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)


Previous Lot | Auction Home | Next Lot      Jump to Lot:
Lot: 899
Auction: 1125  
1794 $1 --Repaired--NCS. XF Details....
  • 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

  PRESUMED STOLEN!
Please contact:
Detective Christopher M. Keezer
Montville Township, NJ
973-257-4113
ckeezer@montvillenj.org
 
Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Description
Sharp 1794 B-1, BB-1 Dollar, XF Details


1794 $1 --Repaired--NCS. XF Details. B-1, BB-1, R.4. The acquisition of a 1794 silver dollar is the highlight of any advanced collection of U.S. coins. That said, few numismatists can hope to ever own this classic piece of Americana. Not only does its cost place it beyond the reach of most collectors, but there are precious few specimens that have survived to the present day. And of those that have managed to escape the ravages of time, many, if not most, are plagued with some sort of impairment.
The 1794 dollar's history dates to the early years of the Republic. Indeed, Jack Collins and Walter Breen, in their manuscript 1794: the History and Genealogy of the First United States Dollar, revised January 31, 1993, refer to Alexander Hamilton as the "Grandfather" of America's first silver dollar, based on his seminal January 28, 1791 report to Congress.
Collins and Breen go on to refer to Mint Director David Rittenhouse as the "Father" of the 1794 dollar. The authors state: "He provided the bullion, determined the fineness, supervised the production, and distributed all specimens struck. They then cite Adam Eckfeldt, "... the Mint's factotum and mechanical genius," as "Chief Obstetrician and Foster Parent," because "without him, the strip would not have been satisfactorily rolled, nor the blanks accurately cut and prepared, nor the dies properly hardened, nor the press anywhere near fit to strike the coins."
Mint records show that Rittenhouse made two deposits of silver bullion on Aug. 29, 1794, one for $1,706.82, and another for $294.51. Martin A. Logies, in The Flowing Hair Silver Dollars of 1794: An Historical and Population Census Study, writes:

"Once the silver planchets were prepared, (Chief Coiner Henry) Voight commenced striking the new silver dollars. Immediately, it was apparent that the Mint's equipment, which had functioned well in coining the soft copper cents and half cents, was inadequate to strike the new, larger diameter, hard silver coins with the intended quality. Only 2,000 specimens were originally produced (matching Rittenhouse's silver deposit), all from one set of dies, and then mintage was suspended, pending the arrival of better equipment. Of these, 242 specimens were immediately rejected as being totally unacceptable ... leaving only 1,758 specimens to be delivered on October 15, 1794. Since Mint Director Rittenhouse provided the silver for these dollars, all 1,758 were paid out to Rittenhouse, and it was then he who distributed them to others."

Light to medium gray patination covers the semibright surfaces of this XF Details example. Sharp definition characterizes the design features, except for the typical weakness along the left obverse and reverse borders. Light abrasions are distributed over both sides, and there is a small rim bruise under the 79 of the date, and two or three more at the left reverse rim. A small scratch from the lower middle part of the eagle's left (facing) leg extending to the bottom of the nearest leaf, and a small contact mark on the lower right part of the eagle's neck, help to pedigree the coin for future catalogers and researchers. In this regard, it is instructive to note that this piece does not match the plates or descriptions of the 117 1794 dollars referenced in Collins and Breen, or the 125 examples listed in Logies.
Some light adjustment marks are visible along the left obverse border. The "Repair" NCS alludes to is not readily apparent, though there is a cluster of small marks in the right obverse field that may have been placed there intentionally.
In summary, this is a highly collectible example of one of America's most famous coins, despite a number of surface and rim marks. As such, we expect bidding to be quite strong.(Registry values: N10218) (#6851)

Auction Name: 2009 May Long Beach, CA Signature US Coin Auction #1125
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.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-2139)
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: 13 Internet/mail bidders, 921 page views



Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 402, Lot 822 Friday, April 7, 2006 40 ANACS $69,000.00
Auction 280, Lot 7156 Saturday, January 12, 2002 40 NGC $86,250.00
Auction 175, Lot 6470 Saturday, August 2, 1997 40 PCGS $58,650.00
Auction 122, Lot 7084 Saturday, July 30, 1994 40 ANACS $31,900.00
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

Consign to the 2010 June Long Beach, CA Signature World 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