Two (2) rare well circulated 1794 u.s. silver dollar coins

May 03, 2021. 04:12 UTC
Two (2) rare well circulated 1794 U.S. silver dollar coins
Kirk
United States of America

Acquired from
Other

For sale
Maybe
Description

ASBURY PARK, N.J. – A rare 1794 U.S. silver dollar, believed to be the first silver dollar minted by a newborn United States, is going up for sale by a New Jersey coin dealer. "This coin is the Holy Grail of all dollars," said Laura Sperber, president of Legend Numismatics in Middletown's Lincroft section. The sale, by Legend Auctions, will be Oct. 8 at The Venetian Hotel in Las Vegas and online. Bruce Morelan, a Las Vegas collector, purchased the coin, nicknamed the "Flowing Hair Silver Dollar," in 2013 for $10 million, the most ever paid for a rare coin. It features Lady Liberty ringed with stars on one side and an eagle on the other. “Of the 1,758 silver dollars the Mint delivered in October 1794, perhaps less than 130 are known to still survive, and this particular coin is the finest known,” said Brett Charville, president of Professional Coin Grading Service, a rare-coin authentication company, in a statement. "It is believed to the very first one struck," Sperber said. It is "extremely significant." It was presented to then-Secretary of State Edmund Jennings Randolph, who referred to it with a letter to President George Washington. This 1794 coin is believed by many experts to be the first silver dollar struck by the United States Mint. The early American dollar set a record as the world’s most valuable rare coin sold at auction when it was purchased for more than $10 million in 2013.

Provenance

These two coins were purchesed in the USA. If you need more photos I will return to the safety deposit box to take them.

Answered within about 6 hours
May 03, 10:04 UTC
By Delia
The specialist needs more information

Hi Kirk,

Thank you for contacting Mearto with your appraisal inquiry.
I'm confused - are either of these coins the SAME COINS referenced in your description or just comparable examples?
Thanks to confirm,

Delia

Kirk tillery May 04, 05:02 UTC

Delia:
Yes, these two coins are to different coins but they are the same type of coin that is referenced in the description.
Thanks
Kirk

Delia May 04, 10:19 UTC

Thanks, Kirk. I am familiar with all of the coins referenced in your description and the condition of those was considerably better / less worn than yours. The photos really need to be quite a bit clearer for the purposes of doing this appraisal; I hope that's possible.

Kirk tillery May 05, 18:38 UTC

Delia:
Please see additional clear photos per your request of the back and the front of these two coins. Thank You-Kirk

Delia May 06, 12:24 UTC

Good morning, Kirk,
I honestly can't tell from these photos (likely because the condition is so worn) that they are the 1794 "Flowing Hair" silver dollar; the ones you reference had much more well-defined details that I don't see in these photos. I would suggest getting them professionally graded as the values for 1794 coins can vary greatly based on wear. Grading would also certify/authenticate that these are, in fact, 1794 coins.

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