Lot 1591
1795 Flowing Hair Dollar. 2 leaves beneath each wing. NGC graded VF-35. Lightly toned on both sides.
Collectors of half dollars can be grateful that the Mint had no suitable press for silver dollars, for in the absence of dollar coinage from October 1794 through May 1795, deliveries of half dollars were frequent and massive. Depositors of silver bullion could not obtain silver dollars. Thus, they were given specimens of the largest silver denomination available, half dollars. Once silver dollar production resumed with vigor in May 1795, half dollar deliveries diminished. The last half dollar delivery of the year was on June 5, 1795, after which no half dollars were delivered until 1797 (in which year 1796 and 1797dated halves were paid out). On the other hand, if the Mint had not obtained a suitable silver dollar press until 1798, then today 1796 and 1797 halves would be common! It is interesting how a single event, such as the availability of a coin press, dramatically affected the production and relationship of silver dollar dies of 1795, the quantities of half dollars produced late 1795 through 1797, and other situations.
Estimated Value $6,500 - 7,500.
|
| |
| Realized $7,130 |
