A Beatles Shea Stadium Poster Sets the World Auction Record for Any Original Concert Poster, RECORD! Establishing a mint was one element of nation-building. Known silver dollars dated 1794 are from a single pair of dies and are believed to have been made to the extent of, perhaps, 2,000 coins (Walter H. Breen's estimate), of which 1,758 pieces were considered to be satisfactory delivered by the coiner on October 15, 1794. $1,077.10 ($49.50) Palladium . (3) The dates that the metal composition changed for each U.S. coin denomination throughout the years. It didn’t have the scientific standards we have today. Designed by Robert Scot, the 1794 Flowing Hair dollar is the coin that began the American tradition of silver dollars, even though it was, in concept, based on other large-size silver coins from other world governments. Once the difficulty was solved, however, half dollars were struck at a heavy rate for several months. It’s still in his collection today. Collectors should be wary of any deals that seem too good to be true, and even when being offered a 1794 dollar that seems in line with pricing trends, buyers should still insist on buying the coin slabbed, not raw. Liberty Seated Dollars, Morgan Silver Dollars and Peace Dollars. The Flowing Hair silver dollar is a rare coin that marks the beginning of America’s official production of the dollar — which is our nation’s base unit of currency. It’s mirrorlike. Designer: Robert Scot. Was the winning bidder in the room? Click here to Learn How to use Coin Price Charts. The type collector desiring an example of the Flowing Hair style can be satisfied with a 1795-dated piece, of which at least several thousand exist in numismatic circles. The next realistic threshold will be $20 million. Both a rare NGC-certified 1894-S Barber dime and a 1794 Flowing Hair Dollar went for over $1 million each in the Dec. Stack's Bowers Auction. Gold. Also, click here to Learn About Grading Coins. What need did it meet? "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. It was a necessary coin for the economy, and for the needs of civic coinage. At least 75 in that book have passed through our doors–two-thirds of the known pieces traded through Stack’s Bowers or its predecessor. Back then, if it made an underweight silver dollar, it’d scrap it. The first silver dollars were minted in very small quantities. The PCGS CoinFacts site includes an estimate that one thousand 1797 ‘Ten by Six’ Dollars survive. An artist or a sculptor might put out a design for a coin. The low mintage marks an important historical lesson because these coins were even in high demand for the time. $1,860.90 ($63.70) Silver. Q. David Bowers, in his important treaties on silver dollars, does some rounding, but concludes that 1,431, 758 were minted with dates from 1794 through 1803. Although 2,000 pieces were originally produced, only 1,758 were released. In 30 years, it’s gone from $250,000 to $10 million. How to subscribe to The Hot Bid: Click the trio of dots at the upper right of this page. I don’t know when the $10,000 sale happened, but it wasn’t until the 1970s that one hit $100,000. Indeed, all 1794 dollars are very scarce, and perhaps less than 150 exist today. PCGS CoinFacts president Ron Guth explains how many 1794 Dollars exist today. Today, each die has a serial number and we record the number of strikes. The iterations don’t always survive in any form, never mind the coin. That’s where story and value meet. The Melt Value shown below is how Valuable the Coin's Metal is Worth (bare minimum value of coin). To have a 1794 silver dollar that’s so well-preserved and flaw-free relative to its peers… it’s a big deal. Here are three reasons why the 1794 Silver Dollar is so valuable. PCGS #: 6854. It was a tool for building our reputation? You activate the press and stamp the coin. Do any other 1794 silver dollars come close to this one? Exactly. Also, click here to Learn About Grading Coins. How many 1794 flowing hair silver dollars are known to exist? The first silver dollars were struck on October 15, 1794. If it goes away for 50 years, people might forget about it or think they aren’t able to own it. Among the first metal dollar coins that year was October 15th dollar coin to trade to get to 10! The near term or a sculptor might put out a design for a coin collector or buff! About it or think they aren ’ t always survive in any form, mind... 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