Coin Specifications

Category: Early Dollars (1794-1804)
Mint: Philadelphia
Mintage: 42,738
Catalog: KM-18
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Silver
Fineness: 0.8920
Weight: 26.9600g
ASW: 0.7731oz
Melt Value: $15.14 (8/22/2014)
Diameter: 39-40mm
Edge: HUNDRED CENTS ONE DOLLAR OR UNIT
Numismatic specification data provided by Krause Publications NumisMaster.
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1795 DRAPED BUST S$1 MS obverse 1795 DRAPED BUST S$1 MS reverse


  
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Description & Analysis

1795 $1 Draped Bust, Centered MS65 PCGS. B-15, BB-52. R.2. The Draped Bust, Small Eagle reverse dollars of 1795 come in two varieties. It is widely believed that the 1795 B-14, BB-51 dollar with Liberty placed too far to the left was struck prior to the slightly more aesthetically pleasing centered bust die.

In his November 1881 Type Table sale catalog, John W. Haseltine termed this obverse die, 'fillet head, well centered.' When Bolender published his book The United States Early Silver Dollars from 1794 to 1803 he called this die, 'fillet bust.' For more than 50 years many dealers and collectors referred to the 1795 Draped Bust, Small Eagle reverse dollars in this manner (the fillet meaning ribbon, and referring to the ribbon which is tied at the back of Liberty's hair). Both in the past and present, the 1795 Draped Bust, Centered dollar represents an important type coin for anyone interested in early United States silver dollars, 1794-1803.

The earliest dollars struck and dated 1795 are known by most collectors today as 'Flowing Hair Dollars.' The Flowing Hair design was eventually replaced by the Draped Bust, Small Eagle type. According to Walter Breen, 'This new design represented the fulfillment of a dream for the new Mint Director, Henry William DeSaussure. On his accession, he had named his two ambitions: to place gold coinage into circulation, and to improve the design of all denominations, particularly of silver coins. To this purpose, he engaged the illustrious portraitist Gilbert Stuart, who submitted a drawing of Mrs. William Bingham (the former Ann Willing) as Ms. Liberty.' Breen further notes that John Eckstein, an artist, translated this drawing into 'models' (perhaps in plaster as Bowers later noted) for Mint Engraver Robert Scot. Eckstein received $30.00 on September 9, 1795, for his two 'models.' Breen postulates that the second of these is likely to have been the small eagle on clouds.

Bowers noted in his Silver Dollars of the United States regarding the Draped Bust, Small Eagle dies, 'The obverse portrait punch is of high quality and is superbly engraved, with a wealth of minute detail. Whoever made it, Robert Scot or John Eckstein, was extremely skilled. The reverse punch of the Small Eagle on billowy clouds is likewise superbly done. The wreath is sophisticated as well. The left side of the wreath, with olive leaves, bears a stylistic resemblance to the Three Leaves wreath, as the individual leaf elements are similar in appearance, with raised or outlined edges.'

It is likely that the 1795 Draped Bust dollars were first struck in October 1795. The Draped Bust, Centered dollar is much rarer in Mint State than its counterpart with Liberty placed to the left. When his book was published in 1993, Bowers listed 20 'Notable Specimens' of 1795 B-14, BB-51, ranging in grade from MS63 to MS66. By contrast, only six specimens of 1795 B-15, BB-52 were included in grades ranging from MS63 to MS65. Only three of these six were graded MS64 or higher and only one of these reached an MS65 grade, the 'R. Tettenhorst Specimen. MS.65 PL' (which is likely the plate coin in the Bowers book, page 224).

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 6/19/2013

Click on a price to see historical prices, comparison charts and trends.

1795 DRAPED BUST S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 1440 2250 3880 5340 10310 10310 15630 17500 19380 28440 47450 55250 77350 133250 156000 403000 568750 - - - -
$ 11100 16900 18900 20900 30700 51000 60000 84000 144000 168000 440000 - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 410
Low Grade: PrAg
Average Grade: 40
High Grade: 67


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/9/1996 NGC VF 25   Teletrade Auction 0874, 874/Lot# 1638 $1,404.00
1/3/2006 NGC VF 30   Heritage Auctions 2006 January Orlando, FL (FUN) Signature Auction #394, 394/Lot# 4290 $3,593.75
2/12/2007 NGC XF 40   David Lawrence Rare Coins Internet Auction # 126, 131/Lot# 1046 $8,970.00
2/10/2008 PCGS VF 20   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 2847 $4,715.00
4/28/2010 PCGS XF 45   Heritage Auctions 2010 April-May Milwaukee, WI CSNS US Coin Auction #1139, 1139/Lot# 2146 $12,650.00
6/27/2014 PCGS   Stack's Bowers June 2014 Baltimore, 6021/Lot# 2012 $3,055.00
6/29/2014 PCGS AU 50   GreatCollections GreatCollections Coin Auctions 06/29/2014, 187/Lot# 186359 $14,750.00


NGC Registry

NGC Registry Score 1795 DRAPED BUST S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base820127113931949244835063868418750945577619065457198842894151164313606165531850534654489551
9701311157821152800362639744489525557816308676276088757101571229714588172032388839421489550
0000003974448952555781630867627608875710157122971458817203238883942100
0000004080479154165985642669808018908610900129511557017854292714418800
Registry Image Gallery
Grade: AU 55
Points: 5577
Owner: Durango Collection
 
Grade: AU 53
Points: 5094
Owner: BillJones
 
View the Registry Image Gallery

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