1795 $1 Silver Plug MS (PCGS# 6854)

2009 CSNS PN

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    2534
  • Grade:
    AU50
  • Price:
    $54,625.00
Lot Description
1795 $1 Flowing Hair, Silver Plug AU50 PCGS. B-7, BB-18, R.3. In 1795 the Mint continued an experiment that was apparently first tried on a single 1794 dollar. The silver plug experiment was designed to adjust planchet weights before the coins were struck. Some planchets were too heavy, and they were adjusted by filing them down to the standard weight. Others were too light, and those planchets were routinely melted, with the metal rolled into strip again. But in 1795, apparently a few lightweight half dollar planchets and many lightweight dollar planchets had a tiny silver plug inserted into the planchet. This was done by drilling a small hole through the planchet, inserting a tiny piece of additional silver in the hole so that the extra silver extended above and below the planchet surface, and carefully striking the combination. When the combination of the planchet and silver plug were struck, the plug expanded and picked up the design from the dies. This piece clearly shows the spread out extra silver at the center of the coin. The plugged portion of the coin is in the ballpark of 8 mm. diameter. A pleasing piece, the present specimen has satiny luster visible through the dark gray, champagne, and iridescent toning across both surfaces. NGC and PCGS, combined, have certified 69 silver plug 1795 dollars with an average grade of VF35. This piece is substantially finer than the typical example. Population: 3 in 50, 5 finer (3/09). From The Joseph C. Thomas Collection.
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