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ANA Signature US Coin Sale 1258  2-6 Aug 2017
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Lot 4012

Starting price: 1 USD
Price realized: 14 500 USD
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Early Dollars
1795 $1 Flowing Hair, Three Leaves, Silver Plug, B-7, BB-18, R.3, VF30 PCGS. Bowers Die State I. PCGS reports 85 1795 Flowing Hair dollars with silver plugs, all varieties included. Seven of those coins are attributed as BB-18, of which the present coin is one (6/17). Other BB-18 silver plug dollars may exist that are unattributed by die variety. Dave Bowers' Encyclopedia of United States Silver Dollars, 1794-1804, lists five die varieties known with silver plugs. PCGS adds a sixth, BB-27. Regardless of variety, most silver plug coins are in middle or low circulated grades. This high-end VF example prominently shows the silver plug on the the reverse and faintly on the obverse. Although the strike is sharp, there are numerous planchet adjustment marks on the obverse. If the theory is correct that silver plugs were used to add weight to an underweight planchet, than this coin's planchet must have originally been overweight, was filed by a Mint worker a little too much, and then had a plug added to offset the excessive file adjustment. The coin is satiny and well-detailed with champagne-tinted gunmetal-gray color.

HID02901242017
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