So this is a token and not a 1795 dollar?

pcgs69

Searching through eBay completed listings is this one. It was surprising that it straight graded, but it looks like it wasn't graded as a 1795 dollar, but as some kind of token? Not my coin and not affiliated with the transaction at all.

Davidk7

It is a counterstamp on a 1795 $1. It says it a little lower on the NGC insert.

DCW

Of course it is still a 1795 dollar. It's just counterstamped with a known variety in Brunk's book on the subject.

jayPem

As a Brunk listed counterstamped bust dollar, it's been labeled as such.
It's also obviously a 1795 DB$.
I'd buy this one if it turned up for resale!

TPRC

That is one cool piece!!!!

Sapyx

They have to mention the counterstamp prominently, because it is a catalogued counterstamp, If it was just some random letters stamped long ago by some random unidentified person, the coin wouldn't even be able to receive a straight grade due to "graffiti", so PCGS need to clearly explain why this coin was indeed given a straight grade. Classifying it as a catalogued counterstamped coin gives us that explanation.

To some collectors, the addition of a well-documented counterstamp adds interest and value. To others, counterstamping always mars a coin and detracts from the value, no matter who's done it or how well it's been documented. People who want to buy only perfect, unmarred coins would be unhappy buying this coin sight-unseen if it were slabbed simply as a 1795 dollar without mention of the counterstamp. Hence, it is de-facto a different class of object to an un-counterstamped coin, thus the need to clearly separate this coin from the "mainstream" 1795 dollars.