1799 DRAPED BUST $1, OBVERSE STARS 8X5 MS64
OBVERSE STARS 8X5. B-23, BB-159. RARITY-3. SOLE HIGHEST GRADED. COL. GREEN AND BAREFORD PEDIGREE. CAC.
A few short years after the United States mint began producing silver dollars, which had originally caused an enormous amount of trouble, the design had already changed and mintage was running smoothly. After the debacle with the first dollar dies that broke after a few thousand strikes, the Philadelphia mint finally received a better quality die. The newest dollars now featured Gilbert Stuarts’ interpretation of a “matured” Liberty that would reflect the maturing status of the country. Additionally, Stuart tried to present a façade of “world class” coinage through his design that presented beautifully on the new dollar. Coin strikes were turning out more uniformly with practice, but this did not necessarily mean a series was flawless. In fact, by 1799 the stars on the dollar were set to a uniform star pattern of the obverse of the coin; six on the right and seven on the left. However, a limited amount of 1799 dollars did receive an odd five stars on the right and eight on the left. Beside this special design irregularity, this particular coin has a track record- which is highly unusual- but certainly adds value. The first recorded instance of ownership is that of Edward Howland Robinson Green, who was an avid collector of stamps and coins in his time. Green was also the only son of the infamous Hetty Green or the “Witch of Wall Street.” Hetty was known as the richest woman of her time and also had a reputation of being a miser. The second owner, Harold Bareford, had a large high quality collection accumulated during the 1940s and 50s- he then passed onto his kin and some were sold in 1978 for significantly more. The legacy of this coin is not only trade marked by the beginnings of the nation but also its rare pattern and traceable lineage, making it a true treasure.