Frankly I think that the 1794 dollar has become a bit overrated. Yes, it was the first U.S. dollar that was made by the U.S. Mint, (The Spanish made the first Dollars.) but there is an estimated population of 150 which makes the multi million dollar price tags for the finest known examples seem high. Of course this goes back to the modern trend where condition rarity is more important price wise than absolute rarity. It's a trend that got huge boost from the registry phenomenon.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
If money was no consideration, I'd rather have the finest known 1793 Chain AMERI. Cent than the finest known 1794 Dollar. That's just my opinion from the historical perspective.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@RainbowGrader said:
TDN & Cardinal, what do you rate this coin as a 64? Graded correctly? Eye appeal? Did it go for more or less than you expected?
I have not seen it recently. When I held it in hand, I loved it...but it was freshly dipped and since then the spots have returned some. Killer luster.
I correctly predicted the coin would sell between my two offers of $1.5M and $3M....but it sold higher in that range than I thought it would.
@BillJones said:
If money was no consideration, I'd rather have the finest known 1793 Chain AMERI. Cent than the finest known 1794 Dollar. That's just my opinion from the historical perspective.
to each his own, but i disagree. i think the $1 denomination is more symbolically historical than 1C.
In some circles....it is "assumed" that if it's CAC'd, it's probably in a PCGS holder.
Whether you approve of it or not, gold and silver coins tend to bring more than copper and nickel. And larger coins (like silver dollars and $20 Libs/Saints) tend to being more money than smaller coins. It's the way it is....and will continue to be. Size matters. Composition too.
Well IMO, the stupid prices that paintings go for is a better example of "not worth ...."
At least a Ferrari GTO can be driven! Just not by me
Paintings are unique and largely appeal to the masses. Coins, not so much.
I do agree the prices for paintings are on the insanity spectrum, but the über-rich have to do something with their money. You know, the money that supposedly "trickles down" to the middle class via Reaganomics.
-Brandon -~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~- My sets: [280+ horse coins] :: [France Sowers] :: [Colorful world copper] :: [Beautiful world coins] -~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-
It's always tempting for us to say things like, "I'd never spend that much on a coin!".
But what that usually means is, "I don't have that much money....".
I remember quite clearly when I started out collecting my thinking was, "I'll never spend more than 2 figures on a coin! $100 bucks? For a coin? I have more important things to spend that kind of money on!"
I still say something close to that....But now it's $1000. If I hit the lottery, I'll raise it to $10,000. When my IPO for a new and improved buggy whip goes sky high, I'll raise it to $100,000.
I guess it is all relative. I worked with an older collector in the 1970's who had stopped collecting completely. He thought the prices for coins had become ridiculous!
Who would pay over a nickel for an XF Indian cent or almost a dollar for a BU CWT? His father and my grandfather got part of their pay in silver dollars.
@Insider2 said:
I guess it is all relative. I worked with an older collector in the 1970's who had stopped collecting completely. He thought the prices for coins had become ridiculous!
Who would pay over a nickel for an XF Indian cent or almost a dollar for a BU CWT? His father and my grandfather got part of their pay in silver dollars.
I vaguely remember seeing a 1794 dollar on display at a show or club meeting in Scotia NY sometime in the late 1960s. It was out in the open, unprotected, no security, in a tray with other coins. I wonder where it is today? I wonder if it was one of the five mentioned in this thread? I wonder who owned it at the time? My memory of those days is a blur at best.
it's crackers to slip a rozzer the dropsy in snide
I have seen a fair number of 1794 dollars over the years at the shows. One New Hampshire dealer had one in the early 1980s at the Bay State shows in Boston before there were slabs. It had VF sharpness but it had some issues, and the asking price was $35,000, which was most have been too high because the coin didn't sell for years.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@Coinstartled said:
Robert Scot would have been thrilled to know that 223 years later his coins would have stickered.
I do not know if any person living in Philadelphia in 1794 could have comprehended the "values" of modern American/ Western European society. One may say that human nature doesn't change, but we live in a bizarre era and our forebears probably wouldn't readily recognize us.
@tradedollarnut said:
I've owned specimens of both and there's no contest which I'd rather have...the dollar.
You can cover the Flowing Hair, Small Eagle type with a 1795 dollar. The Chain Cent is a one year, actually one month, type, and the "AMERI" makes that piece unique. I had a very low grade example of that coin when I was young collector. It may have been through a fire, and definitely had some tooling. In some ways, I wish I still had it. The copper may have come from some of those old barrels or tongs that Dr. Sheldon mentioned in his book.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@LanceNewmanOCC It would sure be a nice courtesy to the reader if you'd immediately introduce your post on a resurrected thread with a warning that it has been resurrected. It would also be a nice gesture to state why you're doing so.
Thank you.
tradedollarnut
Posts: 20,147 ✭✭✭✭✭
Comments
That's a lot of jing right there. IMO, no coin is worth that much.
IMO, several 'boxes of twenty coins' are worth that much
What is the difference between 1/2 million and a two million dollars coin? Nothing! if one can afford it.
What was the pre-sale estimate?
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Did it have a sticker?
A very nice piece, and super "Newp" to the new owner!
It's hard to believe, but now 4 of the top five 1794 dollars have sold at auction since 2010
SP66 CAC $10M
MS66+ CAC $5M
MS64 CAC $2.8M
MS64 NGC $1.2M
AU58 CAC $0.9M
Very valuable coins!
None are PCGS!
Theoretically if it's CAC it shouldn't matter which TPG it is
Yes, that's the theory. Reality, however, is totally different
I should have written """theoretically"""
Whose on first?
Whose what?
No, Who's on first
TDN & Cardinal, what do you rate this coin as a 64? Graded correctly? Eye appeal? Did it go for more or less than you expected?
Robert Scot would have been thrilled to know that 223 years later his coins would have stickered.
Twenty million$$ wrapped up in five coins.... next step, put them all in one collection.... 'Calling Mr. Bezos....' Cheers, RickO
Frankly I think that the 1794 dollar has become a bit overrated. Yes, it was the first U.S. dollar that was made by the U.S. Mint, (The Spanish made the first Dollars.) but there is an estimated population of 150 which makes the multi million dollar price tags for the finest known examples seem high. Of course this goes back to the modern trend where condition rarity is more important price wise than absolute rarity. It's a trend that got huge boost from the registry phenomenon.
If money was no consideration, I'd rather have the finest known 1793 Chain AMERI. Cent than the finest known 1794 Dollar. That's just my opinion from the historical perspective.
I've owned specimens of both and there's no contest which I'd rather have...the dollar.
I have not seen it recently. When I held it in hand, I loved it...but it was freshly dipped and since then the spots have returned some. Killer luster.
I correctly predicted the coin would sell between my two offers of $1.5M and $3M....but it sold higher in that range than I thought it would.
@CommemKing said: "IMO, no coin is worth that much."
Well IMO, the stupid prices that paintings go for is a better example of "not worth ...."
At least a Ferrari GTO can be driven! Just not by me
MS64 NGC $1.2M
I guess Albanese wouldn't have bought that one.
Here's a warning parable for coin collectors...
And the most expensive car crash is a $28.5M Ferrari GTO. At least it's hard to crash / damage a slabbed coin!
to each his own, but i disagree. i think the $1 denomination is more symbolically historical than 1C.
In some circles....it is "assumed" that if it's CAC'd, it's probably in a PCGS holder.
Whether you approve of it or not, gold and silver coins tend to bring more than copper and nickel. And larger coins (like silver dollars and $20 Libs/Saints) tend to being more money than smaller coins. It's the way it is....and will continue to be. Size matters. Composition too.
Paintings are unique and largely appeal to the masses. Coins, not so much.
I do agree the prices for paintings are on the insanity spectrum, but the über-rich have to do something with their money. You know, the money that supposedly "trickles down" to the middle class via Reaganomics.
-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-
My sets: [280+ horse coins] :: [France Sowers] :: [Colorful world copper] :: [Beautiful world coins]
-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-
It's always tempting for us to say things like, "I'd never spend that much on a coin!".
But what that usually means is, "I don't have that much money....".
I remember quite clearly when I started out collecting my thinking was, "I'll never spend more than 2 figures on a coin! $100 bucks? For a coin? I have more important things to spend that kind of money on!"
I still say something close to that....But now it's $1000. If I hit the lottery, I'll raise it to $10,000. When my IPO for a new and improved buggy whip goes sky high, I'll raise it to $100,000.
You get the point.
"No coin is worth $2.8 MILL."
Find a way to legally sell me Judd-1776 for $2.8 MILL and I'll find a way to scrape together the money.
Actually, he did
A powerful hobby in any market. Wow.
I guess it is all relative. I worked with an older collector in the 1970's who had stopped collecting completely. He thought the prices for coins had become ridiculous!
Who would pay over a nickel for an XF Indian cent or almost a dollar for a BU CWT? His father and my grandfather got part of their pay in silver dollars.
In the old days you could buy a Saint for $20.
I vaguely remember seeing a 1794 dollar on display at a show or club meeting in Scotia NY sometime in the late 1960s. It was out in the open, unprotected, no security, in a tray with other coins. I wonder where it is today? I wonder if it was one of the five mentioned in this thread? I wonder who owned it at the time? My memory of those days is a blur at best.
it's crackers to slip a rozzer the dropsy in snide
I have seen a fair number of 1794 dollars over the years at the shows. One New Hampshire dealer had one in the early 1980s at the Bay State shows in Boston before there were slabs. It had VF sharpness but it had some issues, and the asking price was $35,000, which was most have been too high because the coin didn't sell for years.
I do not know if any person living in Philadelphia in 1794 could have comprehended the "values" of modern American/ Western European society. One may say that human nature doesn't change, but we live in a bizarre era and our forebears probably wouldn't readily recognize us.
This.
It's absolutely true in the world of rare guitars as well.
You can cover the Flowing Hair, Small Eagle type with a 1795 dollar. The Chain Cent is a one year, actually one month, type, and the "AMERI" makes that piece unique. I had a very low grade example of that coin when I was young collector. It may have been through a fire, and definitely had some tooling. In some ways, I wish I still had it. The copper may have come from some of those old barrels or tongs that Dr. Sheldon mentioned in his book.
Did the "buyer" buy it for stock? to add to the LEGEND collection? or on behalf of a client
Legend bought the coin on behalf of a client.
In Denver, I viewed the coin and thought it was very lovely. Congratulations to the winner. For me, its a dream coin.......
Impressive. Would that buy a swanky LA condo with good ocean view? Spend the change on stilt house w pool in the hills?
OLD THREAD
nor sold at heritage? and i mean no big boy 1794 $1. unless i am searching all the archives by highest price realized first improperly.
.
Congrats to the seller!!!!
The fictional batebaw pwayer named Who is on first base.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
No doubt congratulations were in order in 2017, when the coin sold.
@LanceNewmanOCC It would sure be a nice courtesy to the reader if you'd immediately introduce your post on a resurrected thread with a warning that it has been resurrected. It would also be a nice gesture to state why you're doing so.
Thank you.
This coin was bought for the Black cat collection. At the time I could not say that.
He is building one heck of a PCGS CAC Type set! Meow!
It was PCGS/CAC when it last sold:
https://auctions.stacksbowers.com/lots/view/3-7WJ3O/1794-flowing-hair-silver-dollar-bb-1-b-1-the-only-known-dies-rarity-4-ms-64-pcgs-cac