1795 $1 3 Leaves MS (PCGS# 6852)

FUN09 PN

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    3926
  • Grade:
    MS64
  • Price:
    $218,500.00
Lot Description
1795 $1 Flowing Hair, Three Leaves MS64 PCGS. B-7, BB-18, R.4. The Flowing Hair silver dollars of 1795 are sometimes overshadowed by their famous cousins of 1794, but this specimen will stand out in any collection of early silver dollars. The coin possesses uncommon virtues in many areas. Its superlative condition makes the coin a prize for any connoisseur of early silver dollars. The advanced type collector cannot overlook this piece if he desires a truly superb example of the Flowing Hair type. The collector of Red Book varieties will be especially pleased to find such a high-end specimen of the coveted Three Leaves variety. Finally, no student of numismatic history can fail to be impressed by the coin's illustrious pedigree. Production of silver dollars was suspended from October 1794 until May 1795 because the Mint did not have a screw press capable of striking silver dollars. The difficulties encountered in striking this denomination in 1794 convinced Mint Director David Rittenhouse that a larger press was necessary, and the Mint concentrated on the half dollar denomination, which could be coined without defect on the existing machinery. A larger, more powerful press was designed and built for silver dollar production. The press was ready for operation on May 6, 1795, and the first delivery of 1795 dated silver dollars took place the same day. The delivery of 3,810 pieces was more than twice the number of silver dollars produced in the previous year, indicating the Mint had found solutions for the production problems that had plagued the denomination the year before. Silver dollar coinage continued, with only short interruptions, until October 27, 1795. The deliveries totaled 203,033 pieces, but this includes many examples of the Draped Bust design, which was adopted in the middle of the year. Q. David Bowers believes that dies dated 1795 were used in later years to create more 1795 dated dollars. Bowers estimates that approximately 390,000 pieces of this date
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