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Lot
6108

1794 $1--Light Scratches, Old Cleaning--AU58 SEGS. Mint ...

2004 June Long Beach Signature Sale #349

 
Sold for: Not Sold
Auction Ended On: Jun 3, 2004
Item Activity: 4 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Sharply Defined, Near-Mint 1794 Dollar
1794 $1--Light Scratches, Old Cleaning--AU58 SEGS. Mint records indicate that only 1,758 silver dollars were minted in the initial year of production, 1794. Of that number probably no more than 130-140 pieces are believed extant today in all grades. Needless to say, most are nowhere near as well defined as this piece. The central portions are boldly brought up and the coin was struck on a rough planchet. As always, the lower left portion of the obverse (specifically the first few stars and the lower digits in the date) are weakly defined, as is the left side of the reverse. This, of course, is from the coin being struck from misaligned dies, as was almost all the mintage. But we must point out that strike-wise this piece is far superior to almost all other 1794 dollars in existence. Close examination reveals numerous shallow scratches in the fields, most notably the left obverse field, which is also faintly tooled. A few minor adjustment marks are also located over the figure of Liberty. The fields and more recessed areas of the design have taken on a light gold coloration while the higher portions of the coin show steel-gray patina. A very well defined example of this numismatic classic and the first year of issue for the basic monetary unit of the newly-formed United States. (#6851) (Registry values: N14284) (NGC ID# 24WY, PCGS# 6851)

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