Also generating spirited bidding at the auction was the 1794 Flowing Hair Silver Dollar graded NGC MS 62 that realized $1,050,000. They go from a very reflective finish to a frosty and lustrous surface. Every Antiques Roadshow Appraiser Who Has Appeared on The Hot Bid–Updated for the Debut of the 2021 Season, The Ten Most Expensive Lots on The Hot Bid in 2020 (THB: Year in Review), The Ten Most Popular Stories on The Hot Bid in 2020 (THB: Year in Review), Every Lot Featured on The Hot Bid in 2020 That Went On to Set a World Auction Record (THB: Year in Review), Stack’s Bowers auctioned it in January 2013 for just over $10 million, news broke that the coin would go to auction, we didn’t publish an estimate on the coin, PGCS announced that Morelan will auction his collection, including the record-setting 1794 silver dollar, the first to cross the $10 million threshold at auction, RECORD! $25.60 ($1.76) Platinum. So issuing the 1794 flowing hair silver dollar was just as much about announcing America’s arrival as a country as creating money for its citizens to use? LAS VEGAS (AP) — A 1794 silver dollar believed to be among the first ever minted in the U.S., and the most valuable, went unsold during a public auction in Las Vegas. Were they melted down? I was super surprised. Legend Auctions chief executive Matthew Bell said offers for the coin dubbed the Flowing Hair Silver Dollar didn’t reach a minimum bid and Las Vegas resident Bruce Morelan retained ownership. What’s a pattern coin? Would you like to hire Sheila Gibson Stoodley for writing or editing work? Certified and graded. The U.S. Mint had only just begun striking official federal coinage in 1793 with the production of the copper half cent and large cent. We should pause and explain how coins are physically produced… Stamps that make money are called dies. The 1794 silver dollar is described as being “Specimen-66”, as graded by the Professional Coin Grading Service (PCGS). Why didn’t Stack’s Bowers sell this 1794 silver dollar as a single lot in a stand-alone auction? Was the winning bidder in the room? Certified and graded. What need did it meet? Open a free Account Sign In Sell Coins: List coins for sale Recently sold items on USA Coin Book Top Coin Dealers and Sellers. When did you know you had a new world auction record? The iterations don’t always survive in any form, never mind the coin. The 1794 Flowing Hair Dollar (Buy on eBay) holds an important place in history and numismatics. It’s in the same die state as this piece. I recall reading that a coin crossed the $1,000 auction threshold in the 19th century… It was huge. Approximately 2,000 coins were minted in 1794, making it one of the lowest mintage coins to ever exist. The lot notes say the coin shows “prooflike reflectivity in the fields”. 1794 Flowing Hair Silver Dollar (U.S.) Sold at auction: $10,016,875. LAS VEGAS (AP) — A 1794 silver dollar believed to be among the first ever minted in the U.S., and the most valuable, went unsold during a public auction in Las Vegas. A different Lady Liberty image was adopted for silver dollars beginning in 1795. On October 15, 1794, Chief Coiner Henry Voigt delivered 1,758 silver dollars to David Rittenhouse, representing the entire mintage for the year. It’s the product of money as a sovereign right. For Sale 0 Auctions 0 Wishlist 0 Collection 2. Of this number, […] Could you break that phrase down and explain it? We all knew the record for the 1933 double eagle. The Silver dollar added a perfect complement to other denominations circulating at the time. Nothing. SILVER PLUG - BEWARE OF TREATED OR DISCOLORED COINS. One of our domain experts will have a price to you within 24 business hours. Also, click here to Learn About Grading Coins. 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. Were they melted down? 0 items found. Brett Charville, president of Professional Coin Grading Service of Santa Ana, California, certifies Morelan’s coin is authentic. But we can say beyond a reasonable doubt it was among the first strikes, and among the first prepared. It’s much easier to hurt a larger coin. It’s believed that the Mint struck a total of 2,000 silver dollars in 1794, all from a single pair of dies. There’s a book documenting all known 1794 silver dollars. Not all cost $10 million. 9 years ago. The 1794 Flowing Hair Dollar (Buy on eBay) holds an important place in history and numismatics. The 1794 dollar saw the very smallest of all early dollar mintages, with just 1,758 pieces struck. 1795 - half eagle, first U.S. gold coin. It was a necessary coin for the economy, and for the needs of civic coinage. How to subscribe to The Hot Bid: Click the trio of dots at the upper right of this page. What would $1 in 1794 be worth in 2020 dollars? Buy and Sell on USA Coin Book. Why was the 1794 flowing hair silver dollar created? Could you talk about what that meant to the world of coin-collecting? 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. There is only one variety of die used for the 1794 dollar, and it was apparently retired that year. PCGS MS64. and 160,000 Flowing Hair dollars were released in 1795. How were they lost? Stack’s Bowers is on Twitter and Instagram. Opens in a new window Opens an external site Opens an external site in a new window. 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