The Professional Coin Grading Service assigned it
an AU-50 grade. Pilitowski said it is just the second
known AU example and is the finest one certified by
PCGS to date.
Population reports from PCGS and the Numismatic Guaranty
Corp. show just 29 examples in all grades and 24 are
VF and lower, Pilitowski said.
Pilitowski says the 1797 Small Letters dollar is
the best known variety of the Draped Bust, Small Eagle
dollar. In his book Silver Dollars and trade Dollars
of the United States, Q. David Bowers said, It
may well be the most famous variety after 1794 and
before 1804, Pilitowski quoted.
The coin is Bowers-Borckardt variety 72, or Bolender
Pilitowski said that the Norweb example was Fine-15
and the Garrett specimen was EF-40.