1802 Proof Draped Bust Dollar

Coin Details

Auction Record

$411,250 PR64 10-18-2012 Heritage Auctions

Description

The 1802 Proof Draped Bust Dollar is a proof dollar struck at the Philadelphia Mint, part of the Draped Bust Dollars 1795-1804 series. With a mintage of 10, this is an extremely rare issue — the higher-mintage of the two mint variants, representing 0% of production. The obverse features Liberty facing right with draped bust and ribbon-bound hair, designed after a Gilbert Stuart portrait and the reverse displays a small, naturalistic eagle perched on a palm branch within a wreath (1795-1798) or a heraldic eagle with shield on breast, olive branch and arrows in talons, with a banner reading E PLURIBUS UNUM (1798-1804). Produced during the earliest years of the United States Mint, when the young republic was establishing its monetary system and coinage traditions. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value is approximately $1218K. Struck in 90% silver, 10% copper, weighing 27 grams, 40 mm in diameter, with a lettered: hundred cents one dollar or unit edge. Cataloged as PCGS #6905.