A rare 1795 silver dollar, one of the earliest coins struck by the United States, has been discovered in a Rhode Island estate and is valued at over $100,000. The coin is set to be auctioned on December 15 by GreatCollections, a California-based auction house. This 1795 Flowing Hair Silver Dollar with Silver Plug is considered one of the finest examples in existence.
Family’s 200-Year-Old Heirloom
The coin has an incredible backstory. It was passed down through seven generations in a Rhode Island family. This silver dollar was the only heirloom saved by the family, and its rare value was recently discovered. The descendants of the original owner have now decided to auction the coin. The coin has been graded PCGS AU58 and is approved by Certified Acceptance Corporation (CAC), meaning it is a strong example of its grade.
The Silver Plug – What Makes This Coin So Rare?
This specific 1795 Flowing Hair Silver Dollar is part of a small group that includes a silver plug in the center. Early U.S. coins in 1794 and 1795 were made with this plug to increase the weight of underweight planchets. Only around 100 of these coins exist today, and most are in lower grades. This coin is tied as one of the fourth-finest and second-finest examples in existence, making it an exceptional find.
Key Facts
| Fact | Details |
|---|---|
| Coin Type | 1795 Flowing Hair Silver Dollar with Silver Plug |
| Year | 1795 |
| Estimated Value | Over $100,000 |
| Auction Date | December 15 |
| Grading | PCGS AU58, CAC Approved |
| Origin | Found in a Rhode Island estate |
| Heirloom | Passed down for seven generations |
| Minting History | Coins were struck in 1794 and 1795 with silver plugs to adjust weight |
Conclusion
This discovery of a 1795 Flowing Hair Silver Dollar with a silver plug offers a fascinating glimpse into the early days of U.S. coinage. With its rich history, rare features, and a value of over $100,000, this coin is not just a piece of currency—it’s a historic treasure. As it prepares to be auctioned on December 15, coin collectors and history enthusiasts alike will be eagerly watching to see just how much this rare piece of American history will fetch.
FAQ’s
What makes the 1795 Flowing Hair Silver Dollar so valuable?
The coin is valuable because it is rare, especially with a silver plug, and it is one of the finest examples of its type, graded PCGS AU58 with CAC approval.
How many 1795 silver dollars with silver plugs exist?
Only about 100 silver dollars with silver plugs were made, making them extremely rare today.
When will the 1795 silver dollar be auctioned?
The auction for the coin is scheduled for December 15