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1802 Draped Bust Silver Dollar. BB-241, B-6. Rarity-1. Narrow Date.

1802 Draped Bust Silver Dollar. BB-241, B-6. Rarity-1. Narrow Date.

Extraordinary Near-Gem Mint State 1802 Dollar Among Finest Known 1802 Draped Bust Silver Dollar. BB-241, B-6. Rarity-1. Narrow Date. MS-64+ (PCGS). BB Die State III. A visually spectacular coin with splendid toned surfaces, the overall soft apricot-gray hues are punctuated by delightful steel blue highlights that are most pronounced at the peripheries. The overall bold and well centered strike is accompanied by strong luster in a satin to softly frosted texture. Free of distracting pre- and post- marks that are often found on early silver dollars, it would be a difficult task indeed to find a more visually appealing example of the Draped Bust, Heraldic Eagle dollar design type. As with many of the production figures from the early days of the United States Mint, there is some question regarding precisely how many coins were produced of a specific date in a calendar year. This is the case with the 1802 Draped Bust dollars, where the reported mintage of 41,650 pieces coined in 1802 is certainly lower than the quantity of 1802-dated dollars actually produced. Dave Bowers, in his 2013 Encyclopedia of United States Silver Dollars: 1794-1804, estimates that the number of silver dollars struck using 1802-dated dies is likely closer to 80,000 pieces, coined in both 1802 and 1803, this total based on the number of surviving specimens. Even though seven different die pairings for the 1802/1 overdate have been identified, only two die marriages for the normal date are known to numismatic researchers. The distinctive obverse die used in the BB-241 pairing is characterized by the missing right foot of the letter T in LIBERTY, which is readily apparent in all die states and diagnostic; this obverse was only used for this die pair. The BB-241 die marriage is far and away the most available of the entire issue with an estimated 1,500 to 2,750 coins extant, primarily in the Very Fine to Extremely Fine grade range, though with about 50 to 70 Mint State pieces known. Even though a number of notable Mint State specimens are listed in the Bowers Encyclopedia, including a few at the MS-65 level of preservation, this coin does not appear to be found among that roster. Because some of the sales were held in the days prior to third-party grading and certification services, positive identification of individual examples in today's market may not be possible with absolute certainty. Due of its comparative availability, the BB-241 variety has long been popular with collectors at all levels of preservation, not only to represent the 1802 issue, but also among type collectors seeking just one example of the Draped Bust, Heraldic Eagle design. Given the overall paucity of near- and full Gem Uncirculated examples of all early silver dollar issues, and with its outstanding eye appeal, this PCGS MS-64+ is a highly desirable numismatic property. Provenance: Property from an Alabama Family. Earlier from our August 2018 ANA Auction, lot 1191, as NGC MS-65. PCGS Population (all die marriages of the issue): 1; 5 finer (MS-65+ finest). PCGS# 40088. BASE PCGS# 6895. NGC ID: 24XB. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.

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