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Obverse of 1796 Silver Dollar - Bolender 5       Reverse of 1796 Silver Dollar - Bolender 5

1796 SILVER DOLLAR - BOLENDER 5

From Superior Galleries' "Pre-Long Beach Sale", June 5-7, 2000, Lot 1580, where it was described as follows:
"1796 Draped Bust Small Eagle Large Date Small Letters Bolender-5 XF45. Two insignificant pin lines above the second T in STATES on reverse. Pleasing antique silver-gray finish, all original, smooth and even without spotting or irregularity. A very choice example of this second Bust Dollar Type. The B-5 1796 is noted for its large date, small letters pairing; there is a die lump at right top of I in AMERICA -- a diagnostic feature which makes this variety easy to identify.

Coinage during 1796 was larger in total amount than was 1795's Draped Bust, Small Eagle Type, but was executed under increasing difficulties: die breakage; continuing anxiety over possible abolition of the Mint; and one of what proved to be a series of annual epidemics of yellow fever, forcing closure of the Mint each fall for a couple of months, and killing valuable personnel.

"Previous coins showed 15 obverse stars;" explains the Breen encyclopedia, "but on June 1, 1796, Tennessee was admitted to the Union as the sixteenth state, and subsequent dies bore 16 stars on other denominations. This change reached the silver dollars only in 1797, suggesting that the 1796-dated dies were all completed before Tennessee's admission."
Price Realized = $5,520.00

Recent appearances:
EF-45.  Ex - Superior Galleries' "Pre-Long Beach Sale", October 1-3, 2000, Lot 3487, "Bolender 5", illustrated, sold for $3,680.00

EF-45.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 527, "BB-65, B-5, Rarity-4", illustrated, sold for $4,370.00

ANACS VF-35.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 6287, illustrated, sold for $2,875.00

Net VF-25, sharpness of EF-40.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part III", May 21, 2001, Lot 3, "BB-65", illustrated, sold for $2,070.00

NGC Fine-15.  Ex - Superior Galleries' "Pre-Long Beach Sale", October 1-3, 2000, Lot 3489, "Bolender 5a", illustrated, sold for $1,380.00