Coin Specifications

Category: Early Dollars (1794-1804)
Mint: Philadelphia
Mintage: 42,738
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Silver
Fineness: 0.8920
Weight: 26.9600g
ASW: 0.7731oz
Melt Value: $13.59 (10/22/2019)
Diameter: 39-40mm
Edge: Lettered
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1795 DRAPED BUST $1 MS obverse 1795 DRAPED BUST $1 MS reverse
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Description & Analysis

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: 6/7/2019

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

1795 DRAPED BUST $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 2200 3150 4375 6250 11800 17800 18800 22400 41500 51000 66500 84500 135000 205000 475000 910000 - - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 437
Low Grade: PrAg
Average Grade: 40
High Grade: 66

The chart showing PrAg series, G series, 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: 10/22/2019 1795 DRAPED BUST $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base3518391475251262025163383683----436
---------------1------1
----------1----1------2
-----------------1----1
Total3518391475251262025173383884----440
 1 %1 %4 %9 %33 %12 %12 %6 %5 %6 %4 %1 %1 %2 %1 %2 %2 %1 %---- 
1795 DRAPED BUST $1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------1-----------1
---------------1------1
-----------------------
-----------------------
Total----------1----1------2
 ----------50 %----50 %------ 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/17/1997 PCGS XF 40   Teletrade Auction 0920, 920/Lot# 1473 $2,300.50
6/6/2005 NGC VF 20   David Lawrence Rare Coins Internet-Only Auction #41, 45/Lot# 586 $4,255.00
12/22/2013 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 12/22/2013, 106/Lot# 151859 $6,500.00
6/27/2014 PCGS VG 8   Stack's Bowers June 2014 Baltimore, 6021/Lot# 2012 $3,055.00
9/22/2014 PCGS XF 45   Goldberg September 22-25, 2013 September Pre Long Beach, 75/Lot# 1580 $11,500.00
2/6/2015 NGC VG 10   Stack's Bowers 2015 Americana Auction, 6070/Lot# 2196 $1,821.25
8/10/2016 NGC XF 40   Heritage Auctions 2016 August 10 - 14 ANA US Coins Signature Auction - Anaheim Session(4), 1238/Lot# 5042 $6,756.25
7/12/2018 PCGS XF 40   Heritage Auctions 2018 July 12 - 15 Summer FUN US Coins Signature Auction - Orlando Session(1), 1277/Lot# 3095 $7,200.00
9/5/2019 PCGS VF 25   Heritage Auctions 2019 September 5 - 8 Long Beach Expo US Coins Signature Auction - Long Beach Session(1), 1299/Lot# 3554 $3,840.00


NGC Registry

NGC Registry Score 1795 DRAPED $1 MS BUST
 PrAgGVGFVF4045505355586061626364656667686970
Base1668236826713406381749355563616964737198855996561037211197132811475119852234760000
1901246929163543419051445765627067157652892598951064711892137711645121060234760000
0000005765627067157652892598951064711892137711645121060234760000
00000059676372695681059290101331092212586142611815222268234760000
Registry Image Gallery
Grade: AU 53
Points: 6473
Owner: BillJones
 
Grade: VF 30
Points: 3984
Owner: GermanDave
 
View the Registry Image Gallery

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