1st US silver dollar story
ElectricEye
Posts: 2,354
0
ElectricEye
Posts: 2,354
ElectricEye
Posts: 2,354
Comments
Even though this is the 5th thread on the subject, yours was first for today
My posts viewed
since 8/1/6
I just never seen that before....
<< <i>Even though this is the 5th thread on the subject, yours was first for today >>
This one has higher res. pics
<< <i>Is that pre-MS? >>
SP=Specimen
PCGS SP66
Follow this thread to the other thread which references the other thread
My posts viewed
since 8/1/6
<< <i>Ok, educate me...what is, was, the "silver plug" designator? >>
The original planchet was underweight. So in order to bring it up to legal weight a hole was made in the center of the coin and a plug of silver that was slightly thicker than the planchet was inserted to make it the correct weight. (Actually it was slightly overwight so after the plug was inserted the weight was then reduced by using a file on the planchet resulting in adjustment marks on the final coin.) When the coin was struck the plug expands, locking it into the planchet, and the aditional thickness causes it to spread slightly over the surface of the planchet like a rivet. The expansion and rivet action locks the plug into the coin and keeps it from falling out. This coin is the only example of an officially plugged 1794 dollar. There are several plugged 1795 dollars and 1795 half dollars known.
<< <i>
<< <i>Ok, educate me...what is, was, the "silver plug" designator? >>
The original planchet was underweight. So in order to bring it up to legal weight a hole was made in the center of the coin and a plug of silver that was slightly thicker than the planchet was inserted to make it the correct weight. (Actually it was slightly overwight so after the plug was inserted the weight was then reduced by using a file on the planchet resulting in adjustment marks on the final coin.) When the coin was struck the plug expands, locking it into the planchet, and the aditional thickness causes it to spread slightly over the surface of the planchet like a rivet. The expansion and rivet action locks the plug into the coin and keeps it from falling out. This coin is the only example of an officially plugged 1794 dollar. There are several plugged 1795 dollars and 1795 half dollars known. >>
Thanks! I had always wondered about how the plug was "attached" to the rest of the coin.
The PCGS { PROPHETS } have helped an old BUDDY { PROFIT } on a coin worth maybe 3 to 4 million to what Contursi himself says, is now worth at least 10 million.
PROPHETS=PROFIT
HYPE =MONEY
Here is the true story of the 1794 dollar;
MY great, great, great grandfather, John Taylor, was a friend of Thomas Jefferson. I have original letters sent from Thomas Jefferson to John Taylor, who was a farmer. In one of the letters I possess, dated, February 28, 1795, Thomas Jefferson thanks John Taylor for his farming help through the years and encloses a "special silver dollar " as a momento, with detailed instuctions " to not use it for barter ". From these facts I surmise that I may possess the first silver dollar ever struck. My silver dollar is in very fine condition, and does not have a plug. It has been handled by almost every person in my family for the past two hundred years, and we will keep it in the family, in its present state. I " surmise " that I may have the first silver dollar struck, but do not plan to capitalize on that, as I consider it to be a " National Treasure ".
I plan on exhibiting my 1794 silver dollar in it's custom wooden case and the letter verifying that it was a present from Thomas Jefferson, at the ANA, this Summer. I also have an affidavit from Dionne Warwick claiming that it is without doubt, the first struck, silver dollar.
Paul Taylor
Thanks for the post,VERY intresting.
Al
Thats the fun things about coins....you just never know what you're gonna learn next.