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Silver Dollars

1795 2 Leaves Early $1 PCGS F12 CAC
Please call: 1-941-291-2156
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1795 Early S$1 2 Leaves
PCGS F12 CAC
Coin ID: RC32574
Inquire Price: 5,200.00 - SOLD - 11/01/2011*
Free Shipping and Insurance for coins at $10K or above.

1795 Early S$1 (1795 Early Silver Dollar) 2 Leaves, PCGS F12 CAC. This Flowing Hair 1795 Silver Dollar is a premium quality coin for the grade, which is confirmed by CAC. The criteria for a Fine coin of this type indicate that the top of the hair above the forehead will be outlined but worn smooth. On this specimen, Libertys hair at the top of her head is worn, but visible, more in keeping with a higher grade. Aside for some obverse adjustment marks, which are not considered when grading the coin, the fields are clean and free of distractions. Considering that weakness is usually seen in some areas of dollars of this type, this coin has good details for the grade. The devices are toned but lighter than the fields which get darker towards the rims.

Chief Engraver Robert Scot designed the Flowing Hair silver dollar. It was issued from 1794 to 1795. It showed a portrait of Liberty facing right with her hair loosely tied behind her head. Above her head is the word LIBERTY, and the date is below. There are fifteen stars in accord with the number of states that made up the Union in 1794, eight to the left and seven to the right. The reverse, which is similar to the Flowing Hair Half Dime and Half Dollar, shows a perched eagle with wings spread looking to the right. A wreath tied with a bow encircles the eagle. The legend UNITED STATES OF AMERICA is in an arc around the eagle. Except for its edge lettering, the coin has no denomination-- something that might appear as a sign of ineptitude on the part of early Mint employees to someone familiar with United States coinage of the 21st century. The omission was intentional, however, as United States coinage was new to the world market of the 18th century and the term Dollar would have been unfamiliar to merchants of the day. Like European coinage of the time, silver and gold pieces were valued by their weight and fineness so the denomination was largely irrelevant.

Prior to the issuance of silver coinage, only copper coins were made because neither Chief Coiner Henry Voigt nor Assayer Albion Cox could post the bond required to be responsible for gold and silver. Thomas Jefferson recommended to President Washington that this bond requirement be reduced. Washington agreed, and in 1794 Scot was able to produce a die for the cent, half dollar, and the dollar coins. Since there was no standardized hubbing, individual punches were used for numbers, letters, the stars, and leaf punches creating varieties such as 2 and 3 Leaves. The edge was lettered HUNDRED CENTS ONE DOLLAR OR UNIT with decorative designs in between the words.

In its population report as of August, 2011, CAC shows 3 1795 dollars that have 2 Leaves confirmed in Fine 12 with 47 better.


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