Off the market for nearly 40 years, a 1794 Flowing Hair dollar graded
About Uncirculated 58+ by Professional Coin Grading Service with a
green Certified Acceptance Corp. sticker was a top lot at Stack’s
Bowers Galleries Baltimore Expo auctions, realizing $910,625. It came
from the Blue Moon Collection, which was especially strong in 19th and
early 20th century Proof type coins and silver dollars, including an
impressive group of Gobrecht dollars. While the Baltimore headlines
were dominated by the final installment of the D. Brent Pogue
Collection auctions, here are three more lots that represent the
diversity and quality seen in the March 29 to 31 floor session
auctions at the Baltimore Expo.
Below is the third of three lots we profile from the Blue Moon Collection:
1793 Flowing Hair, Chain cent, Very Fine Details, Scratch
1793 Flowing Hair, Chain cents are tricky coins because they were
often struck on less-than-perfect planchets.
Raised lines spark collector interest: Inside
Raised lines and die gouges can create curious effects on coins.
This week's Inside Coin World has plenty on the topic.
This example with Very Fine Details has a few issues. First, it has
two parallel planchet flaws that run diagonally across the obverse
from 3 to 6 o’clock. It also has a major die break that starts in the
center and extends toward to the rim, running from the I in LIBERTY
through the point of the bust of Liberty, which helps identify it as a
Sheldon 4 variety. Both of these flaws are “as struck” — meaning that
they were there when the coin was struck (though the planchet flaws
may have become more pronounced over time, since copper is a reactive metal).
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The scratches came later and this large cent has several obverse
scratches, especially in front of Liberty’s face.
For those willing to compromise, it offered strong detail, and as
the description suggested, “You would be hard-pressed to find another
cent that offers this much eye appeal for anywhere close to this price
point,” concluding it is “perfect for a value conscious collector.” It
sold for $8,225 where a “problem-free” example might bring $30,000.
See more coins from the Blue Moon Collection
‘unicorn of sorts’ Indian Head $5 half eagle sold for nearly a
quarter of a million dollars:
Pogue sale aside, the Stack's Bowers Galleries Baltimore Expo is no
stranger to a variety of rare coins. This 'unicorn' Indian Head $5
is a great example.