Coin Specifications

Category: Early Dollars (1794-1804)
Mint: Philadelphia
Mintage: 327,536
Catalog: KM-18
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Silver
Fineness: 0.8920
Weight: 26.9600g
ASW: 0.7731oz
Melt Value: $15.92 (7/24/2014)
Diameter: 39-40mm
Edge: HUNDRED CENTS ONE DOLLAR OR UNIT
Numismatic specification data provided by Krause Publications NumisMaster.
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1798 SMALL EAGLE S$1 MS obverse 1798 SMALL EAGLE S$1 MS reverse


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Description & Analysis

A transitional year for silver dollars, with two distinct design types produced. Only two die varieties of the Small Eagle dollars have been identified, and each of these is a major variety, distinguished by either 13 stars or 15 stars on the obverse.

The 15 Star obverse has eight stars along the left border and seven stars at the right border, and is considered the first 1798 silver dollar variety produced. The reasoning is sound: the Small Eagle design was discontinued with the new Heraldic Eagle reverse taking its place. This means that the Small Eagle coins were produced at the beginning of the year. Since the obverse of the Small Eagle type with just 13 stars was also used with a Heraldic Eagle reverse, it must have been coined after those with 15 stars.

Just as interesting is the knowledge that this 1798-dated obverse die was actually created a couple years earlier. Since Kentucky became the 15th state in 1792 and Tennessee became the 16th state in June 1796, the die must have been created before that date. In fact, all 1795 and 1796 silver dollars have 15 stars on the obverse, and all 1797 dollars have 16 stars. Finally, in 1798 the decision was made to reduce the star count to 13 stars for the original 13 states. Stylistically, the obverse is similar to some 1796 obverse dies, and was probably made at about the same time, with only the 179 of the date punched in the die.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Census

 
NGC GRADE SUMMARY

Total Graded: 146
Low Grade: G
Average Grade: 40
High Grade: 63


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
8/17/1996 NGC VF 35   Heritage Auctions 1996 ANA Signature Sale #163, 163/Lot# 7954 $2,172.50
8/6/1997 PCGS VF 30   Teletrade Auction 0969, 969/Lot# 1721 $1,620.00
8/7/2000 PCGS XF 45   Heritage Auctions Philadelphia 2000 #232, 232/Lot# 6148 $7,187.50
6/12/2006 NGC VF 30   David Lawrence Rare Coins Internet Auction # 91, 96/Lot# 891 $4,485.00
9/17/2008 PCGS XF 40   Heritage Auctions 2008 September Long Beach, CA US Coin Signature Auction #1116, 1116/Lot# 2385 $11,500.00
5/30/2010 PCGS Genuine Genuine   Bonhams Coins, Medals, and Banknotes, 18301/Lot# 1496 $2,106.00
11/3/2010 NGC VF 30   Stack's Bowers The November 2010 Baltimore Auction, 44/Lot# 2214 $4,140.00
1/29/2012 PCGS   Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 2542 $3,240.00
6/16/2013 NGC Details XF Details  GreatCollections GreatCollections Coin Auctions 06/16/2013, 79/Lot# 101766 $2,915.00


NGC Registry

NGC Registry Score 1798 SMALL EAGLE S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base99014211558200925553639404844035511608167917198824791601004311970142062532335661111
113314661708219129163775416647725701631769267547855194541068512715179112876935661110
000000416647725701631769267547855194541068512715179112876935661100
000000428451415891655470627897885597481132713460216173221535661100
Registry Image Gallery
Grade: MS 63
Points: 10043
Owner: Tradedollarnut
 
Grade: XF 40
Points: 3639
Owner: Durango Collection
 
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