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1794 S$1

1995 October Long Beach Signature Sale #144

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‡Note: The owner placed a late bid on this unreserved lot and repurchased it, subject to applicable commission.
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Auction Ended On: Oct 6, 1995
Item Activity: 2 Internet/mail/phone bidders
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Location: Long Beach, CA
Original, High Grade 1794 Dollar--Ex: Connecticut Historical Society
1794 AU 58 NGC. 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 90-100 pieces are believed extant today in all grades. This coin has very little actual wear, but there are innumerable adjustment marks around each side that detract from its overall desirability. The digits in the date are actually well defined, but the stars on the left side are only partially brought up as are the peripheral legends on the reverse. The coin is toned a lovely iridescent gray and golden with much underlying mint luster evident.
The adjustment marks that are so prevalent were commonly done in the early days of the mint to planchets that were overweight. A file was drawn across the surface and excess metal removed by this method until the planchet was brought down to the desired weight. It was a crude method, but such practices give early American coins an undeniable charm. This piece is most readily identifiable by a toning spot in the exergual area above the space between the 1 and 7 in the date. The unique configuration of the peripheral adjustment marks also help identify this as the Connecticut Historical Society specimen.
Louis B. Hungerford was the first owner of record of this important coin. In 1926 he donated it to the Connecticut Historical Society where it resided until 1983, then: Ex: Connecticut Historical Society (Bowers and Merena, 4/83), lot 736, sold to Richard Nachbar for an unnamed collector; Auction '88 (Akers, 7/88), lot 628; Auction '90 (Akers, 8/90), lot 1626. (NGC ID# 24WY, PCGS# 6851)

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