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CSNS Signature US Coin Sale 1254  26-28 Apr 2017
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Lot 4094

Estimate: 1 USD
Price realized: 45 000 USD
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Early Dollars
1802 $1 Narrow Date, B-6, BB-241, R.1, MS63+ PCGS Secure. Bowers Die State III. The wide separation between the 8 and 0 in the date, the 2 high but not touching the bust, and the missing right foot on the T in LIBERTY all aid in attributing this Narrow Date obverse. This is the sole use of this obverse die.
The reverse die, however, was employed in striking the 1801 BB-212, the 1802/1 BB-231 and BB-232, the present 1802 BB-241, and two or three 1803 varieties (the existence of one is uncertain): BB-253 (?) and BB-254 and BB-255. The third cloud from the left shows a straight spur of extra metal protruding from the bottom, and the eagle bites down on a star point slightly back from its tip. The 13th arrow is dodgy to find. The first A in AMERICA touches feather 3 and is connected by a tiny die crack to feather 4.
Among 1802 dollars, the BB-241 is many times more plentiful than all other 1802 and 1802/1 varieties. Despite the reported mintage of only 41,650 dollars in the year, the large number of survivors of 1802 and 1802/1 dollars indicates that further production was likely in 1803 and possibly in 1804.
All of the foregoing makes this Select Mint State BB-241 a top-notch candidate to become a member of an equally fine type set -- as do its inherently strong production criteria. Attractive rose patina on both sides complements a bold strike on a well-centered planchet free of major post-Mint distractions. The relative availability of this variety among early dollars, simply stated, translates into "more bang for the buck" when a piece such as this comes along.
This piece appears to lie just outside of the Condition Census for the date, given that PCGS reports five Gem examples of the 1802-dated silver dollars (all varieties) including one MS65+ as its finest. Another four examples are graded MS64 and 11 are called MS63. Bowers' Notable Specimens in his second-edition reference enumerates seven Gem examples and 11 in MS63, adding, "Many more Choice Uncirculated specimens could be listed."

HID02901242017
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