1794 S$1

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Sold on Jul 31, 1997 for:

$58,650.00 Bid Source: Live: Floor bidder

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Description

Rare and Important 1794 XF 40 Flowing Hair Dollar

1794 XF 40 PCGS. Representing the the initial year of production for regular issue silver coins and the dollar denomination, the 1794 was destined to be a classic of United States coinage. But it is also one of the most elusive silver dollars ever struck, with only 1,758 pieces deemed satisfactory (a few hundred more were thought to have been rejected and perhaps later used as planchets) from a single pair of dies. Estimates on the number of survivors range from as low as 90 pieces to as high as 130, the higher figure suggested by the late Jack Collins who researched this issue tirelessly. Apparently after the 1794 copper trial striking was produced and the first several dollars came off the presses, the dies went out of alignment causing the left obverse stars to appear weakly struck, a characteristic seen on virtually every known example, including this one. The medium-gray surfaces, accented in slightly deeper steel-violet hues, are well balanced in all other areas and about as pleasant as one could hope to find on a mid-grade 1794 dollar. The obligatory adjustment marks are randomly located about the margins and are generally unobtrusive, the deepest found above the D in UNITED. A pinpoint mark above the eagle's beak could also be used for identification. Encapsulation prevents a thorough examination of the edges, but there appears to be a small obverse rim bump to the right of 6 o'clock. Overall, an exceedingly nice example of this famous silver dollar rarity.

Coin Index Numbers: (PCGS# 6851, GSID# 7143)

Metal: 89.24% Silver, 10.76% Copper
Weight: 26.96 grams
ASW: 0.77352oz
Mintage: 1,758

View Certification Details from PCGS