Skip to main content
Go to accessibility notice

    Description

    1794 Flowing Hair Dollar, VF30
    Classic First-Year Rarity, B-1, BB-1
    Attractive Surfaces, Crisp Central Devices

    1794 $1 B-1, BB-1, R.4, VF30 NGC. The Mint Resolution of 1791 granted President George Washington authorization to seek personnel and secure equipment for a Federal Mint, but the Resolution was weakly worded and lacked resolve, nor did it provide any tangible means of financial support. Still, before the ink was dry on the Resolution, a decision was made to create a sovereign national Mint, rather than rely on outside contractors or foreign producers for coinage operations. Ongoing pressure remained from influential individuals who had a vested interest in keeping the nation's coinage in private hands. A second decision established a new decimal system of coinage -- uniquely American -- foregoing the temptation to rely on traditional methods of reckoning based on foreign currencies. The Mint Act of April 2, 1792 provided the "teeth" and wherewithal to support a new Mint and create a comprehensive Federal coinage system.

    After passage of the Mint Act, initial mintages of U.S. half dismes, half cents, and large cents followed in rapid-fire succession. Those lesser denominations set the stage for production of the primary coins of commerce -- half dollars and dollars, to be struck in 1794. The Mint was ill equipped for such large-sized coinage, with a screw press that was better suited to the smaller denominations, and it had few resources for silver bullion. Planchet preparation was rudimentary at best.

    It was not until October 1794 that any large silver coinage was attempted at the Mint. Flowing Hair silver dollars led the way -- the first large silver coins struck, becoming the new nation's showpiece -- although the mechanics of striking such a sizeable silver issue were far more challenging than expected. The coin's large diameter was beyond the screw press capabilities, which were better suited for copper coinage than silver, and could effectively strike coins of a size no larger than a half dollar.

    An initial mintage of 2,000 silver dollars called for according the bullion provided by Mint Director David Rittenhouse, although that count was reduced by at least 242 coins, nearly all of which were either melted or never struck due to production problems. Of the 1,758 delivered dollars, most were weakly struck from misaligned dies. Less than 8% of the mintage survives today. Silver dollars were not struck again until a larger screw press was installed and deemed operational in June 1795. Most of the silver dollar production problems were solved by the larger press.

    Of the few 1794 silver dollar that survive, not many pieces can match the smooth and untroubled surfaces of this attractive VF30 example. It represents Bowers Die State II, with areas of die clashing on both sides, but no die lapping is seen. Clash marks surround Liberty's portrait and the inside of the reverse wreath. The date is readable, with the top half of all four numerals weak but visible. A minor reverse rim bump at 6 o'clock identifies the coin as the Kissner specimen -- the sole mark of any significance on either side. This coin is plated and listed in Martin A. Logies' The Flowing Hair Silver Dollars of 1794 on page 209. Any 1794 dollar with original surfaces is rare and symbolic of an advanced collection. We expect enthusiastic bidder response for this virtually problem-free, pleasing VF30 example.
    Ex: Robert J. Kissner Collection (Stack's, June 1975), lot 710; United States Gold, Silver, & Copper Coins (Stack's, May 1990), lot 1195; Dr. Jack Adams Collection (Superior Galleries, May-June 1992), lot 2100; The Kodiak Collection / FUN Signature (Heritage, 1/2020), which realized $132,000.

    Coin Index Numbers: (NGC ID# 24WY, Variety PCGS# 39972, Base PCGS# 6851)

    Weight: 26.96 grams

    Metal: 89.24% Silver, 10.76% Copper


    View Certification Details from NGC

    Auction Info

    Auction Dates
    August, 2021
    18th-22nd Wednesday-Sunday
    Bids + Registered Phone Bidders: 29
    Lot Tracking Activity: N/A
    Page Views: 776

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Sold on Aug 18, 2021 for: Sign-in or Join (free & quick)
    Track Item
    Coming soon:

    Luxury Real Estate
    Opens about 07/23/2021

    Comics & Comic Art
    Opens about 09/27/2021

    Luxury Real Estate
    Opens about 08/06/2021

    Jewelry & Timepieces
    Opens about 09/24/2021

    Photography
    Opens about 09/22/2021

    Decorative Art
    Opens about 09/23/2021

    Fine Art
    Opens about 09/28/2021

    Fine Art
    Opens about 09/28/2021

    Fine Art
    Opens about 09/29/2021

    US Coins
    Opens about 09/20/2021

    Currency
    Opens about 10/04/2021

    Western & Texas Art
    Opens about 10/01/2021

    Sports Collectibles
    Opens about 10/01/2021

    US Coins
    Opens about 09/24/2021

    Fine Art
    Opens about 10/05/2021

    Decorative Art
    Opens about 10/07/2021

    World & Ancient Coins
    Opens about 10/04/2021

    Comics & Comic Art
    Opens about 09/30/2021

    Comics & Comic Art
    Opens about 10/11/2021

    Decorative Art
    Opens about 10/08/2021

    US Coins
    Opens about 10/01/2021

    Fine Art
    Opens about 10/13/2021

    Comics & Comic Art
    Opens about 10/07/2021

    US Coins
    Opens about 10/04/2021

    Fine Art
    Opens about 10/15/2021

    Entertainment
    Opens about 10/18/2021

    Jewelry & Timepieces
    Opens about 10/22/2021

    Manuscripts
    Opens about 10/18/2021

    Comics & Comic Art
    Opens about 10/18/2021

    Entertainment
    Opens about 10/18/2021

    Musical Instruments
    Opens about 10/12/2021

    Fine Art
    Opens about 10/19/2021

    Photography
    Opens about 10/20/2021

    US Coins
    Opens about 10/22/2021

    Decorative Art
    Opens about 10/21/2021

    Comics & Comic Art
    Opens about 10/14/2021

    US Coins
    Opens about 10/11/2021

    Space
    Opens about 10/25/2021

    World & Ancient Coins
    Opens about 10/17/2021

    Currency
    Opens about 10/18/2021

    Silver
    Opens about 10/26/2021

    Fine Art
    Opens about 10/26/2021

    Jewelry & Timepieces
    Opens about 10/18/2021

    Fine Art
    Opens about 10/27/2021

    Fine Art
    Opens about 10/27/2021

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 23 days left to consign to the 2021 December 11 - 13 HKINF World Coins Signature® Auction !

    Learn about consigning with us

    I want especially to thank you for your courtesy and professionalism. I felt taken care of.
    Stephen M.,
    New York, NY
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search