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Splendid 1794 Silver Dollar, VF25
B-1, BB-1, R.4

1794 $1 VF25 PCGS. B-1, BB-1, R.4. The 1794 silver dollars are among the most heavily studied individual issues in the entire American numismatic series. The late Jack Collins spent decades studying and photographing individual specimens, with the goal of a provenance and history of the issue, including a complete pedigree record and photograph of every known specimen. At the time of his death, his record was nearly completed.
Early dollar specialist Martin Logies prepared his own study of the coins, largely based on the previous work that Collins had completed.
In The Flowing Hair Silver Dollars of 1794, Logies wrote an appreciation of Collins and his work:

"The author must also acknowledge the inspiration provided by the late numismatist and researcher Jack Collins, who himself spent a quarter of a century researching the 1794 dollar. While Jack's untimely passing prevented the completion and publication of his research, he nonetheless served as the pioneer in this field, and demonstrated that a study such as this one was possible and meaningful."

The knowledge available to numismatists today is such that few 1794 silver dollars remain anonymous. By that, we mean that nearly every 1794 silver dollar that appears in the marketplace today has appeared at some time in the past. We currently have a list of 132 different specimens, including this piece.
The glossy surfaces of this coin exhibit attractive olive, brown, and steel toning. The surfaces are smooth, with only a few minor marks. A small scrape of light silver appears on the obverse at 11 o'clock. The remaining nearly invisible marks on each side are ancient and blend nicely with the surrounding color. A thin scratch outside stars 4, 5, and 6 provides immediate identification of this specimen. Collins and Logies each published an extensive physical description of the coin, including the position of every single blemish. Most of the marks are consistent with the grade and hardly warrant discussion.
In 1981 the RARCOA cataloger wrote: "Choice Very Fine. An exceptional specimen with very light attractive toning over virtually immaculate surfaces that are totally devoid of nicks, scratches, or problems of any kind. Additionally, this piece has a full, complete four digit date."
In 1987 the Bowers and Merena cataloger wrote: "A very pleasing coin with smooth even wear, and although a few marks are evident, as is normal for the grade, the piece is far above average in quality. The surfaces are a glossy light silver gray. Overall the piece has an extraordinary aesthetic appeal."
In 1989 Bowers and Merena wrote: "A nice, glossy smooth specimen very faintly toned in appealing mottled hues of coppery gold and lilac gray. About two-thirds of Miss Liberty's hair details are clear, as are an equal proportion of the eagle's wing feathers. A pair of tiny rim marks are present, but these are scarcely worth mentioning."
Ex: a collector surnamed O'Neil; American Coin (Alan Van Vliet, 1974); Pasadena Coin Co. (Henry and Richard Heller, 1974); Mitch Mellowitz; Jess Peters (8/1974), lot 904; Auction '81 (RARCOA, 7/1981), lot 147; Bowers and Merena (11/1987), lot 368; John Koppell; Bowers and Merena (6/1989), lot 142.(Registry values: N10218) (NGC ID# 24WY, PCGS# 6851)

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Auction Dates
August, 2010
Internet/Mail/Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 2,093

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