1794 $1 MS (PCGS# 6851)

2006 April (CSNS) Signature Auction #404

  • Auctioneer:
    Heritage Auctions
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Lot Description
1794 $1 VG10 PCGS. B-1, BB-1, R.4. We last offered this identical silver dollar in our 1996 ANA Signature Sale as lot 5511. At the time, we commented: "As the first year of issue for silver dollars, the 1794 was destined to be a favorite of collectors. But it is also one of the rarest dollars ever struck with only 1,758 pieces produced. Today 90-100 pieces [now 125 to 130] are estimated to still be extant in all grades and almost all these coins have known pedigrees thanks to the tireless efforts of Jack Collins over the past twenty years. While lacking almost all the detail on the left side of the obverse (weakness in this area is characteristic of almost all '94 dollars), this is actually quite a nice example for the collector who cannot pay the astronomical prices asked for high grade examples. The surfaces are exceptionally smooth overall. The most obvious marks that can be used for pedigree purposes are a pair of near-vertical marks on the lower cheek of Liberty, a check-shaped die flaw outside star 1, and a long, thin scratch that extends from the rim through the 4 in the date and bends above the first star into the rim again. On the reverse much of UNITED STATES is gone also, but there are no mentionable abrasions on that side. Both sides display a light gray patina overall with a faint undertone of rose." More recently, Martin Logies provided further details in his 2004 study of the same subject: "Die State III with clash marks visible on obverse and reverse, and third hair curl shallow. Strike weakness is visible at the bases of the numerals of the date, obverse stars one through eight, the ends of Liberty's hair curls, the tops of the letters LIBE, and the tops of the letters in UNITED STATES on the reverse. The obverse displays a number of handling marks, the most notable being a long, thin scratch from the area between stars one and two, running to the right above star one and the numerals 179 in the date, and then cutting through the numeral 4 to the ri
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