1794 $1 MS (PCGS# 6851)

FUN07 Volume #2

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    4941
  • Grade:
    VF25
  • Price:
    $126,500.00
Lot Description
1794 $1 VF25 NGC. B-1, BB-1, R.4. Lowest curl near star 2; leaf joins second T of STATES. This is the Reiver plate coin for the obverse and reverse of this variety. Described in the Superior catalog as, "An unusually attractive coin for the grade with lovely even gray color on both the obverse and reverse. The strike is above average with approximately half of the date present and the stars at the left fairly well detailed. On the reverse, much of the word STATES is indistinct. This weakness is further accentuated by the presence of some fairly heavy adjustment marks which ring much of the border. The obverse fields are very clean with no significant marks noted; two identifying reverse rim marks located at 2 o'clock and 3 o'clock, readily serve as identification. This is as attractive an example of a middle grade 1794 Dollar as we can imagine and it is especially worthy of praise for its originality and excellent appearance." Of the original mintage of 1,758 pieces, there are approximately 130 coins known. Many show adjustment marks, usually found along the reverse rim. Most of the issue was poorly struck, notably on the left side of the obverse and reverse, as seen on the current specimen. Of the known examples the majority are very weak among the stars on the left of the obverse, and similarly are quite weak on the upper portions of the letters in UNITED STATES. Breen noted that in 1794 the Philadelphia Mint did not have a coining press large enough to coin silver dollars, and thus the smaller press used for half dollars and small coins was used. Of the 1794 silver dollars known, most are generally weak with just a few sharper impressions known. The design featured Liberty looking upward with her hair curls flowing freely in the breeze. Fifteen stars surround Liberty, one for each state in the Union at that time, with the date below and LIBERTY above. On the reverse a delicate eagle is perched on the ground, with its wings outstretched, surrounded by a laurel wre
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