1795 $1 Silver Plug MS (PCGS# 6854)

Pre-Long Beach

  • Auctioneer:
    Ira & Larry Goldberg
  • Lot Number:
    2776
  • Grade:
    VF-30 BB-18<BR>BB-18
  • Price:
    $16,100.00
Lot Description
Attractively toned with a darker tone streak above the head. Well centered on a problem-free planchet. The B-7, BB-18 dollar features the first head style, sometimes called the Head of 1794, with a rounded bust tip, and lacking a shoulder loop below the left side of the neck. The modified portrait, known as the Head of 1795, has a pointed bust tip and a shoulder loop. On the reverse of this variety, the wreath has three leaves below each of the eagle's wings, unlike the 1794 or earlier 1795 dollars. <BR><BR>The silver plug dollars are known on several die varieties, but usually on just a few coins of each. It is thought that during planchet production, a planchet would be slightly short weight. Under most circumstances it would have to be melted. Some bright person at the Mint decided to use the 1792 silver center cent as an example, and drill out the center of the blank silver dollar planchet, insert a silver "plug", and strike the coin normally. The plug would flatten out and become a part of the coin, in the processing increasing the weight to the desired standard (PCGS # 6854) </B>. <BR>Estimated Value $6,000 - 7,000.
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