A fascinating coin that dates back to 1794 was worth over $2,500,000 in the United States. PCGS claims this 1794 $1 (Regular Strike), which belongs to the series known as Flowing Hair Dollars 1794-1795 was auctioned at $2,820,000 in 2017.
Its designer was Robert Scot and the metal it contains is 90% silver and 10% copper. It was a very small mintage, 1,758, which is one thing that makes this coin so special and valuable.
How many $1 coins from 1794 have appeared?
According to the book by Martin A. Logies, which PCGS cites, he documented the appearances of more than 125 different 1794 Silver Dollars. These appearances showed that they had all the pertinent information like auction pedigrees.
Needless to say, this information is essential when a coin collector makes a purchase. Keep in mind that many of these dollars are not in good condition, since they may be either impaired or repaired.
What is more, 2 copper patterns exist nowadays. Of course, they are unique. Another silver dollar was worth a lot more, also from 1794. In this case, the sale took place in 2013.
1 silver dollar coin from 1794 sold for $10 million
Many experts believe that this was the first dollar minted in the United States, so here lies its historical importance in the numismatic world. The previous record had been established at 4.1 million dollars back in 1999.
This Flowing Hair silver coin sold in 2013 reached more than double the price of the dollar sold in 1999. That is what the auction house Stack’s Bowers Galleries said. Apparently, it was Legend Numismatics the specialized company in rare bucks that bought this silver dollar coin.
This company is from New Jersey and they may have even paid more money if it had been necessary due to the historical importance. What is more, they have no intention of selling this dollar in the near future. This coin is so special that not even museums have such a unique piece.