Coin Specifications

Category: Early Dollars (1794-1804)
Mint: Philadelphia
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Silver
Fineness: 0.8920
Weight: 26.9600g
ASW: 0.7731oz
Melt Value: $18.76 (12/4/2020)
Diameter: 39-40mm
Edge: Lettered
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1803 BB-303,B-7 $1 PF obverse 1803 BB-303,B-7 $1 PF reverse
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Description & Analysis

Like its brothers, the proof silver dollars dated 1801 and 1802, the 1803 issue is a novodel, a coin of an earlier date for which there was no original issue. While there were indeed silver dollars coined for circulation with the 1803 date in that year and the following year, these have very different characteristics. The proofs were clearly produced at some time during the mid-1870s, which is the same period in which the first auction appearances are recorded. They are genuine in having been struck at the Philadelphia Mint, but their weights at or near the 420-grain standard indicate that they were coined on trade dollar planchets. This requirement resulted from the suspension of standard silver dollar coinage during the years 1874-77.

A newly-created die for the obverse utilized the original Liberty bust matrix punch, as the alignment of the stars and date don't match any known die used for circulating pieces. A progressive failure of this punch reveals that the 1802 and 1803 obverse dies were created first, followed by those for the 1801 and 1804 dollars. The reverse die was the same used for the novodels dated 1801 and 1802, as well as the Class III 1804 dollars.

The number of 1803 proof dollars coined when unrecorded, as their production was unofficial in nature. Only four or so survivors are known today. There's a certain irony in that the proof dollars dates 1801-03 are far more rare than the heralded proofs dated 1804, but the status of the latter date as a proof-only issue has always kept it in the spotlight.

GRADE SUMMARY

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Price Guide

Last Updated: 12/31/2013

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

1803 $1 BB-303,B-7 PF
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - 125000 150000 175000 250000 500000 845000 1125000 - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 5
Low Grade: 65
Average Grade: 65
High Grade: 66

The chart showing 65 series, 66 series.
NGC CENSUS DETAIL Last Updated: 12/1/2020 1803 $1 BB-303,B-7 PF CA
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-----------------2----2
----------------1-----1
-----------------------
-----------------------
Total----------------12----3
 ----------------33%67%---- 
1803 $1 BB-303,B-7 PF
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------------12----3
-----------------------
-----------------------
-----------------------
Total----------------12----3
 ----------------33%67%---- 

NGC Registry

NGC Registry Score 1803 $1 BB-303,B-7 PF CA
 PrAgGVGFVF4045505355586061626364656667686970
Base3333333333333333333333
3333333333333333333333
0000003333333333333300
0000003333333333333300
1803 $1 BB-303,B-7 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base3333333333333333333333
3333333333333333333333
0000003333333333333300
0000003333333333333300
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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.