1795 $1 Flowing Hair, Three Leaves MS65 NGC. CAC. B-5, BB-27, R.1....
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 17.5% of the successful bid (minimum $14) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- When you get your electronic invoice, select "other" from the payment options.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- Minimum down payment is 20%.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Second Finest B-5, BB-27 Known
Tied for Third Finest Three Leaves Dollar
Obverse Die. The obverse die of B-5, BB-27 appears nowhere else in the early dollar series. This is the Head of 1795 with a shoulder loop below the bust. Liberty's flowing hair ends in six curls with the middle two closely spaced. All of the stars are distant from the devices and letters. A diagonal, raised bar near the top hair curl on the obverse is an identifying feature seen on all surviving examples of this variety.
Reverse Die. The reverse appears on B-6, BB-25; B-12, BB-26; and B-5, BB-27. The eagle has five tail feathers, and the wreath has three leaves below each wing. There are two berries below the first T in STATES, and that is diagnostic for the reverse die among Three Leaves dollars.
Die State. This piece, in an early die state, shows a faint die line from the left stem end toward the border. Bowers describes it as a die crack, but our own experience suggests it is common to all die states and is an errant engraving line. No clash marks or die cracks are visible; this is a "perfect dies" coin, one of the first examples of the B-5 die marriage produced.
Condition Census. The Newman Collection example is among the finest known for any 1795 Flowing Hair, Three Leaves silver dollar. It is the second-finest example of B-5, BB-27 known to us behind the Montgomery specimen, an MS66 NGC piece from a British collection before its appearance in a 1976 Bowers and Ruddy sale. The Eliasberg coin and three or four others are graded MS64. Perhaps 50 to 75 Mint State examples survive in all.
Appearances. This specimen is illustrated as part of NGC's presentation of the Newman Collection at www.NGCCoin.com.
Commentary. Robert Scot (1745-1823) was appointed the first chief engraver of the U.S. Mint on November 20, 1793. The Scottish-born engraver, formerly a watchmaker, remained at his Mint post until his death on November 1, 1823, serving three weeks shy of 30 years. It is certain that Scot engraved most of the dies for the 1794- and 1795-dated silver dollars, with some help from his assistant engraver, John Smith Gardner. Today, the designs and dies are all attributed to Scot, as it is impossible to distinguish between the work of Scot and Gardner.
In the 1790s, Scot and his staff utilized design punches to aid their work. Of course, the engraver had to create the various punches that he intended to use. Those punches included the main device punches and various individual punches for letters, numerals, stars, and leaves. Sets of those punches had to be prepared for each denomination, and each set of punches may have taken several weeks to produce. Ron Landis, formerly of the modern-day Gallery Mint, writes: "Even though the engraver may do some of the final details in a working die, his main work is in the preparation of all the hubs, master dies, punches, and punch matrices."
Once the punches were made, the die sinker or assistant engraver entered the main devices in the working die, and then completed the die with the individual star, letter, and digit punches. There was likely some additional hand engraving done to finish the die, such as strengthening of hair elements, or the addition of berries and extra leaves. With access to all of the punches, a single working die could be completed in about one day, or two days for a die pair. For the 1795 Flowing Hair silver dollars, 10 obverse dies and 11 reverse dies were utilized, taking about three weeks to complete.
For the Flowing Hair dollars, there were two portrait punches, two eagle punches, and two wreath punches. The portrait punches are identified today as Head of 1794 and Head of 1795. The Head of 1794 has a single bottom bust line and the Head of 1795 has a doubled bust line (shoulder loop) below the back part of the neck, or above the 17 in the date. There are several other minor differences.
Two eagle punches are identified as Eagle I (six tail feathers) and Eagle II (five tail feathers), with several minor differences. The count of tail feathers easily distinguishes these two punches. Perhaps the best known punches for the Flowing Hair dollars are the wreath punches. Today, these have either two leaves under each wing, or three leaves under each wing. The wreath styles are collected as separate Guide Book varieties. For variety specialists, the combinations of different obverse and reverse punches helps to establish the emission sequence, and simplify variety attribution.
The Eric P. Newman specimen combines the Head of 1795 with the Five Tail Feathers eagle, and the Three Leaves wreath. Liberty's portrait is deeply sunk in the die, resulting in particularly bold relief on the obverse. This makes the B-5 a popular choice for type collectors seeking a 1795 Flowing Hair, Three Leaves dollar.
A total of 19 die marriages are identified for 1795 Flowing Hair dollars (B-1 through B-13, B-16, and B-18 through B-22). Six of the 19 have the Three Leaves reverse. Four of those are unknown in Mint State: B-6, B-12, B-19, and B-22, leaving only two die marriages available to acquire a high-grade specimen: the B-5 and the B-7. The current auction record for any 1795 Flowing Hair dollar is $1,265,000 for an MS66 PCGS example that was sold in December 2005 for four times the presale estimate. We anticipate similar strong bidding for the Eric P. Newman example.
Provenance. Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $60.00; Eric P. Newman Numismatic Education Society.(Registry values: N14284) (NGC ID# 24WZ, PCGS# 6852)
|Items being sold are from the extensive collection of Eric P. Newman Numismatic Education Society (a Missouri not-for-profit corporation) and have been assembled over a period of 90 years. Proceeds of the sale of all items will be used exclusively for supplementing the Society’s museum operations and scholarly numismatic research efforts and for the benefit of other not-for-profit institutions selected by Eric P. Newman Numismatic Education Society for public purposes.|
Service and Handling Description: Coins & Currency (view shipping information)