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1794 silver dollar sells for record $7.85 million
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<p>[QUOTE="illini420, post: 897819, member: 19423"]Remember guys... the grade of this coin is NOT MS66!!!!</p><p> </p><p>The correct grade given by PCGS is SP66!!!</p><p> </p><p>Big difference in the coin being called a "specimen" as part of the appeal of this particular 1794 Dollar is that it is unlike the other MS examples and was apparently specially made. Some argue it was a special presentation piece, some argue it was the very first Silver Dollar ever made.</p><p><br /></p><p>Here are some of the thoughts posted on the CU Forum by this special dollar's new owner:</p><p> </p><p>"<font face="Arial">Like many coin stories, much has been said about this coin, some true, some false, and some pure speculation, and it can be difficult to sort fact from fiction:</font></p><p><font face="Arial"><br /></font></p><p><font face="Arial">The coin is from the earliest known state of the dies, the only die state showing no die wear or damage....fact.</font></p><p><font face="Arial">The coin is currently the only known specimen in existence from the earliest die state....fact.</font></p><p><font face="Arial">The coin is in a superb state of preservation....fact.</font></p><p><font face="Arial">The coin does not possess the handling marks common to most 18th century coinage....fact.</font></p><p><font face="Arial">The coin does not possess the weakness of strike common to virtually all other 1794 dollars....fact.</font></p><p><font face="Arial">The coin possesses fully mirrored prooflike surfaces...fact.</font></p><p><font face="Arial">The coin possesses sharply squared off rims....fact.</font></p><p><font face="Arial">The coin possesses prooflike surfaces, free from handling marks, on the edges of the coin....fact.</font></p><p><font face="Arial">The coin was struck on a specially-prepared planchet....fact.</font></p><p><font face="Arial"><br /></font></p><p><font face="Arial">The coin was struck with a special purpose in mind....unproven, but circumstantial evidence suggests this likelihood.</font></p><p><font face="Arial">The coin was held in the U.S. Mint collection until sometime in the 1800s....undocumented speculation</font></p><p><font face="Arial">The coin was traded from the Mint collection to a private collector....undocumented speculation based on documented cases of such trades.</font></p><p><font face="Arial"><br /></font></p><p><font face="Arial">The truth is, there is no known documentary evidence of any coins being struck by the U.S. Mint in the late 18th century specifically for presentation purposes or specifically for collectors. However, it is self-evident from the coin itself that it was not a normal striking like so many other coins produced at the time. It is on that basis that PCGS certified it as a "Special Striking." It has not been labeled a proof, nor a "presentation piece," just labeled as a "special" strike. Anyone who disagrees with that assessment has not examined the coin closely outside its holder. "</font>[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 897819, member: 19423"]Remember guys... the grade of this coin is NOT MS66!!!! The correct grade given by PCGS is SP66!!! Big difference in the coin being called a "specimen" as part of the appeal of this particular 1794 Dollar is that it is unlike the other MS examples and was apparently specially made. Some argue it was a special presentation piece, some argue it was the very first Silver Dollar ever made. Here are some of the thoughts posted on the CU Forum by this special dollar's new owner: "[FONT=Arial]Like many coin stories, much has been said about this coin, some true, some false, and some pure speculation, and it can be difficult to sort fact from fiction: The coin is from the earliest known state of the dies, the only die state showing no die wear or damage....fact. The coin is currently the only known specimen in existence from the earliest die state....fact. The coin is in a superb state of preservation....fact. The coin does not possess the handling marks common to most 18th century coinage....fact. The coin does not possess the weakness of strike common to virtually all other 1794 dollars....fact. The coin possesses fully mirrored prooflike surfaces...fact. The coin possesses sharply squared off rims....fact. The coin possesses prooflike surfaces, free from handling marks, on the edges of the coin....fact. The coin was struck on a specially-prepared planchet....fact. The coin was struck with a special purpose in mind....unproven, but circumstantial evidence suggests this likelihood. The coin was held in the U.S. Mint collection until sometime in the 1800s....undocumented speculation The coin was traded from the Mint collection to a private collector....undocumented speculation based on documented cases of such trades. The truth is, there is no known documentary evidence of any coins being struck by the U.S. Mint in the late 18th century specifically for presentation purposes or specifically for collectors. However, it is self-evident from the coin itself that it was not a normal striking like so many other coins produced at the time. It is on that basis that PCGS certified it as a "Special Striking." It has not been labeled a proof, nor a "presentation piece," just labeled as a "special" strike. Anyone who disagrees with that assessment has not examined the coin closely outside its holder. "[/FONT][/QUOTE]
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1794 silver dollar sells for record $7.85 million
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