What happened to the silver dollars?

topstuf

The ones with the draped bust and small eagle? I find 1795 FLOWING HAIR specimens all over (well, not quite) and heraldic eagles, too.

But mid-grade 1795-1798 small eagles? Where?

Seems they are all either holed slicks or XF-AU.

Anyone know an answer? Doesn't make sense that the befores and afters should exist in Fine and Very Fine, but not the middle years.

Most profess to LIKE the big bird coins better for esthetics and the flowing hair.....well...it just IS.
but......

?????????

nwcs

A couple were sold in the last Heritage auction in Charlotte. And one 1794 that had not been on the market for a very long time. Here are some realized prices:

6134 36,800.00 1794 S$1 Fine 15 PCGS. B-1, BB-1.
6135 12,075.00 1795 S$1 Flowing Hair, Three Leaves AU55 PCGS.
6136 3,910.00 1795 S$1 Flowing Hair, Two Leaves VF20 NGC. B-1
6137 1,495.00 1798 S$1 Large Eagle--Graffiti--ANACS. XF Detail
l6138 2,702.50 1799 S$1 VF30 ANACS. B-13, BB-151, R.5.
6139 1,955.00 1799 S$1 XF45 Questionable Toning Uncertified.
6140 920.00 1801 S$1 --Graffiti--ANACS. VF Details, Net Fine
6141 1,207.50 1801 S$1 --Reverse Rim Damaged--ANACS. VF Detail
6142 1,840.00 1803 S$1 Large 3 VF25 NGC. B-6, BB-255.

baccaruda

you've pointed out a good way to tell if a coin is under/overvalued. of course the mid-grade coins are there, just not being offered. that's a good hint that collectors feel those are a good value compared to what they could sell them for.

on the flip-side, look at the amount of PCGS 69 coins being offered. EBAY is flooded with them. Collectors feel the money they'll bring is worth more than the coin.

topstuf

nwcs.....see?

That's what I mean. Not ONE draped/sm eagle in the batch.

baccaruda.......My plans are to dump all my bust and seated dollars and "invest" in MS69 and 70 modern proofs. I like ......RARE.....stuff.

bwahahahahaha

baccaruda

careful not to start a war here, i was just making an example.

topstuf

Whoops. My age should allow me some senility.

My experience is from years of reading everything on coins and one that I never forgot:

Wish I could remember whom to credit for the advice. It was:

"Never buy any coin less than 10 years old."

And from what I learned over the years..........Trust a market that has earned trust.

Buy what you like, but look out for fads and promos.