Coin Specifications

Category: Early Dollars (1794-1804)
Mint: Philadelphia
Mintage: 1,758
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Silver
Fineness: 0.8920
Weight: 26.9600g
ASW: 0.7731oz
Melt Value: $21.65 (6/14/2021)
Diameter: 39-40mm
Edge: Lettered
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1794 BB-1,B-1 $1 MS obverse 1794 BB-1,B-1 $1 MS reverse
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Description & Analysis

The coining of both gold and silver was delayed by the inability of the U. S. Mint's assayer and coiner to post the bonds required for the handling of precious metals. This problem ultimately was solved when two wealthy advocates of the Mint posted the requisite funds on behalf of the officers.

The first silver issues, aside from the brief production of half dismes in 1792, were the dollars coined in early October of 1794. Since the Philadelphia Mint's largest press was not suited for striking a coin of this size, the impressions were incomplete. This resulted in only 1,758 acceptable coins out of an estimated 2,000 struck. Even these pieces are characteristically weak at left on both sides, suggesting that the dies were not absolutely parallel to one another.

The coins deemed suitable for issue were delivered by the coiner to the treasurer on October 15, 1794. The remaining pieces, if of legal weight, were most likely retained for overstriking when a more powerful press became available. This did not happen until the following year, and at least one 1795-dated dollar (variety BB-14, B-4) retains signs of an underlying 1794 impression. Just a single die marriage is known for this brief issue, though alternative dies produced test pieces struck in copper.

Just a few examples were preserved of this historically significant issue, but most of the approximately 125 survivors are quite well worn and/or damaged. The finest 1794 silver dollar was coined on a planchet into which a silver plug had been inserted prior to striking. This oddity is seen on a number of 1795 dollars and a lesser quantity of 1795 halves, and it's assumed that this action was taken to correct an otherwise underweight planchet. No documentation has been found for such activity, so numismatists can merely speculate as to whether this or some other reason accounts for the mint-plugged coins.

GRADE SUMMARY

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Price Guide

Last Updated: 12/22/2020

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

1794 $1 BB-1,B-1 MS
  GVGFVFXF5053555860616263646566
Base $ 78000 110000 145000 175000 370000 590000 620000 650000 900000 1000000 1100000 1350000 1750000 2800000 3650000 -
$ - - - - 940000 - - 1400000 - - - 6500000

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 36
Low Grade: VG
Average Grade: 45
High Grade: 66

The chart showing VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series.
NGC CENSUS DETAIL Last Updated: 6/8/2021 1794 $1 BB-1,B-1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base--259821-12121-1-1----36
-----------------------
-----------------------
-----------------------
Total--259821-12121-1-1----36
 --6%14%25%22%6%3%-3%6%3%6%3%-3%-3%---- 

NGC Registry

NGC Registry Score 1794 $1 BB-1,B-1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base864411197125711360614880184301953721098213552160423476245702522926134286293069434689359460000
949511655129161403116063187992005721184214382222823841247902553126966293173202635108359460000
0000002005721184214382222823841247902553126966293173202635108359460000
0000002057821269215212285224205250092583227797300063335735527359460000
Registry Image Gallery
Grade: GENUINE
Points: 4322
Owner: cbtazman
 
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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.