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1799 Draped Bust Dollar - Opinions?
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<p>[QUOTE="johnmilton, post: 8406539, member: 101855"]I guess I'm spoiled by having been around nice examples for so long. As a veteran collector, I know that the Bust Dollar is among the most common of the early silver coins. </p><p><br /></p><p>The first mint make coins from the silver and gold that the owners of those metal deposited there to be turned into coins at pretty much no charge. The depositors were able to choose which coins they got, and the coin of choice was the silver dollar. When the mint stopped making dollars in 1804, the next coin of choice was the half dollar. That's why half dollars are more common after 1804. </p><p><br /></p><p>The Bust Dollars didn't circulate that much, which why many of them have VF or better sharpness. The biggest problem comes from people cleaning and polishing them. I have owned this one for almost 40 years. </p><p><br /></p><p>[ATTACH=full]1491274[/ATTACH] </p><p><br /></p><p>To show you how grading standards have changed through the years, I bought this one from a collector I knew when I lived in Boston. We disagreed over the grade to set the selling price. He thought it was an AU. I graded it EF. He sent it to ANACS to decide. ANACS graded EF-45. I cracked it out of the ANACS holder and sent it to NGC circa 2000. They graded it AU-55. </p><p><br /></p><p>Before you fell sorry for the collector who sold it me, he told me he paid $15 for it back in his time! I paid him over $1,000 back in the 1980s.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 8406539, member: 101855"]I guess I'm spoiled by having been around nice examples for so long. As a veteran collector, I know that the Bust Dollar is among the most common of the early silver coins. The first mint make coins from the silver and gold that the owners of those metal deposited there to be turned into coins at pretty much no charge. The depositors were able to choose which coins they got, and the coin of choice was the silver dollar. When the mint stopped making dollars in 1804, the next coin of choice was the half dollar. That's why half dollars are more common after 1804. The Bust Dollars didn't circulate that much, which why many of them have VF or better sharpness. The biggest problem comes from people cleaning and polishing them. I have owned this one for almost 40 years. [ATTACH=full]1491274[/ATTACH] To show you how grading standards have changed through the years, I bought this one from a collector I knew when I lived in Boston. We disagreed over the grade to set the selling price. He thought it was an AU. I graded it EF. He sent it to ANACS to decide. ANACS graded EF-45. I cracked it out of the ANACS holder and sent it to NGC circa 2000. They graded it AU-55. Before you fell sorry for the collector who sold it me, he told me he paid $15 for it back in his time! I paid him over $1,000 back in the 1980s.[/QUOTE]
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1799 Draped Bust Dollar - Opinions?
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