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1803 Draped Bust Dollar. Large 3 BB-255 NGC AU53

Currency:USD Category:Coins & Paper Money / US Coins Start Price:3,500.00 USD Estimated At:7,000.00 - 10,000.00 USD
1803 Draped Bust Dollar. Large 3 BB-255 NGC AU53
BB-255. Minor adjustment marks at the lower left rim; in other areas, choice and attractively toned. 1803-dated dollars were the last produced during the early nineteenth century. By this time it had become profitable to export or melt newly-minted dollars, and the continued production of them would have been an exercise in futility. Had it not been for this factor, coinage undoubtedly would have continued for many years. The existence of so many worn early dollars of the 1794-1803 years is mute testimony to their success in domestic channels of commercial circulation (other dollar-sized coins, notably the Spanish-American issues, circulated very effectively as well). After the end of the Draped Bust obverse, Heraldic Eagle reverse coinage, the mantle fell to the half dollar to be the largest silver coin of the realm, a mandate the denomination filled admirably. A very lustrous, well preserved specimen of this final year, with nice details in the hair and drapery along with the eagle's body and wings, the shield with all its stripes. (#6901)