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First Year U.S. Silver Dollar – 1794 Flowing Hair Dollar PCGS VF25
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The Philadelphia Mint struck silver dollars for the first time in 1794, with a small mintage of 1,758 pieces.
The silver bullion used to coin the 1794 dollars was provided by Mint Director David Rittenhouse, and he received the entire mintage of this date and distributed the coins through private channels.
The mintage was necessarily small because the largest coin press at the Mint was designed to strike half dollar-sized coins, and lacked the capacity to strike larger issues.
Reportedly, many examples of the initial mintage were judged too poorly struck to be released.
Those specimens were melted and restruck the following year, when a larger press was obtained.
Prominent collector and researcher Martin Logies has identified 134 distinct survivors from the small mintage in his exhaustive census in The Flowing
Hair Silver Dollars of 1794. Jack Collins, in his unpublished manuscript on 1794 dollars, wrote: "The owner of a 1794 dollar in any grade, no matter how low, possesses a precious historic relic: one of the first federal silver coins, made on the initial day of silver coinage, of the first federal design for circulation with eagle or stars; a coin made from David Rittenhouse's own bullion, and personally owned and given or traded by David Rittenhouse himself."
Listed at $220,000 in the PCGS price guide.
All items are shipped within 3 – 5 business days after receipt of payment unless otherwise stated at the time of purchase. Sets may require an additional 2 – 3 days for assembly and completion.We ship via US Postal Service: First Class Mail, Priority Mail and Express Mail services are available.
With the exception of Bullion Items, Eastern Numismatics offers a 30-day unconditional return guarantee covering our Numismatic and Collectible Items. Returned items must be received at ENI within 30-days of their delivery to the client for this guarantee to be in effect. Items must be sent to: ENI, 642 Franklin Avenue, Garden City NY 11530 Attn: Returns.
Let our four decades of honest service and industry networks work for you. Our efforts to improve product quality and service has led us to a diverse and exeptional numismatic inventory in order to meet the challenges of today’s rare coin market and the needs of our clients. We have been servicing investors and collectors since 1974 and are members of all major consumer and trade organizations, including the American Numismatic Association, the Better Business Bureau, the Professional Numismatists Guild. At Eastern Numismatics we are ready to work for you and help turn your rare coin investment into gold. Call today and speak with one of our qualified ENI coin consultants. They will help you select the best quality rare coins and precious metals for your hard earned money.
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