaves were identified.
The oversized cap worn by Liberty has been called a turban,
and the design has been called the Turban Head because of
it.
The reverse shows a heraldic
eagle. However, Scot mixed up the positions of the arrows
and olive branch. The arrows held in the wrong claw signify
defiant militarism. Either Scot made an error copying the
image of the Great Seal, or he deliberately changed the
symbolism. Perhaps the design was a warning to France, with
whom the United States was engaged in an undeclared naval
war, and others to be mindful of the new country’s
sovereignty. In the field above the eagle are thirteen stars
and above them, seven clouds. A banner from wing to wing
has the motto E PLURIBUS UNUM. The early half eagle coins
have no denomination because gold was valued by its weight
and fineness as was the European coinage of the time. Dentils
are at the periphery of both the obverse and reverse of
these coins, and the edge is reeded.
The BD-6 Small Stars Reverse
half eagle has an R5 rarity rating, which means that 40
to 50 are known in all grades.
1799 Eagle - Small Stars Obverse
1799
Eagle - Small Stars Obverse. The earliest eagles
were larger and heavier than half dollars. They had one
obverse and two reverses. The coins of 1795 to 1804 had
the so called Turban Head obverse. It shows a large head
of Liberty facing right, her hair in waves down her neck
with one large strand wrapping around her cap, giving it
a turban-like appearance.
The word LIBERTY is at the
top and 13 to 16 stars fill out the rest of the periphery.
The scrawny eagle on the reverse, somewhat reminiscent of
the earliest dollars, is perched on a palm branch holding
a small wreath in its beak. No denomination was used since
gold and silver coins in those times were valued for their
metallic content. In 1797 the heraldic eagle replaced the
scrawny one.
Both reverses were used
in that year, but the new design lasted until 1804 despite
the reversal of the arrows and olive branch in the eagle’s
talons. There were two varieties in 1799, a Small Obverse
Stars and a Large Obverse Stars. The Small Stars punch was
used first and evidently broke while in use.
The Small Stars variety
is rarer than the Large Stars. The BD-8 has a tilted date
with the 7 higher than the 1. On the reverse the point of
Star 12 touches the upper beak as the eagle appears to bite
its tip. The BD-8 has an R5 rarity rating, which means that
45 to 55 are known in all grades.
1799 Eagle - Large
Stars Obverse
1799
Eagle - Large Stars Obverse. The 1799 Large Stars
obverse punch was used through 1801 when it was replaced
with another Large Stars punch. The BD-10, in addition to
Large Stars on the obverse, has distinctive reverse features.
A leaf from the olive branch touches the lower right of
the letter I in AMERICA.
The eagle’s lower
beak touches the point of Star 12, and the upper beak extends
and nearly touches the same star. One of its points touches
the ribbon as well. The reverse die was also used in 1800
and 1801. The BD-10 has an R3 rarity rating, which means
that 300 to 400 are known in all grades.