Estimated grade. Ex. Bangs & Co. (1878) Sold by Bowers & Ruddy Oct '80 Price realized $12000
David Akers (1975/88): The 1797 is the first year of the Heraldic Eagle type. It is not nearly as rare as either of the 1798 issues, the 1800 or the 1804 but it is considerably more rare than the 1799 or 1801 and also somewhat more difficult to obtain than the 1803. As is typical of the early Eagles, known specimens seem fairly well spread out over VF, EF, and AU grades. There are also a number of uncirculated examples known, most of which are characterized by their superior reverses and not-so-great obverses. Most specimens have a vertical die crack through the second 7 of the date.
RARCOA “Auction '81” 7/1981:456 - D. Brent Pogue Collection
New Orleans Collection - Heritage 4/2015:5381, $164,500
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