1795 $1 B-3 BB-11 Silver Plug MS (PCGS# 39990)

Pre-Long Beach

  • Auctioneer:
    Ira & Larry Goldberg
  • Lot Number:
    1476
  • Grade:
    EF-40
  • Price:
    $25,300.00
Lot Description
With regards to originality, eye appeal and plug definition, this 1795 Flowing Hair Silver Plug dollar is one of the most attractive we have seen! Even wear from years of circulation has left all devices showing the same amount of friction and all possessing the same light silver appearance. A uniform antique coloration rests atop all surfaces and is accented by a light steel blue and golden patina. With regards to marks, two old scratches are noted just below the LI of LIBERTY where Liberty's hair meets the fields and a small planchet depression, evidently mint made, is found to the upper left of the first A in AMERICA. Measuring just slightly above 8 millimeters in width, the obverse plug shape is circular with a "pan handle" beginning to spread down Liberty's neck. Reverse plug shape is a jagged edge circle found over the majority of the eagle's breast and left wing. Plug definition is completely clear at an arm's length away for both sides! An extremely choice example that would be the perfect addition to a high quality early type set!<BR><BR>While the circumstances surrounding the production of these early dollars with silver plugs can only be theorized, the suggested reasoning is quite logical and convincing. Famous numismatist Q. David Bowers first described these "plugs" in 1981 and researched there existence more heavily alongside numismatists Tom DeLorey, Kenneth E. Bressett and Roger W. Burdette in the decade that followed. In a nutshell, they speculated that the silver plugs were inserted into lightweight planchets before striking in order to bring the planchets up to weight. After inserting the silver plug, if the planchet was a tad too heavy, it was adjusted down, otherwise the coin was then struck to flatten out the inserted plug.<BR><BR>The demand for silver plug Flowing Hair dollars has increased steadily over the past 5-10 years. With minor peaks and valleys along that trend, many more collectors desire a silver plug example for their collection t
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