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1794 Flowing Hair Silver Dollar: An Important Coin in Numismatic History
The 1794 Flowing Hair Silver Dollar holds a special vicinity in American records, because it became the first dollar coin minted by means of the USA. Recently, the greatest recognized instance of this coin received a extensive grading improve, further cementing its numismatic significance.
Recent Grading Upgrades
In 1995, this 1794 greenback became bought at a Stack’s auction as a Gem Brilliant Uncirculated coin. In 2010, it was graded as MS66 by using the Professional Coin Grading Service (PCGS) and permitted via the Certified Acceptance Corporation (CAC).
Recently, experts at CAC Grading re-examined the coin and authorized it as Mint State sixty seven (MS-67), proving the coin to be the best surviving example of the first year of the U.S. dollar.
The coin is now insured for $15 million and may be publicly displayed for the first time in 30 years in 2025.
Historical Origin
The coin’s history dates back to the 1920s, when it was seen by renowned collector Colonel E.H.R. Greene, and later by noted mid-20th century type set collector Lelan Rogers.
In 1995, dealer Jay Parrino purchased it for $577,500. The following year, Parrino and his partner Mike Phillips sold it to dealer Chris Napolitano for an anonymous Georgia collector who was placed under the set registry name “Stellar.”
OWNER’S PERSPECTIVE
The current owner has held this coin privately for nearly three decades. Chris Napolitano, who helped with the sale in 1996, said his client was delighted with the recent grading results, which validated his long-standing belief in this coin’s exceptional quality.
Napolitano underscored the coin’s significance, stating, “When I first saw this coin at Stax in 1995, I thought it was one of the most important coins in U.S. history.”
Auction Description
This coin was described in the 1995 Stack’s auction as follows:
“1794 Bolender 1. Gem Brilliant Uncirculated. 416.1 grains. A satin gem coin with beautiful toning. Both sides are toned to a beautiful, deep coin silver gray color, with iridescent champagne and light blue coloring around the edges.
The fields are perfectly lustrous and satin, and the snow is almost without any signs of manipulation. One has to wonder how such a large and heavy coin could have survived for 200 years with such satin-like surfaces.”
| Year | Event | Grade | Price | Owner |
|---|---|---|---|---|
| 1995 | Stack’s Auction | Gem Brilliant Uncirculated | $577,500 | Jay Parrino |
| 1996 | Private Sale | – | – | Chris Napolitano’s client |
| 2010 | PCGS Grading | MS66+ | – | Anonymous (“Stellar”) |
| 2025 | CAC Grading | MS-67 | Insured for $15 million | Anonymous (“Stellar”) |
Recent Grading Upgrade of the 1794 Flowing Hair Silver Dollar
The 1794 Flowing Hair Silver Dollar’s MS-67 grading upgrade reflects its outstanding quality and historical significance.
As America’s first dollar coin, this coin not only symbolizes American numismatic heritage, it also represents the first step in U.S. coin production.
FAQs
1. Why is the 1794 Flowing Hair silver dollar worth $15 million?
The 1794 Flowing Hair silver dollar is worth $15 million due to its historical significance as one of the first U.S. silver dollars and its near-perfect MS-67 condition.
2. What makes the 1794 Flowing Hair silver dollar so rare?
The 1794 Flowing Hair silver dollar is rare due to its low mintage, being one of the earliest coins struck by the U.S. Mint, and its exceptional condition in higher grades.
3. How was the 1794 Flowing Hair silver dollar graded as MS-67?
The 1794 Flowing Hair silver dollar was graded MS-67 due to its outstanding preservation, displaying minimal wear and excellent detail, a remarkable feat for a coin that’s over 200 years old.
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