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Lot
6206

1794 $1--Plugged, Repaired, Tooled, Whizzed--ANACS. Fine ...

2004 January Long Beach Signature Sale #342

 
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Auction Ended On: Jan 30, 2004
Item Activity: 19 Internet/mail/phone bidders
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Description:
Important 1794 Flowing Hair Silver Dollar
1794 $1--Plugged, Repaired, Tooled, Whizzed--ANACS. Fine Details, Net Good 6. B-1, BB-1. Representing 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 of 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 dreary gunmetal-gray surfaces suffer from a variety of distractions, most in connection to a plugged repair to the left of the date. In order to even out the coin's surface texture, it was subsequently harshly brushed and then artificially colored to its present dark gray finish. Normal adjustment marks are noticed along the left side of the obverse. Surface impairments, although quite severe on this piece, are a generally accepted fact of life if one aspires to own this acclaimed silver dollar rarity.
From The Charles Buck Collection. (#6851) (Registry values: P6, N6900) (NGC ID# 24WY, PCGS# 6851)

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