1794 $1 SP (PCGS# 86851)

The January 2013 Americana Sale

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Lot Description
1794 Flowing Hair Silver Dollar. B-1, BB-1, the only known dies. Rarity-4. BB Die State I. Silver Plug. Specimen-66 (PCGS). CAC. <strong>Die Variety: </strong>There is just a single variety known of the circulation strikes of 1794 silver dollars, both dies were apparently retired and not seen on any other die marriages of 1795. <br /> <br /> <strong>Die State: </strong>This is the earliest die state seen, a perfect die state match to the copper pattern 1794 Dollar (Judd-19) now at the Smithsonian--which is believed to have been struck first to test the dies and coining press. The definition of Die State I includes notable differences that are seen on the third curl up from the bottom of Liberty's hair, which is longer and more defined here than on any subsequent specimen reported. The copper pattern and the present coin are the only two known from this die state. Die State II coins show considerable evidence of die clashing, later states have the clashing lapped off, weakening this curl and other devices a bit further. Later die states also show that the dies were not perfectly aligned, hence the left side of the struck coins is always weakly struck&nbsp;compared to the strike definition on the right side. Of the approximately 135 1794 silver dollars known, all but this example show evidence of clashing or die lapping designated as Die State II or higher, placing this unique specimen as the very earliest struck of all known examples, and very possibly representing the very first silver dollar struck by the United States. <em>The importance of this commentary cannot be overemphasized.</em><br /> <br /> <strong>Strike: </strong>Of the entire known population of 1794 silver dollars, this is the only example to exhibit <em>prooflike reflectivity</em> in the fields. Indeed, when the coin is viewed out of its encapsulation, the fields flash with astounding deep mirror reflection, providing remarkable contrast to the fully frosted devices. In addition to this important fac
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