1795 $1 B-1 BB-21 Silver Plug MS (PCGS# 39994)

Pre-Long Beach

  • Auctioneer:
    Ira & Larry Goldberg
  • Lot Number:
    3014
  • Grade:
    VF-25
  • Price:
    $14,950.00
Lot Description
Dark grey toning on both sides. Nice details for the grade, although there are a few marks in the fields, in above L in LIBERTY, a few at the neck, another abbove star 2, etc. But all in all the coin fits nicely within this grade classification, and has excellent, problem-free rims. The unusual "silver plug" is readily apparent on the reverse at center. The silver plug coins are known on several dates and varieties, but usually on just a few coins of each. It is believed that during the planchet making process, now and then planchets would be underweight (each was weighed by hand), and would normally have to be remelted, drawn and cut to size again. Possibly using the silver center cent as an example, it was decided to drill out the center of the blank silver dollar planchet on these underweight pieces, insert a silver "plug" so as to bring the weight up to the required 26.96 gram standard, and strike the coin normally. The plug would flatten out and become meshed with the coin, increasing the weight to the required tolerance (PCGS # 6854) </B>. <BR>Estimated Value $5,000 - 6,000.
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