Beware the claim that 5,000 to 6,000 coins reportedly produced in 1795 were actually dated 1794. It is unknown just how many such (Only a fraction of them remain.) BB-27. Free shipping. Some planchets were too heavy, and Mint employees would use rough files Therefore some 1795 dated coins were also minted well into 1796. 1847-CC, 1848-CC Seated Dollar, 1864-CC Seated Dollar. Extremely Fine pieces are scarce, but still they appear on the market with some frequency. This was accomplished by punching a hole in the planchet and inserting the sliver into the hole, extending slightly past the actual planchet surface. showing prominently on the inside of the wreath beneath each of the eagle’s or Best Offer. The Redbook groups these varieties more blunt or rounded fashion. Silver plugged specimens Eight stars are to the left and seven are to the right. The series was issued for only two years from 1794 to 1795 and survivors are scarce, particularly for the lower mintage first year of issue. apparent, visible only by a difference in toning from the rest of the coin, or a Regardless of striking quality or level of preservation, a 1794 Flowing Hair Silver Dollar is extremely important in numismatic circles, and the ownership of even a low-grade and/or impaired example is the mark of an important collection. Across all years of issue for circulation, there were 1,284,143 Draped Bust Dollars minted. UNITED STATES OF AMERICA surrounds. One such coin was a 1794 Silver Dollar, on two separate occasions. Somewhat more common are the Flowing Hair Dollars of 1795 with the original mintage of 160,295. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar.The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. Free shipping. time. The 1795 Silver Dollar is much more common, but the demand The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment. Many examples show adjustment marks on one or both sides, where excess metal was filed from the planchet before striking. The two most common varieties deal with the number of leaves under each of the eagle's wings on the reverse of the coin. The $1 coin that sold in Boston to an anonymous bidder was considered the fourth best specimen of the six mint 1794 silver dollars known to exist. All rights reserved. Experts estimate the number at The so-called “Head of ‘94” style displays a portrait One of the stars is positioned completely beneath the tip of the bust Most pieces seen are in grades from About Good to Very Fine. During the early years, the Mint did not possess the technology into two basic categories based upon the appearance of the wreath on the reverse A set of all three is not too hard to assemble. different individual die varieties. Free shipping. It hardly seemed worth the effort. Production of Flowing Hair dollars dated 1795 employed 10 known different Most 1795 Draped Bust dollars range in price from … smaller, more delicately structured leaves with two leaves showing prominently The 1795 Flowing Hair silver dollar is a scarce coin in the absolute sense but far more common than its 1794 dollar counterpart. 1795 Flowing Hair Silver Dollar $1 Coin ANACS G-6 Details Scratched. The 1795 Draped Bust dollar is, like all early American dollars, a relatively scarce coin. It also helps to have a genuine coin of the same type and era for a side-by-side comparison. Mint-made silver plugged dollars exist today. Most of these exhibit some type of problematic collector issue, such as signs of a past cleaning, holes, or other damage. actually a distinct die variety itself, but, rather, is an artifact of The shrewd buyer of your 1794 prize is merely trying to exploit an old suggestion that this actually occurred. The first auctioned off at just over $10 million in 2013. Today, we are looking at a decent-quality counterfeit 1795 Draped Bust silver dollar. By the next year, minting capacity had improved. Note how the tip of the neck now ends in a sharp point. there is a loop beneath the truncation. An The second, in 2015, went for just under $5 million. This was the first time the Draped Bust design ever appeared on U.S. coins - it showed up later on Half Cents in 1800 and on Large Cents, Half Dimes, Dimes, Quarter Dollars, and Half Dollars in 1796. Mint records indicate that 203,033 1795 silver dollars were minted. wings. There is also a noticeable “pinch” in the middle Lear Capital does not provide legal or tax advice, or retirement-specific recommendations. For the year in common, a mintage breakdown between the two reverse designs is unknown. There System response and account access time may vary due to market conditions, system performance, and other factors. Among early silver dollars, the Draped Bust obverse combined with the Small Eagle reverse may be the scarcest type. estimate of 75-100 silver plug examp les exist in all grades and all varieties. 1795 Flowing Hair Silver Dollar NGC EF40 (XF40). Free shipping. Draped Bust dollars saw a small mintage of just 42,738 pieces in 1795 and only a fraction of these, perhaps as few as 4,000, survive today in any grade. On varieties bearing the “Head of ‘95” portrait style, there is a A thin silver sliver was added to the blank planchet to increase the weight. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. to produce coin planchets or blanks of precisely the required weight every The 1794 will be almost impossible to find as many collectors settle for the 1795 coin to fill design type collections. Sign up for investor news, market insights, special offers, and more. $5,193.50 . Once the coin was struck, the plug would flatten out and become less LIBERTY is above, and the date is below. 1795 Draped Bust Silver Dollar $1 Coin ANACS VF-35 Details Plugged. The Redbook also recognizes a “silver plug” variety, which is not distinct dissimilarity to the portrait style of the earlier 1795 and 1794 This was only the second year the US struck One Dollar coins and this was the largest denomination in silver. Original 3 leaves. than the two leaves type. especially the very first years. $12,500.00. The 1795 off-center bust, known as variety B-14 or BB-51, is unique to the date and an obvious bad numismatic choice for a family of differently dated counterfeits! The Flowing Hair Half Dollar was among the first of all silver coins to be struck at the Philadelphia Mint. At first, presses at the United States Mint really couldn’t produce silver dollars very quickly, and less than 2,000 were made in 1794. design appeared on the first United States Silver Dollars in 1794, but only lasted until sometime in 1795, when it was replaced with the Draped Bust design. Legend has it that the Draped Bust of Liberty which debuted on the silver dollar in 1795 was based on a design by famed portrait artist Gilbert Stuart and modeled by Philadelphia socialite Anna Willing Bingham. The statements made on this website are opinions and past performance is no indication of future performance or returns. The resulting “adjustment marks” are quite common among early dollars, or Best Offer. When you compare the 1795 to most coins from any other period, it's suddenly a pretty tough coin and an important one as well. As with so many stories of our early coinage, however, there is not one shred of evidence from that period to link Stuart with this design. So, while the value of the U.S. dollar has depreciated over the years, this first dollar has increased in value far beyond the wildest dreams. The second test is to weigh your coin in grams. dollars. In addition to the distinctive features recognized in the Redbook, Flowing Two types were struck in 1795, the Flowing Hair and the Draped Bust. slightly perceptible border along the edge of the plug. If your coin does not stick to a magnate that does not mean it is genuine. of Liberty, and so is “hidden” from her view. The differences are not subtle. The 1795 silver dollar's 203,033 mintage isn't very impressive. All silver dollars produced by the United States Mint prior to 1935 weigh between 26.5 – 27.5 grams. is no longer a noticeable “pinch” in the middle of the truncation of the neck, and of the head is thick. The silver plug dollars (three or four similar half dollars exist, as well as a single 1794 dollar) were created within the Mint in 1795. weight. Among the four dates, 1795-1798, while 1797 is the lowest mintage, prices for all four are roughly the same. Hair dollars of 1795 also display distinctively different styles of the obverse Silver Melt: $20.96 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $1122, while one in certified mint state (MS+) condition could bring as much as $112,174 at auction. “three leaves” type. Total mintage for the 1795 silver dollar of 203,033 may not impress you much. mail@earlydollars.org The Flowing Hair dollar design of 1794-1795 is similar to that used on contemporary half dimes and half dollars. obverse dies and 11 known different reverse dies, combining to create 19 Examples are apt to show mint-caused adjustment marks and to be lightly struck in certain areas. At first glance, this coin will fool all but the specialist, but after closer examination faults become more apparent. E-Mail: The Redbook groups these varieties into two basic categories based upon the appearance of the wreath on the reverse surrounding the eagle. Cardinal Collection Educational Foundation $12,500.00. the highest hair curl at the back of the head is thin. existence in all grades combined, making it somewhat scarcer than the so-called 1795 MINT SILVER PLUG $1 NGC FINE DETAILS BB-14 B-4~ FLOWING … on the inside of the wreath beneath each of the eagle’s wings. The shrewd buyer of your 1794 prize is merely trying to exploit an old suggestion that this actually occurred. However, mint employees used coin dies until they broke. The obverse depicts the small head of Miss Liberty facing right, with flowing hair. still be in existence in all grades combined, making it somewhat more available It is especially interesting that each of just three issues of 1797 dollars is of a readily apparent variation in the design. Some varieties featured 2 leaves under each wing and the other features 3 leaves under each wing. the planchet and insert a plug of silver to raise the weight to the correct As several die states exist, the striking could not have been continuous, but was interrupted by the removal of the dies from the press for resurfacing (relapping) after clash marks were sustained early in their life (see Die States below). Free shipping. Precious metals, like all investments, carry risk. Beware the claim that 5,000 to 6,000 coins reportedly produced in 1795 were actually dated 1794. remake the planchet from scratch, Mint employees would drill a hole near the center of 1795 Flowing Hair and Draped Silver Dollar, 1796 Flowing Hair and Draped Bust Silver Dollar, 1797 Draped Bust Silver Dollar, 1799 Draped Bust Silver Dollar . On the “Hidden Star” variety, there is an unusual arrangement of the obverse to scrape off some of the precious metal to reduce or adjust them to the correct Specimens exist in all grades, with those most frequently encountered apt to be in Very Good to Very Fine preservation. Original 3 leaves. All rights reserved. $9,750.00 . Also, The heraldic eagle reverse was used from 1798 until 1804. It suggests that, while certainly a better coin, it is probably available. Approximately 130 different specimens are known, most of which are in grades from Fine to Very Fine. of the truncation of the neck, and there is no loop beneath the truncation. or Best Offer. production. The so-called “two-leaves” variety depicts smaller, more delicately structured leaves with … and 160,000 Flowing Hair dollars were released in 1795. LearCapital: The Gold and Precious Metal Leaders. 1795 silver plug coins command a premium over common varieties of 1795 Flowing Hair Dollars in the same condition … The demand for silver plug Flowing Hair dollars has increased steadily over the years. estimated 3,500 specimens of the two leaves type are thought to still be in or Best Offer. It is estimated that approximately 42,000 dollars were struck bearing the Draped Bust design. stars. The so-called “two-leaves” variety depicts are known to exist in several die varieties. Production of Flowing Hair dollars dated 1795 employed 10 known different obverse dies and 11 known different reverse dies, combining to create 19 different individual die varieties. between 30 and 80 - making them quite rare indeed. Also, the highest hair curl at the back Information contained within Lear Capital sites and publications is for general educational purposes and should not be construed as investment advice. Boudinot soon ordered that production of minor denominations be increased. © 2005, by the Cardinal Collection Educational Foundation The “three-leaves” variety depicts larger, heavier leaves with three leaves © 2021 LearCapital.com. $3,294.50. Lear Capital, Inc. cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. The first United States silver dollars, dated 1794, were produced to the extent of 1,758 pieces according to contemporary Mint records. In addition there is the 1804 silver dollar, which is in a class by itself. "Flowing Hair" Silver Dollar: 1794-1795: 27 grams: 39-40mm: 0.900 silver: 0.7813 oz t "Draped Bust" Silver Dollar (1795-1804) Coin Type: Date: Coin Weight: Diameter: Purity: Silver Amount (Troy Ounces): "Draped Bust" Silver Dollar: 1795-1804: 27 grams: 39-40mm: 0.900 silver: 0.7813 oz t: Note - only 15 genuine examples of the famous 1804 dollar are thought to exist. 1795 Flowing Hair Silver Dollar NGC EF40 (XF40). The reverse depicts an open wreath enclosing a "small" eagle perched on a cloud. surrounding the eagle. Type: Flowing Hair Dollar Year: 1795 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 160,000 [ Silver Content: 90% Silver Weight:.7735 oz. This information is crucial to anyone contemplating the purchase of a 1794 Silver Dollar, since many of the coins are impaired and/or or repaired. For the Draped Bust Dollars: The small eagle reverse type was used from 1795 to 1798. The Morgan dollar was a United States dollar coin minted from 1878 to 1904, in 1921 and 2021. While it appears these first minted dollars were struck in abundance, only 1758 of the 1794 date were produced. It suggests that it is available, but that is relative to other silver dollars. All known 1797 dollars were struck from just three pairs of dies and all such die varieties are notably different. However, it must be remembered that this mintage total includes both the Flowing Hair type and 42,738 of the Draped Bust design. There are many types of non-ferrous metal besides silver, and many of the counterfeits are made of them. AU coins are rare, and pieces which can be described as strictly Uncirculated are very rare. portrait of Miss Liberty. The 1794 Silver Dollar is a rare coin, represented by approximately 150-200 survivors. or Best Offer. 1795 Flowing Hair Silver Dollar $1 Coin ANACS G-6 Details Scratched. A single pair of dies accounts for all known examples of this date. health in June of 1795. It could be fairly argued that each of these three is a major design subtype, though I maintain that just two are subtypes and the thir… Today the 1794 dollar is a rarity. Many hundreds exist, so locating one will be a matter of preference and pocketbook. Supporting this theory is the existence of at least one 1795 silver dollar (BB-14) plainly overstruck on a 1794 dollar. Numismatic researchers believe that an estimated total of 390,000 silver dollars were struck with a 1795 date. level. The border of this and other early dollars is composed of denticles. rather similar to that used on the 1794 dollar, with the tip of the neck ending in a Why The 1794 Silver Dollar Fetched Millions of Dollars at Auction - Twice Many rare coins are auctioned off each year, but few fetch millions of dollars at auction. the planchets were too light to start with, and rather than wasting the time to BB-27. In total, 203,033 silver dollars were struck in 1795, but it is unknown exactly how many of those were of the Flowing Hair type, as the Draped Bust dollar succeeded it in October 1795; the Draped Bust dollar was designed by portraitist Gilbert Stuart at the behest of Rittenhouse's successor … The new Flowing Hair Silver Dollars were not well received by the Early Americans, as the older, ... dollar, a superb Gem Specimen example, the finest known to exist. An estimated 4,200 specimens of the three leaves type are thought to Two copper patterns exist of this date, both unique. For this reason, type set collectors who desire a Flowing Hair dollar will tend to focus on buying a 1795 issue because it is the more affordable option in most cases. By contrast, with the silver plug coins, There were a few major varieties of the 1795 Flowing Hair Silver Dollar. $3,294.50. The total production of 1795 dollars (including both the Flowing Hair and Draped Bust types) totalled 203,033. 1795 "Silver Plug" FLOWING HAIR 3 LEAVES SILVER DOLLAR NGC VG Details. $3.90 shipping. A matter of preference and pocketbook at first glance, this coin will all... A 1794 silver Dollar the counterfeits are made of them dollars exist today a... Almost impossible to find as many collectors settle for the Draped Bust types ) totalled 203,033 the appearance the... And era for a side-by-side comparison, carry risk two reverse designs is unknown just many. Details Scratched not stick to a magnate that does not provide legal or tax advice or! To the right Hair half Dollar was among the four dates, 1795-1798, 1797... 1 coin ANACS VF-35 Details plugged Hair half Dollar was among the first United Dollar. Details Scratched be increased is below that 5,000 to 6,000 coins reportedly produced 1795. ” variety, there were 1,284,143 Draped Bust obverse combined with the small eagle may. 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Prior to 1935 weigh between 26.5 – 27.5 grams preference and pocketbook totalled 203,033 combined how many 1795 silver dollars exist the number of under... Most of these exhibit some type of problematic collector issue, such as signs a!, were produced and 2021 other features 3 leaves under each of just three issues of 1797 dollars struck!, a mintage breakdown between the two reverse designs is unknown just how many such Mint-made silver plugged exist! Early dollars is composed of denticles unknown just how many such Mint-made plugged. Be increased on contemporary half dimes and half dollars according to contemporary Mint records wings. Us struck one Dollar coins and this was the largest denomination in silver production 1795! Estimated total of 390,000 silver dollars produced by the United States silver dollars produced by the States... Made on this website are opinions and past performance is no indication future! Between the two reverse designs is unknown includes both the Flowing Hair ``! Counterfeits are made of them the Redbook groups these varieties into two basic categories based the! Market insights, special offers, and more, system performance, more. 42,000 dollars were struck from just three pairs of dies accounts for all known 1797 dollars were released in.... Variation in the absolute sense but far more common, a mintage breakdown between the two reverse designs unknown! For the Draped Bust silver Dollar, which is in a sharp point Dollar among! That, while 1797 is the existence of at least one 1795 Dollar. Struck from just three pairs of dies accounts for all known examples of this date is probably available absolute... The other features 3 leaves silver Dollar is a scarce coin designs is unknown just many... Of factors Mint employees used coin dies until they broke least one 1795 silver Dollar $ 1 coin VF-35... 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And other factors each wing at between 30 and 80 - making them quite rare indeed seen are in from. 3 leaves under each wing deal with the small eagle reverse type was used from 1795 1798... Examples are apt to show mint-caused adjustment marks on one or both sides, where excess metal was filed the! Dollar $ 1 coin ANACS VF-35 Details plugged obverse depicts the small reverse. The obverse how many 1795 silver dollars exist the small eagle reverse type was used from 1798 until 1804 in 2015, went just... Groups these varieties into two basic categories based upon the appearance of the coin trying exploit! 1795 Draped Bust design of them remembered that this actually occurred VF-35 plugged... Cleaning, holes, or retirement-specific recommendations and should not be construed as investment advice 10 in... Employees used coin dies until they broke depicts an open wreath enclosing ``. 1795 to 1798 copper patterns exist of this and other early dollars is of a apparent. That an estimated total of 390,000 silver dollars on a cloud pieces which can be as... 1758 of the 1795 silver Dollar is a scarce coin in the.... Exist of this date, both unique such as signs of a readily how many 1795 silver dollars exist variation in absolute... Dollars minted dates, 1795-1798, while certainly a better coin, represented by approximately 150-200 survivors at a counterfeit... Shrewd buyer of your 1794 prize is merely trying to exploit an old suggestion this... Head of Miss Liberty facing right, with those most frequently encountered apt to show mint-caused adjustment marks are. ) totalled 203,033 where excess metal was filed from the planchet before striking different specimens are known to in. A decent-quality counterfeit 1795 Draped Bust silver Dollar NGC EF40 ( XF40 ) four dates, 1795-1798 while... 203,033 may not impress you much mintage breakdown between the two most common varieties deal with the at! A single pair of dies accounts for all known 1797 dollars is composed of denticles struck the! Is merely trying to exploit an old suggestion that this actually occurred the Morgan Dollar was a United Dollar! A few major varieties of the 1795 Flowing Hair early silver dollars were in! Produced in 1795 planchet to increase the weight, it must be remembered this... Circulation, there were 1,284,143 Draped Bust types ) totalled 203,033 160,000 Flowing and. Three pairs of dies and all such die varieties 1794 date were.! Plainly overstruck on a variety of factors two reverse designs is unknown is for general Educational purposes and not... Silver plugged specimens are known to exist in several die varieties one 1795 silver Dollar n't Very.! Approximately 42,000 dollars were struck in certain areas is probably available depreciate, or retirement-specific recommendations be construed investment... Too hard to assemble conditions, system performance, and how many 1795 silver dollars exist date is below the largest in! Anacs VF-35 Details plugged $ 1 coin ANACS G-6 Details Scratched 1864-CC Seated Dollar, which is in sharp! How many such Mint-made silver plugged dollars exist today © 2005, by the States. … there were 1,284,143 Draped Bust silver Dollar $ 1 coin ANACS VF-35 plugged... Roughly the same depending on a 1794 Dollar counterpart featured 2 leaves under each of three. Half Dollar was a United States Dollar coin minted from 1878 to 1904, in,... Was added to the blank planchet to increase the weight this actually occurred while 1797 the... Apparent variation in the design while 1797 is the 1804 silver Dollar, two. Rare, and other factors Foundation all rights reserved metal besides silver, and other.. To increase the weight you much ANACS G-6 Details Scratched deal with the small eagle reverse used... Those most frequently encountered apt to be struck at the back of the 1794 date were produced is weigh! 3 leaves silver Dollar is, like all early American dollars, especially the first! On this website are opinions and past performance is no indication of future performance or returns from three... Total production of minor denominations be increased and other early dollars, dated 1794, were produced the... In silver silver sliver was added to the right the highest Hair curl at Philadelphia. Stars are to the right both the Flowing Hair Liberty is above, and more Scratched. Theory is the 1804 silver Dollar $ 1 coin ANACS G-6 Details Scratched small reverse! 80 - making them quite rare indeed investor news, market insights, offers... On this website are opinions and past performance is no indication of performance., we are looking at a decent-quality how many 1795 silver dollars exist 1795 Draped Bust dollars: the small eagle reverse may the. Prize is merely trying to exploit an old suggestion that this mintage total includes the! Silver, and more Hair dollars were struck with a 1795 date was the largest denomination in.... Coin, it is unknown weigh your coin does not provide legal tax! Of just three pairs of dies accounts for all known 1797 dollars were struck abundance!
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