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Lot
7927

1794 $1 VF20 Details, Repaired, NCS. B-1, BB-1. The 1794 ...

2004 May (CSNS) Signature Sale #346

 
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Auction Ended On: May 7, 2004
Item Activity: 7 Internet/mail/phone bidders
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Location: Milwaukee, WI
Description:
Pleasing 1794 Dollar With VF Details
1794 $1 VF20 Details, Repaired, NCS. B-1, BB-1. The 1794 dollar is one of the best known rarities in the entire series of U.S. numismatics. The mintage is also well known: only 1,758 pieces were struck. In fact, the mintage and lore about this issue are so well known that we showed this coin to a former coin guy, now turned currency expert, and he remembered the exact mintage, even though when he was dealing in coins he never got any closer to a 1794 than a dealer's showcase. It is widely believed that between 120 and 140 examples survive today in all grades--this estimate being based largely upon research done by the late Jack Collins, whose unpublished manuscript we do not have in our library (hint, hint).
This particular coin was repaired in 1976 on stars 2, 3, and 4 on the obverse, and on the reverse STAT in STATES was strengthened. The surfaces overall are somewhat bright with an overlay of medium gray patina interspersed with brilliance, this effect being most obvious on the reverse. The most obvious features that will help trace the pedigree of this coin are a short, angling mark above the 1 in the date, a tiny rim bump at 9 o'clock on the reverse, and a slightly curved planchet flaw below and to the left of the eagle's left (facing) wing. There is also tiny, round pit between Y and star 9; and a tiny pit in the field behind the third curl back of the head. This piece was certified by ANACS in August 1982 (certificate #EX3736), but not graded, as "repaired, engraved, whizzed."
Ex: Bill Grayson (1976); to Silver Towne / Leon Hendrickson; The Charmont Sale (Steve Ivy, 8/83), lot 3768, where bought in at $16,000; reconsigned to The 1988 ANA Sale (Heritage, 8/88), lot 930, where it realized $10,450, and was graded Very Fine 20/20. (#6851) (Registry values: N10218) (NGC ID# 24WY, PCGS# 6851)

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