1798 $1 Draped Bust Silver Dollar, Large Eagle BB-96 NGC MS0

Possessing Uncirculated details, this dollar represents the lone American-struck coin from the Marblehead Hoard in Massachusetts. It has moderate gray coloration in the centers with a blend of russet, brown and soft green toning that is found towards and at the rim.

This is quite a rare coin. Purchase this piece and you will save a great deal over the price of an original example. Out of the mintage of 327,536, there are an estimated 5,000 total survivors today in the 21^st century. That is because the vast majority of Draped Bust dollars were sent to China to trade for tea, silk, porcelain, and other Chinese goods that American consumers demanded. Virtually all of those American silver dollars were melted and turned into Chinese bullion ingots called ‘sycee.’

The Marblehead Town House, which was built in 1727. The Marblehead Hoard was discovered in a similar house from the 18th century during renovations. Photo: Wikimedia Commons.

NGC graded 82 coins from a significant hoard believed to have been buried for over two centuries. It was recently discovered in Marblehead, Massachusetts. This hoard was unearthed during a renovation of a home that belonged to a merchant who owned two ships that are believed to have been involved in the West Indies trade over 200 years ago. The coins in the hoard are dated from 1726 to 1814, and are predominantly from Spanish Empire mints in Mexico, Colombia, Spain, Chile, Peru, and Bolivia. Coins from France, Brazil, and the United States are also included, offering an intriguing glimpse of the diverse range of coinage that circulated in the United States immediately after independence.