1794 Flowing Hair Silver Dollar. PCGS graded Very Fine-20. CAC. - copy
1794 Flowing Hair Silver Dollar. PCGS graded Very Fine-20. CAC.
A gorgeous, original example of the first silver dollar minted in the United States.
Soft golden gray in the centers on both sides, with faded green-gray-blue toning as it approaches the periphery. As is common with 1794 dollars, the obverse strike is weak at the rim from the 5 o'clock to the 10 o'clock positions. The explanation given by experts for why so many 1794 dollars are found this way is that the dies shifted early on, and they were no longer parallel to each other.
Most 1794 dollars are also found with numerous distracting adjustment marks. Happily, this coin as escaped that fate.
2,000 pieces were made with one pair of dies, of which 1,758 pieces were found to be satisfactory in quality, and were released to circulation. Approximately 150 or so pieces are known today.
Included in that number are quite a few that have been damaged, holed and plugged, repaired, cleaned and retoned or otherwise abused. As further evidence of this, exactly two 1794 dollars have been verified for grade by CAC in all grades below VF-30: this coin, and a coin graded Fine-12. [As an aside, that PCGS Fine-12 CAC coin last sold in 2013, when it was auctioned for $170,375.]
This appears to be the Herbert M. Bergen specimen, which is found on page 142 of Martin Logies' excellent book, "The Flowing Hair Silver Dollars of 1794." It was called VF-25 in that book. The last (and only) auction record he has listed for the coin was as lot #1338 of Kreisberg & Cohen's auction of the Herbert M. Bergen collection in October of 1979.
For those among us who desire only the most wholesome of one of the most desired issues in American coinage (it is ranked 13th in the “100 Greatest US Coins” book), here is your opportunity. 239500 PCGS #6851