:
|
Lot 1515 |
1794 $1 Fine 12 PCGS....
2009 February Long Beach, CA Signature US Coin Auction #1122
|
Bid Information
For your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.Minimum Next Bid
Bid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of Bidders
This number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.Status
Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
No Reserve:
This lot is being sold without a consignor reserve.
(Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Minimum Bid:
Lots bearing bidding estimates shall open at Auctioneer's discretion (approximately 25% to 60% of the low estimate).
What's This?
Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$89,125.00
(includes BP  ) Bid Source: Live: Floor |
| Auction Ended On: | Feb 5, 2009 |
| Item Activity: |
14 Internet/mail/phone bidders
6,654 page views |
Description:
Desirable 1794 Silver Dollar, B-1, BB-1, Fine 12
Pillar of American Coinage
1794 $1 Fine 12 PCGS. B-1, BB-1, R.4. The 1794 Flowing Hair silver dollar ranks among the most desirable of all U.S. coinage issues. In fact, it ranks 20th among the 100 greatest U.S. coins according to Jeff Garrett and Ron Guth. The 1838-O half dollar is 19th and the unique 1870-S half dime is 21st, rather remarkable company to keep. There are about 125 to 130 known 1794 silver dollars surviving, from an original mintage of 1,758 coins. Garrett and Guth write: "The story of the Silver Dollar began around 1792, when the American government deliberated its first coinage system. After careful consideration, the Silver Dollar and the Gold $10 Eagle were made the pillars of the new system, with all other denominations being either fractions or multiples of these two."
Like all silver and gold coins at the time, the individual deposits of silver were kept separate from all others while they were processed and turned into coins, eventually being returned to the depositor who, according to current law, was to receive the exact same metal deposited. That was the theory, anyway. It is believed that the real mintage of 1794 silver dollars was 2,000 coins, but 242 were rejected as unsatisfactory and held over until the initial coinage of 1795 silver dollars delivered on May 6, 1795. If that is what actually happened, then the depositor of the first silver had to wait nearly seven months to receive the last 242 dollars in coin. More likely, the 242 rejected dollars were melted and recoined into half dollars.
This is a pleasing midgrade example with a light silver obverse that exhibits hints of pale gold toning near the borders. Like most 1794 dollars, the lower left obverse is weak near the border, with the bottoms of the date and the first few stars partially incomplete. Border dentils are visible clockwise from 11 o'clock to about 6 o'clock. The reverse has wonderful deep blue and vivid gold toning in the fields; the eagle and wreath show lighter gray color. The letters in UNITED STATES are only partially visible, opposite the obverse weakness. The reverse border dentils are visible clockwise from 3 to 7 o'clock. Both sides have minor abrasions and scratches that are typical of the issue, none of any significance. Light peripheral adjustment marks are evident around part of the reverse, particularly through NITE and at M. Otherwise, this 1794 dollar is excellent quality for the grade, far finer than most .
Recorded in Jack Collins' unpublished manuscript as VG10, and by Martin A. Logies in The Flowing Hair Silver Dollars of 1794, page 178.
Ex: The Regal Collection, Part II (Stack's, 5/1956), lot 751; later, James W. Fairfield and Fairfield Rare Coins (8/1992); Bowers and Merena Galleries, offered in Rare Coin Review Number 89 and later publications (11/1992-1/1993).
From The Grand Lake Collection.(Registry values: N7079) (#6851)
View Entire Collection
View large image(s) of this item
Shipping Description: Coins & Currency (view shipping information)
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 1126, Lot 2284 | Tuesday, March 31, 2009 | 12 | PCGS | $106,375.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
|
PLEASE NOTE:
All prices realized reflect the final hammer price PLUS the buyer's premium
in auctions that charge a buyer's premium.
Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium.
All information listed is intended to be as accurate as possible, but errors are possible.
Please use this guide carefully and inform us of any inaccuracies.
|
||||
BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 10 | --- | $117,035 | $93,625 | $86,750 | $86,750 | $100,000 | --- |
| 12 | $125,000 | $131,250 | $105,000 | $96,500 | $96,500 | $115,000 | --- |
| 15 | --- | $137,813 | $110,250 | $101,225 | $101,225 | $125,000 | --- |
| *All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. | |||||||
Population Guide
| Service | Grade | Population in this Grade | Population of Higher Grade | Population in All Grades | + | Mintage | Engraver |
|---|---|---|---|---|---|---|---|
| PCGS | Not available from PCGS | 1,758 | Robert Scot | ||||
| NGC | 12 | 1 | 30 | 32 | - | ||
| CAC | 12 | 0 | 4 | 4 | - | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions. | |||||||
Find Auction Prices for Comparable Items:
Photographs:
![](javascript:popUpBigPic("/common/view_image_only.php?img=" + encodeURIComponent("http://images.ha.com/lf?source=url%5bfile%3aimages%2finetpub%2fnewnames%2f300%2f4%2f4%2f7%2f8%2f4478895.jpg%5d%2ccontinueonerror%5btrue%5d&source=url%5bfile%3aimages%2finetpub%2fwebuse%2fno_image_available.gif%5d%2cif%5b%28%27global.source.error%27%29%5d&sink=preservemd%5btrue%5d"));)
![](javascript:popUpBigPic("/common/view_image_only.php?img=" + encodeURIComponent("http://images.ha.com/lf?source=url%5bfile%3aimages%2finetpub%2fnewnames%2f300%2f4%2f4%2f7%2f8%2f4478907.jpg%5d%2ccontinueonerror%5btrue%5d&source=url%5bfile%3aimages%2finetpub%2fwebuse%2fno_image_available.gif%5d%2cif%5b%28%27global.source.error%27%29%5d&sink=preservemd%5btrue%5d"));)
![](javascript:popUpBigPic("/common/view_image_only.php?img=" + encodeURIComponent("http://images.ha.com/lf?source=url%5bfile%3aimages%2finetpub%2fnewnames%2f300%2f4%2f5%2f1%2f8%2f4518416.jpg%5d%2ccontinueonerror%5btrue%5d&source=url%5bfile%3aimages%2finetpub%2fwebuse%2fno_image_available.gif%5d%2cif%5b%28%27global.source.error%27%29%5d&sink=preservemd%5btrue%5d"));)
![](javascript:popUpBigPic("/common/view_image_only.php?img=" + encodeURIComponent("http://images.ha.com/lf?source=url%5bfile%3aimages%2finetpub%2fnewnames%2f300%2f4%2f5%2f1%2f8%2f4518417.jpg%5d%2ccontinueonerror%5btrue%5d&source=url%5bfile%3aimages%2finetpub%2fwebuse%2fno_image_available.gif%5d%2cif%5b%28%27global.source.error%27%29%5d&sink=preservemd%5btrue%5d"));)
We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.
Company Info
Help
3500 Maple Avenue, 17th Floor
Dallas, Texas 75219-3941
1-800-872-6467 / (214) 528-3500 / Fax: (214) 409-1425
Plan a Visit to Heritage
Copyright © 1999-2012 Heritage Auctions, Inc. | All Rights Reserved
