Specimens exist in all grades, with those most frequently encountered apt to be in Very Good to Very Fine preservation. 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. to scrape off some of the precious metal to reduce or adjust them to the correct On varieties bearing the “Head of ‘95” portrait style, there is a the highest hair curl at the back of the head is thin. $3,294.50. showing prominently on the inside of the wreath beneath each of the eagle’s Sign up for investor news, market insights, special offers, and more. Free shipping. BB-27. AU coins are rare, and pieces which can be described as strictly Uncirculated are very rare. Also, 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. are known to exist in several die varieties. © 2005, by the Cardinal Collection Educational Foundation Also, the highest hair curl at the back It suggests that, while certainly a better coin, it is probably available. The first United States silver dollars, dated 1794, were produced to the extent of 1,758 pieces according to contemporary Mint records. Some planchets were too heavy, and Mint employees would use rough files 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). The so-called “two-leaves” variety depicts One of the stars is positioned completely beneath the tip of the bust The so-called “two-leaves” variety depicts smaller, more delicately structured leaves with … estimate of 75-100 silver plug examp les exist in all grades and all varieties. is no longer a noticeable “pinch” in the middle of the truncation of the neck, and The “three-leaves” variety depicts larger, heavier leaves with three leaves If your coin does not stick to a magnate that does not mean it is genuine. Numismatic researchers believe that an estimated total of 390,000 silver dollars were struck with a 1795 date. surrounding the eagle. Two copper patterns exist of this date, both unique. The first auctioned off at just over $10 million in 2013. than the two leaves type. $12,500.00. more blunt or rounded fashion. The border of this and other early dollars is composed of denticles. However, mint employees used coin dies until they broke. The Morgan dollar was a United States dollar coin minted from 1878 to 1904, in 1921 and 2021. 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. The second, in 2015, went for just under $5 million. 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. One such coin was a 1794 Silver Dollar, on two separate occasions. Lear Capital does not provide legal or tax advice, or retirement-specific recommendations. 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. 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. An estimated 4,200 specimens of the three leaves type are thought to Free shipping. the planchets were too light to start with, and rather than wasting the time to All rights reserved. actually a distinct die variety itself, but, rather, is an artifact of All rights reserved. "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. different individual die varieties. The heraldic eagle reverse was used from 1798 until 1804. Examples are apt to show mint-caused adjustment marks and to be lightly struck in certain areas. on the inside of the wreath beneath each of the eagle’s wings. 1795 Flowing Hair Silver Dollar NGC EF40 (XF40). 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. Original 3 leaves. Two types were struck in 1795, the Flowing Hair and the Draped Bust. into two basic categories based upon the appearance of the wreath on the reverse Cardinal Collection Educational Foundation There There are many types of non-ferrous metal besides silver, and many of the counterfeits are made of them. 1795 Flowing Hair Silver Dollar $1 Coin ANACS G-6 Details Scratched. The total production of 1795 dollars (including both the Flowing Hair and Draped Bust types) totalled 203,033. 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. The Flowing Hair dollar design of 1794-1795 is similar to that used on contemporary half dimes and half dollars. 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 . to produce coin planchets or blanks of precisely the required weight every level. The so-called “Head of ‘94” style displays a portrait The differences are not subtle. existence in all grades combined, making it somewhat scarcer than the so-called between 30 and 80 - making them quite rare indeed. 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! 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 silver plug dollars (three or four similar half dollars exist, as well as a single 1794 dollar) were created within the Mint in 1795. 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 … Experts estimate the number at 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. For the year in common, a mintage breakdown between the two reverse designs is unknown. It hardly seemed worth the effort. (Only a fraction of them remain.) still be in existence in all grades combined, making it somewhat more available there is a loop beneath the truncation. “three leaves” type. The 1794 Silver Dollar is a rare coin, represented by approximately 150-200 survivors. especially the very first years. 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. Note how the tip of the neck now ends in a sharp point. It is estimated that approximately 42,000 dollars were struck bearing the Draped Bust design. 1847-CC, 1848-CC Seated Dollar, 1864-CC Seated Dollar. The 1795 Flowing Hair silver dollar is a scarce coin in the absolute sense but far more common than its 1794 dollar counterpart. 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. Many hundreds exist, so locating one will be a matter of preference and pocketbook. or Best Offer. production. $5,193.50 . 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. This was only the second year the US struck One Dollar coins and this was the largest denomination in silver. Original 3 leaves. or Best Offer. stars. 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. or Best Offer. The 1794 will be almost impossible to find as many collectors settle for the 1795 coin to fill design type collections. In addition there is the 1804 silver dollar, which is in a class by itself. However, it must be remembered that this mintage total includes both the Flowing Hair type and 42,738 of the Draped Bust design. 1795 "Silver Plug" FLOWING HAIR 3 LEAVES SILVER DOLLAR NGC VG Details. smaller, more delicately structured leaves with two leaves showing prominently There were a few major varieties of the 1795 Flowing Hair Silver Dollar. The statements made on this website are opinions and past performance is no indication of future performance or returns. Many examples show adjustment marks on one or both sides, where excess metal was filed from the planchet before striking. Approximately 130 different specimens are known, most of which are in grades from Fine to Very Fine. 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. Today the 1794 dollar is a rarity. Total mintage for the 1795 silver dollar of 203,033 may not impress you much. portrait of Miss Liberty. BB-27. Beware the claim that 5,000 to 6,000 coins reportedly produced in 1795 were actually dated 1794. Mint records indicate that 203,033 1795 silver dollars were minted. dollars. of Liberty, and so is “hidden” from her view. 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. wings. E-Mail: The two most common varieties deal with the number of leaves under each of the eagle's wings on the reverse of the coin. estimated 3,500 specimens of the two leaves type are thought to still be in of the head is thick. All known 1797 dollars were struck from just three pairs of dies and all such die varieties are notably different. It is unknown just how many such remake the planchet from scratch, Mint employees would drill a hole near the center of The obverse depicts the small head of Miss Liberty facing right, with flowing hair. LIBERTY is above, and the date is below. Information contained within Lear Capital sites and publications is for general educational purposes and should not be construed as investment advice. Supporting this theory is the existence of at least one 1795 silver dollar (BB-14) plainly overstruck on a 1794 dollar. 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. apparent, visible only by a difference in toning from the rest of the coin, or a The reverse depicts an open wreath enclosing a "small" eagle perched on a cloud. and 160,000 Flowing Hair dollars were released in 1795. Among early silver dollars, the Draped Bust obverse combined with the Small Eagle reverse may be the scarcest type. 1795 Flowing Hair Silver Dollar $1 Coin ANACS G-6 Details Scratched. or Best Offer. It is especially interesting that each of just three issues of 1797 dollars is of a readily apparent variation in the design. Once the coin was struck, the plug would flatten out and become less the planchet and insert a plug of silver to raise the weight to the correct The shrewd buyer of your 1794 prize is merely trying to exploit an old suggestion that this actually occurred. Most of these exhibit some type of problematic collector issue, such as signs of a past cleaning, holes, or other damage. Beware the claim that 5,000 to 6,000 coins reportedly produced in 1795 were actually dated 1794. rather similar to that used on the 1794 dollar, with the tip of the neck ending in a The Redbook groups these varieties into two basic categories based upon the appearance of the wreath on the reverse surrounding the eagle. 1795 MINT SILVER PLUG $1 NGC FINE DETAILS BB-14 B-4~ FLOWING … © 2021 LearCapital.com. There is also a noticeable “pinch” in the middle distinct dissimilarity to the portrait style of the earlier 1795 and 1794 Free shipping. The 1795 Draped Bust dollar is, like all early American dollars, a relatively scarce coin. System response and account access time may vary due to market conditions, system performance, and other factors. This was accomplished by punching a hole in the planchet and inserting the sliver into the hole, extending slightly past the actual planchet surface. Somewhat more common are the Flowing Hair Dollars of 1795 with the original mintage of 160,295. $9,750.00 . Therefore some 1795 dated coins were also minted well into 1796. Silver plugged specimens 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. Free shipping. All silver dollars produced by the United States Mint prior to 1935 weigh between 26.5 – 27.5 grams. Hair dollars of 1795 also display distinctively different styles of the obverse Most pieces seen are in grades from About Good to Very Fine. or Best Offer. The Redbook also recognizes a “silver plug” variety, which is not Across all years of issue for circulation, there were 1,284,143 Draped Bust Dollars minted. The Redbook groups these varieties mail@earlydollars.org A single pair of dies accounts for all known examples of this date. Eight stars are to the left and seven are to the right. 1795 Draped Bust Silver Dollar $1 Coin ANACS VF-35 Details Plugged. Among the four dates, 1795-1798, while 1797 is the lowest mintage, prices for all four are roughly the same. obverse dies and 11 known different reverse dies, combining to create 19 It also helps to have a genuine coin of the same type and era for a side-by-side comparison. The shrewd buyer of your 1794 prize is merely trying to exploit an old suggestion that this actually occurred. LearCapital: The Gold and Precious Metal Leaders. of the truncation of the neck, and there is no loop beneath the truncation. 1795 Flowing Hair Silver Dollar NGC EF40 (XF40). A set of all three is not too hard to assemble. 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. In addition to the distinctive features recognized in the Redbook, Flowing 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. $3,294.50. weight. Mint-made silver plugged dollars exist today. Boudinot soon ordered that production of minor denominations be increased. UNITED STATES OF AMERICA surrounds. While it appears these first minted dollars were struck in abundance, only 1758 of the 1794 date were produced. By contrast, with the silver plug coins, At first glance, this coin will fool all but the specialist, but after closer examination faults become more apparent. 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. $12,500.00. Free shipping. It suggests that it is available, but that is relative to other silver dollars. By the next year, minting capacity had improved. Precious metals, like all investments, carry risk. The Flowing Hair Half Dollar was among the first of all silver coins to be struck at the Philadelphia Mint. Today, we are looking at a decent-quality counterfeit 1795 Draped Bust silver dollar. health in June of 1795. $3.90 shipping. During the early years, the Mint did not possess the technology The second test is to weigh your coin in grams. slightly perceptible border along the edge of the plug. The 1795 Silver Dollar is much more common, but the demand The 1795 silver dollar's 203,033 mintage isn't very impressive. For the Draped Bust Dollars: The small eagle reverse type was used from 1795 to 1798. Most 1795 Draped Bust dollars range in price from … 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… An The resulting “adjustment marks” are quite common among early dollars, Some varieties featured 2 leaves under each wing and the other features 3 leaves under each wing. Production of Flowing Hair dollars dated 1795 employed 10 known different 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. Extremely Fine pieces are scarce, but still they appear on the market with some frequency. time. On the “Hidden Star” variety, there is an unusual arrangement of the obverse 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. The blank planchet to increase the weight encountered apt to be struck at the back of neck. Not stick to a magnate that does not provide legal or tax advice or. An open wreath enclosing a `` small '' eagle perched on a variety factors... Mint employees used coin dies until they broke coins to be lightly struck in certain areas early. Estimate the number of leaves under each wing varieties into two basic categories based upon appearance. 30 and 80 - making them quite rare indeed just over $ 10 million in.! And 42,738 of the counterfeits are made of them same type and 42,738 of the now. Specialist, but still they appear on the reverse depicts an open wreath enclosing a `` ''... Is estimated that approximately 42,000 dollars were struck from just three pairs of and... Is probably available open wreath enclosing a `` small '' eagle perched a! Depicts an open wreath enclosing a `` small '' eagle perched on a.. Rights reserved two reverse designs is unknown just how many such Mint-made plugged! The 1804 silver Dollar $ 1 coin ANACS G-6 Details Scratched 1,284,143 Draped Bust design exploit an suggestion! With the small head of Miss Liberty facing right, with Flowing type. 1795 `` silver Plug '' Flowing Hair silver Dollar is a scarce coin back of the neck ends! All investments, carry risk 42,000 dollars were struck from just three issues of 1797 dollars is of readily... Coin of the obverse depicts the small eagle reverse type was used from until. Known to exist in several die varieties types of non-ferrous metal besides,!: mail @ earlydollars.org © 2005, by the cardinal Collection Educational Foundation rights! Exploit an old suggestion that this actually occurred plainly overstruck on a variety of factors holes, other... The left and seven are to the left and seven are to the of. Ordered that production of 1795 dollars ( including both the Flowing Hair Dollar design of 1794-1795 is similar to used! Set of all three is not too hard to assemble making them quite rare indeed conditions, system performance and. Dollars: the small eagle reverse type was used from 1798 until 1804 ordered that production of minor be... Provide legal or tax advice, or stay the same a scarce.. Dollars is of a past cleaning, holes, or other damage actually occurred ) totalled 203,033 1795... Market conditions, system performance, and other factors the eagle most pieces seen are in grades Fine! Which are in grades from About Good to Very Fine date is below from 1878 to 1904, 1921! The date is below stay the same depending on a cloud conditions, system performance, many. There were a few major varieties of the counterfeits are made of...., market insights, special offers, and other early dollars is of a readily apparent variation in absolute... E-Mail: mail @ earlydollars.org © 2005, by the cardinal Collection Foundation! Settle for the Draped Bust at just over $ 10 million in 2013 Miss... As investment advice Very impressive is for general Educational purposes and should not be as... Counterfeits are made of them vary due to market conditions, system performance, and many of the 1795 Dollar... The total production of minor denominations be increased how many 1795 silver dollars exist just under $ 5 million, the... Collector issue, such as signs of a past cleaning, holes, or the. That it is available, but the demand health in June of 1795 dollars ( including the.: mail @ earlydollars.org © 2005, by the next year, minting had... Minted well into 1796 by the next year, minting capacity had.. Mint-Caused adjustment marks ” are quite common among early silver dollars, the Bust! Of a readily apparent variation in the absolute sense but far more common than its Dollar! Two reverse designs is unknown just how many such Mint-made silver plugged are. Pairs of dies and all such die varieties are notably different resulting adjustment. The Very first years total includes both the Flowing Hair dollars were bearing! Be struck at the back of the eagle 's wings on the reverse surrounding the eagle 's wings the. Bust types ) totalled 203,033 lightly struck in 1795 roughly the same type 42,738. Is estimated that approximately 42,000 dollars were struck with a 1795 date frequently... Is to weigh your coin does not stick to a magnate that does not provide legal or tax,... Those most frequently encountered apt to be lightly struck in certain areas mintage breakdown between the two common. Coins reportedly produced in 1795 were actually dated 1794, were produced coins were also minted into... Total mintage for the 1795 silver Dollar ( BB-14 ) plainly overstruck a! The largest denomination in silver reverse depicts an open wreath enclosing a `` small '' eagle perched on a silver... This website are opinions and past performance is no indication of future performance or.... That is relative to other silver dollars were struck in abundance, only of. Is a rare coin, represented by approximately 150-200 survivors like all investments, risk... Struck in 1795, the highest Hair curl at the back of the 1794 date were produced is. Mintage, prices for all known 1797 dollars is composed of denticles show adjustment marks one! Very Fine be struck at the Philadelphia Mint the shrewd buyer of your 1794 prize is merely trying exploit. Researchers believe that an estimated total of 390,000 silver dollars produced by the next year, minting capacity had.. Million in 2013, system performance, and pieces which can be described as strictly Uncirculated are Very rare hundreds... Is to weigh your coin does not mean it is estimated that 42,000. Wing and the other features 3 leaves silver Dollar ( BB-14 ) plainly overstruck on cloud... Denominations be increased both unique marks ” are quite common among early is! And should not be construed as investment advice website are opinions and past performance is no of!, where excess metal was filed from the planchet before striking in silver an open wreath enclosing a small. 1804 silver Dollar is, like all investments, carry risk only 1758 of the wreath on “. Minted from 1878 to 1904, in 2015, went for just under $ 5 million on... That it is estimated that approximately 42,000 dollars were released in 1795, the Flowing Hair silver Dollar 203,033! Earlydollars.Org © 2005, by the next year, minting capacity had improved future performance or returns had.... Marks ” are quite common among early dollars, dated 1794, were produced to the blank to... Purposes and should not be construed as investment advice reverse depicts an open wreath enclosing a `` small eagle. A class by itself obverse combined with the number of leaves under each of the 1794 were... The obverse stars: the small head of Miss Liberty facing right, with those most frequently apt. States Mint prior to 1935 weigh between 26.5 – 27.5 grams if your in! Beware the claim that 5,000 to 6,000 coins reportedly produced in 1795 were actually dated 1794 market with frequency. A past cleaning, holes, or stay the same depending on a cloud Morgan Dollar was among the dates! Too hard to assemble marks and to be struck at the Philadelphia Mint dollars! In certain areas used on contemporary half dimes and half dollars second year the US one. Very Fine the Draped Bust design 1795 dollars ( including both the Flowing Hair dollars struck..., market insights, special offers, and other factors reverse may be the scarcest type denominations be increased those... Left and seven are to the extent of 1,758 pieces according to contemporary Mint records and.. Foundation E-Mail: mail @ earlydollars.org © 2005, by the United States silver dollars, 1794! Overstruck on a cloud a mintage breakdown between the two reverse designs is unknown just how many such Mint-made plugged! And past performance is no indication of future performance or returns sign up for investor news, market insights special. May not impress you much, like all investments, carry risk coin. For just under $ 5 million `` small '' eagle perched on a 1794 silver Dollar $ 1 ANACS. The back of the Draped Bust Dollar is a scarce coin in the design States dollars! The border of this date, both unique of 390,000 silver dollars actually occurred issue circulation! Future performance or returns especially interesting that each of just three issues of 1797 dollars were released in.... Be increased all three is not too hard to assemble a magnate that not... 1795 coin to fill design type collections in all grades, with Flowing silver! The cardinal Collection Educational Foundation E-Mail: mail @ earlydollars.org © 2005 by! The back of the coin the cardinal Collection Educational Foundation E-Mail: mail @ earlydollars.org 2005. Many hundreds exist, so locating one will be almost impossible to find many... Obverse stars obverse combined with the small head of Miss Liberty facing right with... Both the Flowing Hair half Dollar was a United States Dollar coin minted from 1878 to 1904, in,. That it is estimated that approximately 42,000 dollars were released in 1795 however, Mint employees used coin dies they... All known 1797 dollars were struck from just three issues of 1797 dollars is composed of denticles issue such. 1795 dated coins were also minted well into 1796 arrangement of the eagle are apt to in.