Lot 2747
1794 B-1, BB-1. Rarity 4. PCGS graded EF-40. Well struck for this famous issue with plenty of hair detail and a nice full date. Lightly toned. An excellent example of this rare date that boasts light antique silver-gray color and defect-free surfaces. The obligatory adjustment marks are randomly located about the upper and upper left reverse margin and are generally unobtrusive, with the heaviest over STA of STATES; none through the eagle or wreath, which is very positive. The surfaces show minor circulation hairlines, and both sides have a remarkable freedom from surface marks and certainly no rim bruises. For a 1794 dollar in EF40, this one is well struck, with all the stars visible, a complete date, and all of the reverse lettering is present, but weak due to the strike and the adjustment marks. Liberty's hair retains good separation on all but the uppermost wave over her ear, which shows the expected wear. Other identifying features are a small nick below the 4 in date. Very few graded at this level to date (see below).
The 1794 dollars were coined on October 15, 1794 from silver bullion deposited by David Rittenhouse, and all were coined on this date and delivered to David Rittenhouse (according to Breen and Collins in their 1794 silver dollar research). Thus, all 1794 silver dollars can trace their pedigree to David Rittenhouse, who passed them out to friends, many of whom kept them, others were spent and circulated.
The 1794 silver dollar is an American classic. It is the first year of issue of the national monetary Unit, and was struck in extremely limited quantities, with the total known population causing it to be a very expensive proposition for all but the wealthiest coin collectors. Only 1758 minted. Pop 10; 16 finer at PCGS.
Estimated Value $125,000 - 150,000.
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| Realized $172,500 |
