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: $13.17 (9/23/2017)
Diameter: 39-40mm
Edge: Lettered
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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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Price Guide

Last Updated: 10/24/2016

Click on a price to see historical prices, comparison charts and trends.

1798 SMALL EAGLE S$1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 1900 2350 4050 5750 12750 29500 35500 43750 85000 155000 - - 335000 - - - - - - -
$ - - - - 120000 - - - - - - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 154
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
8/6/1997 PCGS VF 30   Teletrade Auction 0969, 969/Lot# 1721 $1,620.00
6/12/2006 NGC VF 30   David Lawrence Rare Coins Internet Auction # 91, 96/Lot# 891 $4,485.00
4/16/2008 PCGS XF 40   Heritage Auctions 2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104, 1104/Lot# 2336 $13,800.00
4/16/2008 NGC MS 60   Heritage Auctions 2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104, 1104/Lot# 2016 $74,750.00
5/30/2010 PCGS VF 30   Bonhams Coins, Medals, and Banknotes, 18301/Lot# 1497 $6,435.00
8/15/2011 NGC F 12   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 3005 $2,530.00
1/29/2012 PCGS F 15   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
1/7/2015 PCGS VF 35   Heritage Auctions 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando Session(3), 1216/Lot# 5235 $6,462.50


NGC Registry

NGC Registry Score 1798 SMALL EAGLE S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base179924012671346740645702682079108472914111529140621645417296178861865519473202650000
200024912936366646106075718380978695993712373148591673517493181421892819737202650000
000000718380978695993712373148591673517493181421892819737202650000
0000007547828589181073313218156571701517689183991920020001202650000
Registry Image Gallery
Grade: MS 63
Points: 17886
Owner: Tradedollarnut
 
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