1803 Early $1 (1803 $1) PCGS VF25. Small 3 BB-254, B-4. The obverse of this circulated 1803 silver dollar has an almost cameo appearance. The bust of Liberty is mainly white and the grey fields darken towards the periphery. On the reverse the devices are also whiter than the fields although dark grey is seen on the eagle’s left wing, tail feathers, and shield. For the grade, the surfaces are clean with even wear seen on the high points of the design.
The coin is in an OGH (old green holder) and looks as if it could grade a few point higher than indicated. The Draped Bust silver dollar was designed by Robert Scot, who used a drawing by Gilbert Stuart of Mrs. William Bingham, shows a draped bust of Liberty with her hair tied with a ribbon. The word LIBERTY is above and the date is below. Seven stars are to the left and six to the right. A modified heraldic eagle was used for the reverse.
It had mixed up heraldry with the arrows and olive branch in the wrong talons. In the field above the eagle are thirteen stars and above them, an arc of clouds. A banner from wing to wing has the motto E PLURIBUS UNUM. None of the early silver coins have a denomination because silver was valued by its weight and fineness as was the European coinage of the time. Dentils are at the edge of both the obverse and reverse.
Robert Scot was appointed Chief Engraver by Thomas Jefferson. Scot had been an engraver of paper money. His work was of overall poor quality because of his failing eyesight and advanced years.
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