Heritage’s U.S. coin auctions at the
Numismatists show in Orlando took place between Jan. 7 and
12. With more than 8,000 lots totaling in excess of $70 million
crossing hands, the vast scope of these sales meant that many series
were presented in depth.
For example, more than 120 early dollars of the Flowing Hair (1794
to 1795) and Draped Bust (1795 to 1804) types were offered. Although
no 1804 Draped Bust dollar was in the mix, many early silver dollars
were sold at affordable price points, even though the concept of
affordability is all relative.
Here is one of three Coin World is profiling:
1795 Flowing hair dollar, Very
Good Details, Holed and Plugged
The price: $1,410
The story: An entry-level 1795 Flowing Hair dollar can be found
in this example graded Genuine, Very Good Details, Holed and Plugged
by Professional Coin
Grading Service. The quality of the plug, which appears to be
near the 7 in the date, is well-executed.
Among the various types of damage, holed and repaired coins are
considered severely damaged, with a hole in the date or other prime
focal area being especially problematic.
This example provided an unusual opportunity for a collector to
obtain a representative of this impressive early type coin (produced
for just two years) for less than $1,500 with solid details.
A search through the dozen, or so, holed or plugged 1795 silver
dollars that have passed through Heritage over the past few years
confirms that this example is one of the more attractive survivors,
even if it has its share of problems.
Keep reading this Market Analysis series:
Despite tooling, 1794 Flowing Hair dollar, a
legendary U.S. rarity, sells for $64,625 at FUN show
Least expensive early U.S. dollar sold at FUN
auctions damaged but handsome