• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.


This topic is now archived and is closed to further replies.

The First U.S. Dollar?

10 posts in this topic

I just received the "Numismatic eNewsletter", A 1794 Speciman!?



Steve Contursi, president of Dana Point, Calif., firm Rare Coin Wholesalers, announced he has what he believes to be the first silver dollar ever minted in the United States.


Professional Coin Grading Service certified the 1794 silver dollar as a Specimen-66 grade. According to Contursi, "I asked PCGS to assess the coin." PCGS founder David Hall concurred that the coin "quite possibly" is the first one struck.


The coin pedigrees to the Amon Carter Collection. Rare Coin Wholesalers purchased it for an undisclosed price from a private collection, said Contursi.


With regard to its value, Contursi said that it has more numismatic and historic symbolism than the King Farouk 1933 double eagle that sold last July for $7.59 million, emphasizing that he believes the 1794 dollar "is the most valuable U.S. coin in the world."






Link to comment
Share on other sites

Contursi is certainly asking a princely sum for the coin, but that's a whole different issue.


As for the coin's being the first U.S. silver dollar, there is some supporting evidence of this:


1. We know that it is a very early die state, and the same used to strike the copper pattern.

2. The coin is very well struck, with some of the hallmarks of a presentation piece. In this case, fresh dies and sharp design detail brought out on the planchet. (This last part is important, as America's first press was really designed for stamping half dollars -- and not even so good with that!)


There are two other characteristics about this coin that I will mention merely because I find them interesting:


3. The coin has a silver plug.

4. The coin has adjustment marks.


Of course, the last two have no bearing on Contursi's claim, which is also widely accepted by the ED specialists as a realistic possibility.




Link to comment
Share on other sites

Ahhhhhhhhh! But does this coin exist? They seem to have problems with nonexisting coins for sale.


Oh no, Mr. Lawsuit heard you and you've got a process server coming your way.

Link to comment
Share on other sites

The coin is in a PCGS Speciman 66 holder. Or something is in the holder!?




If you're questioning the existence of the coin, then you need not. The coin is so famous that many true experts and even many self-proclaimed experts have seen the coin.


If you're questioning the coin's lofty condition, then you also need not. The is breathtaking and not like any regular circulation strike specimen from that era. Of course, it may not be a "Specimen" in the sense it was produced ceremonially with dignitaries in mind. But, it certainly seems like a specimen struck from recently prepared dies.




Link to comment
Share on other sites