1794 Flowing Hair silver dollar that has been in the possession of a
family in England for several decades will be offered in a Jan. 27
auction in New York by Spink. The coin will appear in the firm's
Numismatic Collector's Series Sale.
coin is graded About Uncirculated 50 by Numismatic Guaranty Corp., and is stickered by
had the coin in its NGC holder displayed at its bourse table Oct. 30
to Nov. 1 at the Whitman Baltimore Expo.
Mitchell, a numismatist at Spink, said Nov. 3 that the coin currently
carries an estimate of between $300,000 and $500,000. That estimate
will likely be modified, he said, since the Matthew A. Stickney specimen of 1794 Flowing
Hair dollar, also certified NGC AU-50, CAC, will be offered by
Heritage Auctions Nov. 14 in Part V of selections from the Eric P. Newman Collection.
[estimate] is still very much subject to change as we conduct more
research and observe trends in this very small, upper echelon
market," Mitchell said.
information about the 1794 Flowing Hair dollar to be offered by Spink
and the consignor, "all we really know is that it was found
during a valuation day that our London office held in a town in the
South of England," Mitchell said Nov. 3. The valuation, or
appraisal event, was held June 13, Mitchell said.
family had no idea as to the value of the coin nor how the coin had
been acquired," Mitchell said. "They did know, however, that
it had been with them for at least the last 'several decades.' "
than 150 examples of the 1794 Flowing Hair dollar, the first silver
dollar series to be issued by the United States Mint, are known extant
from a purported mintage of 2,000 coin, of which 1,758 pieces were
delivered by the chief coiner. The entire mintage is from a single
pair of dies and is attributed as the Bowers-Borchardt 1 variety in
Silver Dollars & Treade Dollars of the United States: A
Complete Encyclopedia by Q. David Bowers, with Mark Borckardt.
finest known example, graded Specimen 66 by Professional Coin Grading
Service, is believed by some to be the first one of the series
struck. The coin set an auction record for a single U.S. coin when it
brought $10,016,875 in the Stack's Bowers Galleries Jan. 24, 2013, sale of
The Cardinal Collection.
more information about the Jan. 27 auction by Spink, visit the firm online.
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