Home / Coin Payment / US Coins – Spink to sell the iconic silver dollar of 1794

US Coins – Spink to sell the iconic silver dollar of 1794

The first of the iconic American Silver Dollars will be on sale on Spink USA over it January 27, 2015. It will also be available for viewing at International New York Numismatics Convention (NYINC) at our stand no. S33-S34 from Thursday 8 January to Sunday 11 January 2015.

Towards the end of 1794, the first US dollar was introduced. These lovely dollars – Mrs Liberty, with her hair loose, on one side; a rustic eagle in the enchanting display on the other – found their way in a few pockets and handbags; only 1,758 pieces were coined.

1794 dollars NGC-50 CAC
1794 dollars NGC-50 CAC

After independence, the new United States continued to suffer from currency chaos. A myriad of foreign gold and silver circulated filling the gaps created by the chronic shortage of British coins. The payment for a purchase of supplies could consist of half john of Portuguese gold, an old Dutchman leeuwendaalder, some German states silver coins, a well worn Jacobian shilling, a Spanish 8 Reales, and a cut piece of silver plate. To further aggravate this, every American colony had its exchange rate.

Thomas Jefferson in 1776 claimed a decimal monetization. As a model of coinage, he pointed to the Spanish 8 Reales, the "Dollar". In 1786 the Congress collected US coin names – an eagle worth 10 dollars, half eagle, dollar, half dollar, double coin, penny, penny and half cent. Production was now the problem. On October 16, Congress passed the ordinance for the establishment of a mint.

George Washingtonon 2 April 1792 he approved the law "establishing the mint and regulating US coins". The mint house would be in Philadelphia. US coins would now be composed of royal eagles and half-eagles and quarters; silver dollars, half and quarters of dollars, disambi and half disambi; and cents and cents of copper.

Thomas Pinckney, the United States minister in Great Britain engaged Albion Coxe as a tester, while a watchmaker in Philadelphia and a steam engine builder, Henry Voight the head of mint has been made. The national mint would continue to prosper, while the silver dollar would become the most iconic currency in the United States and the dollar the country's fundamental monetary unit.

The coin is verified AU 50 from NGC and CAC verified, is quite clear to the problem, showing a strong date, bold types and pleasing shades of intense gray. The "STATES" on the back show some typical weaknesses, but the strike is far superior to most of the examples of this very rare coin.

It is estimated at $ 300,000 – $ 400,000.

For more information please contact:

Greg Cole or Luke Mitchell at +1 212 282 8400 or gcole@spink.com / lmitchell@spink.com

About Spink

Spink is the world's leading auctioneer of stamps, coins, banknotes, medals, bonds and stocks, autographs, books and wine. Since its foundation in 1666, the name Spink has become synonymous with tradition, experience and integrity. Owner of royal warrants and numerous records for the prices reached at auction, Spink offers an unprecedented range of services to collectors all over the world. Headquartered in London, with offices in New York, Switzerland, Hong Kong and Singapore, Spink has more than 70 auctions annually. You can access the catalogs via the Spink website (www.spink.com) or via the Spink app for iPhone and iPad.

US silver dollars currently available on eBay

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