Heritage’s U.S. coin auctions at the
in Orlando took place between
Jan. 7 and 12. With more than 8,000 lots totaling in excess of $70
million crossing hands, the vast scope of these sales meant that
many series were presented in depth.
For example, more than 120 early dollars of the Flowing Hair (1794
to 1795) and Draped Bust (1795 to 1804) types were offered. Although
no 1804 Draped Bust dollar was in the mix, many early silver dollars
were sold at affordable price points, even though the concept of
affordability is all relative.
Here is one of three Coin World is profiling:
The coin: 1799 Draped Bust dollar, Very Good details, Damaged
The price: $587.50
The story: Of the 126 Draped Bust and Flowing Hair silver
dollars offered in Heritage’s various FUN auctions, this one — graded
Very Good Details, Damage, by Professioinal Coin Grading Service was the least
expensive, selling for $587.50.
Considering the damage, which can be seen in the oddly textured
center and surrounding fields, the piece retains a handsome dark
steel-gray color and relatively even wear.
Many collectors looking for an example of the Draped Bust dollar
type look for one from the 18th century, with collectors often paying
a slight premium for a 1799 example versus one from 1800, even through
they’re of comparable rarity as a date.
The next three least-expensive Draped Bust dollars in the auctions
were each graded Very Good Details, Cleaning, by PCGS and each brought $763.65.
Keep reading this Market Analysis series:
tooling, 1794 Flowing Hair dollar, a legendary U.S. rarity, sells
for $64,625 at FUN show