1802 Draped Bust Dollar


1802 Draped Bust Dollar

Circulation Mintage: 41,650 For All Types
Obverse Text: 1802 | LIBERTY
Reverse Text: UNITED STATES OF AMERICA | E PLURIBUS UNUM

Mintage figures for the 1802 silver dollars are rather hazy. The official report notes that 41,650 dollars were struck for the calendar year of 1802. However, based on the number of known surviving specimens this number is believed to be markedly lower than the actual quantity of 1802-dated coins coined. Q. David Bowers calculates that the true figure is likely closer to 80,000 coins produced not only in 1802, but also in 1803. The number of dies that were prepared for the issue is uncertain, though seven different die pairings for the 1802/1 overdate and only two die marriages for the normal date have so far been conclusively categorized. The Bowers-Borckardt 241 die variety is by far the most available of all the 1802 silver dollars and in fact for the entire type. Most of the estimated 1,500 to 2,750 extant specimens are found in the Very Fine to Extremely Fine grade range, with a somewhat smaller quantity found at the lower levels. At the other end of the spectrum, there are only about 50 to 70 Mint State pieces known. Several extraordinary notable specimens are listed in Bowers' 2013 book, The Encyclopedia of United States Silver Dollars: 1793-1804, all clustered around the MS-63 and MS-65 levels.

View 1802 Draped Bust Dollar Auction Results

The example to the left was sold by Stack's Bowers Galleries in the D. Brent Pogue Part V Auction, where it realized $329,000.
 

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