Opening Bid :
Current Bid:
Reserve Amount:

Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %s.

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %s has been outbid.

Your secret maximum bid of %s does not meet the reserve.

You have been outbid on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Category: All Auction Archive Items > Early Dollars Switch to Old Search Feature

Previous Lot | Auction Home | Next Lot      Jump to Lot:
Lot: 2000
Auction: 1104   		1794 $1 AU58 NGC....
  • Track this lot. You are tracking this item ... updating ... (stop tracking)
  • Add to MyWantlist
 
 
 

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.

Opening Bid

The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.

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 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. However, for Internet bids, these increments only apply to the current bid. 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, sometimes only $1 above the previous increment.

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.
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 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.

What's This?

Our Auction Results Archives are not only the best resource for market research, but now you have the opportunity to acquire very rare items that may not be auctioned again for some time by making an anonymous offer that will make the owner sell. Items labeled "Buy Now" indicate that the owner has set a price that would make them sell.

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 service is free to the buyer, protects the identity of both parties, and allows offers and counter-offers. You will receive a response within 72 hours.


View Larger Image

Sold for: Sign-in or Join (free & quick)
Ended: Apr 16, 2008
  Printable Version of Prices Realized for this Auction
 
Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Description
Near Condition Census 1794 B-1, BB-1 Silver Dollar, AU58


1794 $1 AU58 NGC. B-1, BB-1, R.4. In the Mint Act of April 2, 1792, Congress established a bimetallic coinage system based on the silver dollar and the gold eagle as the "unit" measurement against which all fractional pieces were established. However, it was some time before any silver or gold coins were struck, due to "problems." The major hurdle, often called the "Mint Impediment," was the inability of the assayer (Albion Cox) or the chief coiner (Henry Voigt) to post the $10,000 bond required by the government. Eventually, the bond was reduced to $5,000 for Voigt and $1,000 for Cox, amounts both could meet. Risk was minimized through the due diligence of Director David Rittenhouse and his officers, who only released small amounts of precious metal at one time.
All 1794 dollars, 1,758 coins delivered by the Chief Coiner, were struck from a single pair of dies. Between three and five die states of the 1794 dollars are known, depending on the source consulted. Dave Bowers records three basic die states in his Silver Dollar Encyclopedia: I. Perfect dies; II. Lightly clashed dies; III. Lapped dies. In The Flowing Hair Silver Dollars of 1794, Martin Logies described five die states: I. Perfect dies; II. Lightly clashed dies; III. Lapped obverse with clash marks still faintly visible; IV. Relapped obverse with clash marks entirely removed; V. Lapped reverse die.
With no evidence of clash marks on either side, the Queller specimen apparently represents Logies' Die State V. Based on his examination of previous catalog plates, Logies attributed this piece as Die State III. Indeed, a small surface mark below the chin that is visible in earlier plates looks nearly identical to clash marks found in the same location, until the actual coin is examined. Logies presented estimated populations for each die state as follows: Die State I: two coins; Die State II: seven coins; Die State III: 84 coins; Die State IV: 29 coins; and Die State V: three coins. The present specimen is a fourth example of the latest die state, and second best of the group.
Based on an earlier unpublished study of the date by Jack Collins, Logies records every known 1794 silver dollar, in their approximate census ranking. Due to various grading systems used at different times, it is impossible to place all known coins in their exact order. For example, the last time this coin was offered was in March 1981, long before NGC or PCGS began grading coins. It is included in Logies' book as XF45 based on the Stack's catalog grade nearly 30 years ago. Today, it deserves a rightful spot immediately behind the eight Mint State coins, placing it among the top 10 examples known.
Nicely detailed on both sides with weakness along the lower left portion of the obverse border, the result of adjustment marks in that area. A small oval mark between stars 14 and 15 helps identify the provenance. The obverse has fine adjustment marks extending in from the border by stars 1 through 7, stars 9 through 14, and at the date. Two tiny rim bruises are evident at 7 o'clock on the obverse. The devices on each side are displayed against a lustrous background of light gold and rose, with peripheral steel-gray toning. This remarkable dollar ranks about 12th finest of all known 1794s.
Ex: California State Numismatic Association Sale (Numismatic Enterprises, 10/1964), lot 937; Stack's (3/1981), lot 512.
From The Queller Family Collection of Silver Dollars.(Registry values: N14284) (#6851) View Entire Collection.
Auction Name: 2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature !! Heritage Live:
After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

Signature Floor Sessions
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 11 Internet/mail bidders, 3,638 page views



Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 144, Lot 6047 Saturday, October 7, 1995 58 NGC $95,700.00
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. Example: A item that sells with a final hammer price of $100 and a 15% buyer's premium will display with a price realized of $115. 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.

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)

Price Guide
Sign-in or Join (free & quick)

Population Guide
Sign-in or Join (free & quick)

Find Auction Prices for Comparable Items
Heritage Auction Archives

Prices realized from past auction lots.
Great valuation tool!

Photographs

Sign-in or Join (free & quick) to see the full image

Previous Lot | Auction Home | Next Lot      Jump to Lot:
Go to Top


Add Item to MyWantList™
Description Grading Service Low Grade High Grade  

Please Wait

Loading.......

Heritage delivers Value - $694,500,693 sold at auction and in private treaty sales over the past 12 months.

Our 265,587 Coin bidder-members and 480,027 Heritage bidder-members overall (from 164 countries) enjoy all these free benefits:

  1. Bid on-line
  2. Free Collector newsletter
  3. Want List with instant e-mail notifications
  4. Auction Archives (prices, photos, full descriptions, etc.)
  5. Hall of Fame
  6. Reduced auction
    commissions when
    you resell your
    winnings 

Members Sign In

Free Newsletter and Announcements!

Quality Consignments Wanted

Only 34 days left to consign to the 2010 February Long Beach, CA Singature US Coin Auction!

We expect to have one of our Consignment Directors visiting your area soon. Please call to arrange an appointment.

E-mail Sam Foose or call
1-800-872-6467 x1227

Video Video: Why Consign?

View traffic of HA.com vs. other auctions on Compete.com

In The News

sss
Cross Promotion

Don't miss out!
Get e-mail notifications in all of your areas of interest.