1797 BUST S$1, 10X6 STARS, SMALL EAGLE MS64
10X6 STARS. TIED WITH 2 COINS FOR HIGHEST AT PCGS.
1797 DRAPED BUST - TYPE 1 $1
In 1797, President George Washington moved out of his Philadelphia residence on Market Street. For ten year, Philadelphia was the temporary capital of the United States as the federal district of Washington DC was being constructed. Could this 1797 dollar, minted in Philadelphia, have passed through the house that for a time served the same purpose as the future White House?
A pet project of the new mint director Henry William DeSaussure, the Draped Bust Silver Dollar was seen as an artistic improvement over its Flowing Hair predecessor when first introduced in 1795. Chief Engraver Robert Scot and John Eckstein prepared the dies for the Draped Bust Dollar after skteches executed by the portraitist Gilbert Stuart. The artist's model for Liberty is a Mrs. William Bingham (nee Ann Willing).
The initial Draped Bust Dollar type features a small eagle perched atop clouds as the central design element on the reverse. Early in 1798, this type yielded to the Large Eagle variant. As such, there are only four dates represented in the Draped Bust, Small Eagle Silver Dollar series: 1795, 1796, 1797 and 1798.