Coin Specifications

Category: Early Dollars (1794-1804)
Mint: Philadelphia
Mintage: 327,536
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Silver
Fineness: 0.8920
Weight: 26.9600g
ASW: 0.7731oz
Melt Value: $12.69 (7/23/2019)
Diameter: 39-40mm
Edge: Lettered
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1798 SMALL EAGLE $1 MS obverse 1798 SMALL EAGLE $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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Price Guide

Last Updated: 6/7/2019

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1798 SMALL EAGLE $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 2200 3150 4375 5750 17400 28000 32500 48500 81000 155000 162500 217500 335000 - - - - - - -
$ - - - - 120000 - - - - - - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 155
Low Grade: G
Average Grade: 40
High Grade: 63

The chart showing G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series.
NGC CENSUS DETAIL Last Updated: 7/23/2019 1798 SMALL EAGLE $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-17769252663342--2-------155
-----------------------
-----------------------
-----------------------
Total-17769252663342--2-------155
 -1 %5 %5 %45 %16 %17 %4 %2 %2 %3 %1 %--1 %------- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/8/1998 NGC VF 35   Teletrade Auction 1039, 1039/Lot# 1701 $2,889.00
1/9/2002 PCGS VF 35   Heritage Auctions 2002 Orlando, FL (FUN) Signature Sale #280, 280/Lot# 7183 $3,680.00
1/3/2006 NGC VF 35   Heritage Auctions 2006 January Orlando, FL (FUN) Signature Auction #394, 394/Lot# 4297 $6,900.00
6/12/2006 NGC VF 30   David Lawrence Rare Coins Internet Auction # 91, 96/Lot# 891 $4,485.00
9/27/2007 NGC XF 45   Heritage Auctions 2007 September Long Beach, CA Signature Coin Auction #446, 446/Lot# 1865 $14,375.00
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
6/16/2013 NGC Details XF Details  GreatCollections GreatCollections Coin Auctions 06/16/2013, 79/Lot# 101766 $2,915.00
1/26/2014 PCGS VF 30   Goldberg January 26-28, 2014 January Pre-Long Beach Sale 17.5% BP, 78/Lot# 1246 $6,462.50
4/4/2017 PCGS VF 25   Heritage Auctions 2017 April 4 - 6 US Coins Signature Auction - Dallas Session(2), 1253/Lot# 15801 $5,405.00


NGC Registry

NGC Registry Score 1798 SMALL $1 MS EAGLE
 PrAgGVGFVF4045505355586061626364656667686970
Base179924012671346740645702682079108472914111529140621645417296178861865519473202650000
200024912936366646106075718380978695993712373148591673517493181421892819737202650000
000000718380978695993712373148591673517493181421892819737202650000
0000007547828589181073313218156571701517689183991920020001202650000
Registry Image Gallery
Grade: MS 63
Points: 17886
Owner: Tradedollarnut
 
Grade: XF 40
Points: 5702
Owner: Durham Collection
 
View the Registry Image Gallery

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