2853

1797 Bust $1. 9 Stars L, 7 R, Sm Letters PCGS AU

Currency:USD Category:Coins & Paper Money / US Coins Start Price:62,500.00 USD Estimated At:125,000.00 - 150,000.00 USD
1797 Bust $1. 9 Stars L, 7 R, Sm Letters PCGS AU
<Our item number 129448><B>1797 Draped Bust Dollar. 9 stars left, 7 right, small letters. PCGS graded AU-58.</B> Rarity 4. A hint of light gold toning. A nice well struck coin. When this high-quality 1797 draped bust silver dollar sold in an ANR sale of June 2005, it was described as: &#34;Even light silver gray with much luster remaining at peripheries and around devices. Sharply struck at peripheries though somewhat soft at central reverse, where several adjustment marks criss-cross at and below the eagle. Some vestiges of adjustment marks are also noted at the reverse rims, especially in the lower left. A little granular and with some marks below Liberty&#39;s ear, hairlines on both sides, splash of dark toning outside star two. A very sharp example of this elusive and popular major variety, labeled by Bowers in his Encyclopedia as &#39;the most famous variety after 1794 and before 1804.&#39; This is the single finest certified by PCGS. Among the finest we have located, finer than the Austin, Aspen, and Eb sen coins by a long shot. Now considered Rarity-4, this variety was long considered a classic rarity and once upon a time was unpriced above VF. As noted in the Bowers Encyclopedia &#34;AU coins are virtually unheard of&#34; and in 1990 the knowledgeable cataloger of the Chalkley collection noted that Superior had offered only five specimens in that firm&#39;s history. Despite a reappraisal of the rarity of the variety as a whole, top grade pieces like this are still exceptionally elusive; few if any surpass this one.&#34;<BR><BR>The toned spot at star two, as well as the location of the adjustment marks confirms this coin&#39;s provenance. <B>Pop 1; none finer @ PCGS</B>, <B>&#40;PCGS # 6866&#41;</B>. <BR><BR>&#40;Some believe this to be the R.L. Miles coin, Stack&#39;s sale of April 1969, Lot 1534. That specimen, though unplated, was described as &#34;Brilliant Uncirculated, golden iridescence, usual adjustment marks in field. The reverse has adjustment marks, as well as a planchet d efect. A rare variety seldom seen in this condition.&#34;&#41;. <BR>Estimated Value &#36;125,000 - 150,000. <I><BR>Ex: Cardinal Collection.</I> <BR><BR>Our item number 129448<BR><IMAGES><P ALIGN="CENTER"><IMG SRC="http://www.goldbergcoins.net/liveauction/44jpegs/129448.jpg"> <BR><IMG SRC="http://www.goldbergcoins.net/liveauction/44jpegs/129448N2.jpg"> <BR><IMG SRC="http://www.goldbergcoins.net/liveauction/44jpegs/129448N3.jpg"> <BR><IMG SRC="http://www.goldbergcoins.net/liveauction/44jpegs/129448N4.jpg"> </P></IMAGES>