1801 $1 Draped Bust NGC MS62

Introduction

The 1801 Draped Bust Silver Dollar represents one of the most iconic designs in early American coinage. Struck at the Philadelphia Mint, this large silver dollar embodies the artistry and ambition of the young United States. Certified by NGC as MS62, this example showcases crisp detail, reflective surfaces, and remarkable preservation for a coin over two centuries old. High-grade survivors from this era are prized by collectors seeking early U.S. Mint masterpieces.

History

The Draped Bust Dollar series was produced from 1795 through 1804 and captures the formative years of the U.S. Mint. Designed by Chief Engraver Robert Scot, the series evolved from the earlier Flowing Hair type, presenting a more refined and classical portrait of Liberty. The 1801 issue belongs to the “Heraldic Eagle” reverse subtype, introduced in 1798 and inspired by the Great Seal of the United States.

The total mintage of 1801 Draped Bust Dollars is estimated at around 54,454 pieces, though far fewer survive today in mint condition. Many were heavily circulated or later melted. Mint State examples such as this NGC MS62 coin are scarce and highly sought after for their historical importance and numismatic rarity.

These early dollars serve as tangible links to America’s infancy, when the nation was defining its identity, economy, and place in the world. Each coin carries the weight of that era’s craftsmanship and vision.

Design

The obverse features Liberty facing right, her hair gracefully draped and tied with a ribbon, surrounded by thirteen stars representing the original colonies. The inscription LIBERTY crowns the design, with the date 1801 below. Scot’s elegant rendering of Liberty was based on contemporary neoclassical portraiture, symbolizing freedom and virtue.

The reverse displays a heraldic eagle clutching arrows and an olive branch, with a shield at its breast and a cluster of clouds and stars above. Encircling the design are the words UNITED STATES OF AMERICA, with no denomination shown—a characteristic of early U.S. silver coinage.

This NGC MS62 coin exhibits sharp central detail, natural luster, and excellent eye appeal, offering collectors an extraordinary representation of early American mint artistry.