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Long Beach Signature US Coin Sale 1252  16-17 Feb 2017
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Lot 3810

Starting price: 1 USD
Price realized: 75 000 USD
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Early Dollars
1794 $1 B-1, BB-1, R.4 -- Rim Damage -- PCGS Genuine. VF Details. Regardless of the year or the state of the coin market, it is challenging to acquire a pleasing 1794 Flowing Hair dollar in any condition -- let alone one that is completely problem-free. The coin in this lot is not perfect, but it does possess a number of noteworthy and desirable features besides the incomparable 1794 date. Of obvious mention is the striking definition along the lower left obverse periphery, which is typically compromised by limitations of expertise and equipment at the early Mint in 1794. Stars 2, 3, and 4 are discernible, if not complete, but star 1 can be described as being mostly absent. All four digits in the date are partially (if not mostly) present, this despite notable softness of detail over the 1.
The reverse die was misaligned at the time of striking, with the resultant letters in STATES soft to the point of going missing at the tops of ATE. A tiny planchet flaw is noted at 7 o'clock at the dentils. All other design features are present, and there is satisfying bold definition in protected areas of the obverse portrait and reverse eagle. Both sides reveal only minor, scattered circulation marks, and none are particularly important given the amount of wear that this coin saw. Adjustment marks are noted at the base of the obverse under the date and to its left.
Most of the surfaces display attractive dove-gray coloration, although we do note a few areas of reddish color and brief iridescence around the peripheries. This last feature brings us to this coin's most significant rim characteristic: a small, semicircular piece of the planchet is missing at the top of the obverse, resembling a rim clip, but perhaps more accurately described as a planchet cut. It immediately pedigrees the piece as the Laurence H. Gardner specimen, who later bequeathed it to the Buffalo Historic Society where it resided for 60-odd years. We had the pleasure of selling this same coin as lot 822 of our April, 2006 Midwinter ANA Signature event. The piece is currently listed on page 134 of the definitive Martin A. Logies reference.
As an attractive, collector-grade survivor of America's first silver dollar and a fabled numismatic rarity with good overall definition, the coin represents a bidding opportunity that one should consider most carefully.
Ex: Samuel Hudson Chapman Collection, (Thomas L. Elder, 5/1929), lot 1266; Laurence H. Gardner; bequeathed to the Buffalo Historical Society upon his death in 1944; Buffalo and Erie County Historical Society Sale (Stack's, 3/2005), lot 69; Old Colony Collection (American Numismatic Rarities, 12/2005), lot 1185; ANA Midwinter Signature Sale (Heritage, 4/2006), lot 822.
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