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    1794 Dollar--An Early American Classic

    1794 XF 45 Holed and Expertly Repaired. Only 1,758 pieces were minted in this initial year of dollar production, making this an instant classic and one of the most eagerly sought after coins in all of U.S. numismatics. It is believed that today 120-130 pieces exist in all grades. While the technical grade of this coin is XF 45, the net grade, and thus the value, is less than a problem-free XF coin (if such a thing even exists in a 1794).
    The peripheral stars are uniformly weak on both the left and right side. This is noteworthy as almost all dollars of this date have the first few stars on the left weakly defined while the others are quite well brought up. The interpretation given to this is that after the first few coins were struck the dies slipped out of alignment and stayed that way for the remainder of the production run. This coin may have been one of the first produced prior to the dies slipping out of alignment. Each side is essentially untoned, being made that way from cleaning, with hairlines over both obverse and reverse. A couple of dark spots of color are noted, specifically over the RT of LIBERTY, with a few smaller ones scattered across the eagle. Evidence of a hole and repair are seen on the obverse below the 1 in the date and along the rim on that side. On the reverse the repair is over the tops of the letters ATES, where these letters have been strengthened and the field smoothed. For its problems, this coin lacks any sign of the usually numerous adjustment marks seen on most 1794s.

    Coin Index Numbers: (PCGS# 6851)

    Weight: 26.96 grams

    Metal: 89.24% Silver, 10.76% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    August, 1998
    3rd-6th Monday-Thursday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 340
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