Heritage’s U.S. coin
auctions at the Florida United 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.
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.
is one of three Coin World is profiling:
The coin: 1794 Flowing Hair dollar, Very Fine Details, Tooled
The price: $64,625
The story: The 1794 Flowing Hair dollar is a legendary U.S.
rarity and while approximately 2,000 examples were struck, just 1,758
examples were issued, and that lower number is the recorded mintage.
Of those, around 125 to 150 examples remain today, and the 1794
Flowing Hair dollar is prized as the first silver dollar issued by the
demand for and rarity of this issue place huge price pressure on the
small supply. A different example, considered the finest known, sold
for more than $10 million at auction in 2013.
present example graded Very Fine Details by Professional Coin Grading
Service is more affordable, with an old cleaning and some evidence
of tooling on the left obverse. The description calls it a
“still-attractive representative of this rare and historic issue.”
sold for what may be considered a reasonable $64,625. A different
example, graded PCGS VF-30 brought $188,000 at Heritage’s Aug. 7,
Numismatic Association auction.
Keep reading this Market Analysis series:
Least expensive early U.S. dollar sold at FUN
auctions damaged but handsome
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