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Obverse of 1797 Silver Dollar - Bolender 3       Reverse of 1797 Silver Dollar - Bolender 3

1797 SILER DOLLAR - BOLENDER 3

From Superior Galleries' "Pre-Long Beach Sale", June 5-7, 2000, Lot 1583, where it was described as follows:
"1797 Draped Bust Small Eagle Stars 10 + 6 Bolender-3 NGC XF45. Only six stars at right facing bust (the only use of this obverse). Large letters in legend; 8 berries in left branch. Medium antique finish with some luster present on both sides; excellent surfaces plus splendid detail. A handsome specimen.

Mintage in 1797 was very limited, for reasons similar to 1796. On Feb. 28, some 342 were struck, which have been tentatively identified as the Small Letters coins. These are from the worn reverse of 1795 (5367), always weak so that survivors look about a full grade lower on reverse than on obverse No mint-state specimen is even rumored. Hilt's interpretation of this and later delivery figures differs (see main text).

Breen suggests the Large Letters coins (obverse stars 9 left, 7 right) comprised the 4,941 struck in the two deliveries of May 26 and June 30, 1797. Both dies cracked, the obverse severely; the marginally usable reverse was resurrected for use with one of the 1798 obverses.

Those with stars 10 left and 6 right are identified with the 2,493 delivered Aug. 12-28, "just before the annual yellow fever epidemic." This reverse rusted but failed to be cleaned up for reuse. "Possibly there was too little time during preparations for closure of the Mint to regrind this die and dip it into the tub of hot grease kept for the purpose; possibly Scot or Eckfeldt thought it was too far gone." A scarce coin in Extremely Fine condition."

Price Realized = $5,175.00

Recent appearances:
PCGS MS-62.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 528, "Bolender 3, BB-71, Rarity-2, Stars 10x6, Large Letters", illustrated, sold for $74,750.00.

ANACS EF-40.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 6144, "Bolender 3", not illustrated, sold for $2,760.00

NGC EF-45.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 6145, "Bolender 3", illustrated, sold for $5,750.00

VF-35 Reverse scratches.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 5611,"B-3" not plated, sold for $1,063.75

PCGS VF-30.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 6288, illustrated, sold for $2,415.00

PCGS VF-30 Premium.  Ex - Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family Trust Collection Sale", May 28-30, 2001, Lot 846, illustrated, sold for $4,830.00

PCGS VF-25.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 6143, "Bolender 3", not illustrated, sold for $1,840.00

PCGS VF-20.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 6142, "Bolender 3", not illustrated, sold for $1,725.00

VF-20.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part III", May 21, 2001, Lot 4, "BB-71", illustrated, sold for $1,610.00

Net Fine-12, sharpness VF-20 or better.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 329, "BB-1, 10x6 stars, double struck" sold for $3,220.00  From the Bowers & Merena sale of the Lexington Collection, January 1994, Lot 670