The 1794 Flowing Hair silver dollar is a highly valuable coin, considered one of the rarest in U.S. history.
Here’s a summary of its value:
- General value: Circulated 1794 Flowing Hair dollars are valued between $70,000 and $975,000.
- High-grade value: Coins in pristine, uncirculated condition can sell for as much as $7,000,000. The Greysheet catalog lists values up to $12,000,000.
- Record Sale: A particularly exceptional specimen, graded Specimen-66, sold for over $10,000,000 at auction in 2013, making it one of the most expensive coins ever sold.
Factors influencing the value of a 1794 dollar coin include:
- Rarity: Only 1,758 coins were minted in 1794, and fewer than 150 are believed to exist today. This limited mintage and survival rate significantly contribute to its value.
- Condition: As with any coin, the better the condition (grade), the higher its value. Uncirculated and high-grade specimens are particularly rare and command premium prices.
- Historical Significance: As the first silver dollar minted by the United States, it holds a special place in American history and numismatics.
- Authentication: Due to their immense value, it’s crucial to ensure that any 1794 dollar coin has been authenticated and graded by a reputable third-party service like PCGS or NGC.
Note: The melt value of the silver content in the coin is negligible compared to its numismatic value.
Why is the 1794 dollar so rare?
Limited Mintage
Only 1,758 coins were minted in 1794, making the Flowing Hair Silver Dollar one of the rarest coins in existence.
How to tell if 1794 silver dollar is real?
When you compare the fake to the images of a genuine 1794 Flowing Hair dollar, you can see the differences in the position of the lettering above Liberty’s head, the location and shape of the wreath leaves on the reverse, and the appearance of the four hair strands behind Liberty’s head.
How many 1794 flowing hair coins are there?
Mintage records indicate that 1,758 pieces were produced in 1794 and 160,295 in 1795, although it has been suggested that as many as 5,000 to 6,000 of the reported figure for 1795 could have been dated 1794. In any event, 1794 is a major rarity in all grades.