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: $13.63 (10/26/2016)
Diameter: 39-40mm
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

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.


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Price Guide

Last Updated: 10/24/2016

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

Base $ 1850 2350 3900 5000 9000 15500 17500 23000 36500 51000 62500 78000 130000 180000 475000 850000 - - - -
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Total Graded: 419
Low Grade: PrAg
Average Grade: 40
High Grade: 67

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
2/17/1997 PCGS XF 40   Teletrade Auction 0920, 920/Lot# 1473 $2,300.50
9/19/2005 PCGS AU 58   Goldberg September 19-21, 2005 Pre-Long Beach Coin and Currency Auction, 32/Lot# 1799 $24,150.00
2/5/2006 PCGS XF 40   Goldberg February 5-8, 2006 Pre-Long Beach Coin and Currency Auction, 34/Lot# 1611 $7,475.00
3/10/2008 NGC VF 35   David Lawrence Rare Coins Monday - Internet Auction # 228, 234/Lot# 1144 $6,152.50
4/16/2008 NGC MS 61   Heritage Auctions 2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104, 1104/Lot# 2007 $37,375.00
8/15/2011 NGC VF 20   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 3003 $2,541.50
8/8/2013 NGC VF 25   Heritage Auctions 2013 August 8 - 10 US Coins Signature Auction - Rosemont Session(2), 1188/Lot# 4168 $5,434.38
3/23/2014 PCGS Genuine Genuine   GreatCollections GreatCollections Coin Auctions 03/23/2014, 178/Lot# 127504 $2,750.00

NGC Registry

NGC Registry Score 1795 DRAPED BUST S$1 MS
Registry Image Gallery
Grade: AU 53
Points: 5094
Owner: BillJones
Grade: VF 30
Points: 2448
Owner: Wolverines
View the Registry Image Gallery

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