1795 DRAPED BUST DOLLAR SELLS FOR £28,000

A 1795 American silver dollar has been sold at a Suffolk auction house for a stunning £28,000.

Mr Sadler said: “Bidding for it was ferocious.

“It has gone to a good home in the UK, but I wouldn’t be surprised if it eventually went back to the USA.”

The Lockdales coins and collectables sale catalogue had a guide price of £5,000 to £8,000 against the rare dollar.

Bidding started at £10,000 and continued to rise.

To read the complete article, see:
Rare 220-year-old silver dollar sold at Martlesham auction for £28,000 (www.eadt.co.uk/news/rare_220_year_old_silver_dollar
_sold_at_martlesham_auction_for_28_000_1_4942139)

This silver dollar that recently sold at auction in London is an example of the 1795 B-14, BB-51 die marriage. Traditionally this Type was known as, “1795 Draped Bust Left.” Today the PCGS terms this the, “Off-center Bust” Type, and the Red Book calls it, “1795, Uncentered Bust.”

At first glance the photo of this 1795 Draped Bust, Small Eagle Dollar looks like a really nice coin. In particular the strike on the eagle’s breast feathers appears to be strong for the die marriage, as does Liberty’s hair. The color is slightly dark, but (from the photo) the coin looks like a 200+ year coin should. I can’t really tell much about the lustre from the photo, nor can I enlarge it and see the surface detail. From a details standpoint the coin seems to be AU58, with slight wear noted on the high points.

On the other hand, nothing pays off like having a trusted person look at an expensive coin for you. What I couldn’t see in the photo (per my European representative) is, “The coin has significant graffiti in the right obverse field, and minor graffiti on the upper reverse. The toning is "second generation", at best.”

This coin realized approximately $30,200 U.S. This is about what a (unimpaired) PCGS AU58 example might sell for at auction.

W. David Perkins
Centennial, CO
www.davidperkinsrarecoins.com/

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