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Lot
6134

1794 $1 Fine 15 PCGS. B-1, BB-1. This is an unmistakable ...

2003 Charlotte ANA National Money Signature Sale #316

 
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Auction Ended On: Mar 21, 2003
Item Activity: 16 Internet/mail/phone bidders
390 page views
Location: Charlotte, NC
Description:
Distinctive 1794 Dollar, Fine15, Ex: Cornelius Vermeule Collection
1794 $1 Fine 15 PCGS. B-1, BB-1. This is an unmistakable 1794 Dollar. It has a prominent pedigree marker that is impossible to miss. It appears that a piece of bent wire, approximately 10 mm. long, that starts in the middle of Liberty's neck and terminates in the field just below the neck, fell between the die and the blank planchet, leaving a distinctive impression on the finished coin. This coin was unknown to the late Jack Collins. Jack spent decades researching 1794 Dollars and tracing their pedigrees. However, this coin has remained, until recently, in the collection of Cornelius Vermeule, noted author of Numismatic Art in America. It was purchased by Vermeule from Norman Stack in the late 1960s, while Mr. Vermeule was researching coin types with Mr. Stack for his landmark book.
The story of the 1794 is well known, but it always bears repeating. Only 1,758 pieces were struck, and it is believed that probably somewhere around 130 coins are extant today. Shortly after the first couple of pieces were struck, the dies slipped out of alignment, causing the date and first few stars on the left to be weakly defined (as well as the corresponding area on the reverse). This is especially noticeable on this piece, the weak definition from misaligned dies being coupled with considerable wear, causing just the tops of the digits in the date to be discernible. The surfaces are light gray overall with deeper gray accents in the recesses of the design and around the obverse periphery. Numerous small abrasions are scattered over each side, but none are worthy of individual mention.
Ex: Cornelius Vermeule Collection (Stack's, 9/01), lot 414, where it realized $17,250. (NGC ID# 24WY, PCGS# 6851)

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