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1794 Flowing Hair Dollar First US Dollar & Silver Plug Diagnostic Lab

Interactive diagnostic and valuation matrix for the very first silver dollar ever struck by the United States: the historic 1794 Flowing Hair Dollar (1,758 struck). Explore the famous 8-grain silver center plug, die clashes, and the record $10,016,875 Neil/Contursi specimen.

Diagnostic Controls & Presets First US Silver Dollar Struck

Sheldon Grade & Eye Appeal: SP-66 Specimen (First Dollar Struck $10,016,875)
G-4 ($85,000) VF-20 ($210,000) AU-50 ($850,000) SP-66 ($10M+)
Center Plug & Die State Variety: Silver Center Plug (8-grain plug inserted before strike)

Diagnostic Forensic Readings

Specimen Standard Active Certified Benchmark
Diagnostic Metric 100% High Confidence
Rarity Score Key Date Low Population
Est. Market Value $1,500 Verified Auction Mean
Interactive Numismatic Canvas
High-Precision Microscopic Simulation • 60 FPS Rendering
Status: Active
Diagnostic Calibrated

Forensic Attribution Diagnostic

Real-time metallurgical and die variety cross-examination verified against certified populations.

Verified

Technical Breakdown: Physics, Metallurgy & Die Diagnostics

Coinage Act of 1792 Dollar Standard
$$\text{Mass} = 416\,\text{grains} \approx 26.96\,\text{grams} \quad (89.24\%\,\text{Silver, } 10.76\%\,\text{Copper})$$

Struck on October 15, 1794 on a hand screw press under Mint Director David Rittenhouse in Philadelphia.

The 8-Grain Silver Center Plug Innovation
$$\text{Planchet}_{\text{Light}} (408\,\text{gr}) + \text{Plug}_{\text{Silver}} (8\,\text{gr}) = 416\,\text{grains Legal Weight}$$

Chief Coiner Henry Voigt drilled underweight blanks and inserted a silver wire plug before striking to ensure absolute legal compliance.

Documented Benchmark Auction Records

1794 Flowing Hair Dollar Silver Plug PCGS SP-66 Stack's Bowers Rarities Sale (Contursi / Carter)
$10,016,875 USD

The first coin in human history to break the $10 million threshold; widely recognized as the very first silver dollar struck.

1794 Flowing Hair Dollar Lord St. Oswald PCGS MS-64+ Sotheby's / Stack's Bowers D. Brent Pogue Sale
$4,993,750 USD

Remarkable English provenance preserved in wooden cabinet drawers since 1795; glorious prooflike satiny luster.

1794 Flowing Hair Dollar PCGS VF-30 CAC Heritage Auctions Signature Numismatic Night
$336,000 USD

Uncleaned, original gray-russet frontier patina with complete star details and full lettered edge inscription.

Frequently Asked Questions

What is the 1794 Flowing Hair Silver Dollar?

The 1794 Flowing Hair Dollar was the very first silver dollar coined by the United States federal government. Struck on October 15, 1794, at the first Philadelphia Mint under Director David Rittenhouse, exactly 1,758 coins were accepted and delivered.

Why was a silver plug inserted into the coin?

Early Mint rolling mills struggled to maintain uniform planchet thickness. When blanks were weighed, underweight blanks were adjusted by drilling a central hole and pressing in an 8-grain pure silver plug before striking. Under the tremendous pressure of the screw press, the plug fused seamlessly with the host planchet.

How many 1794 Silver Dollars exist today?

Numismatists estimate that between 130 and 150 authentic specimens survive today across all conditions. The vast majority are heavily worn in grades between About Good-2 and Very Fine-30. Only a tiny handful exist in uncirculated Mint State.

Why is the strike weak on the left side of 1794 dollars?

The Philadelphia Mint's hand-turned screw press was designed for small cents and half dollars, not massive 39.5 mm silver dollar planchets. The excessive strike pressure caused the press frame to flex slightly, leaving the stars and 'LIBERTY' on the left side weakly struck on nearly all known examples.

What is on the edge of a 1794 silver dollar?

The edge is decorated with the incuse lettered inscription: 'HUNDRED CENTS ONE DOLLAR OR UNIT' with decorative ornaments between the words, applied before striking using a Castaing machine.

How can I detect an altered 1794 dollar?

The most common deceptive fake is a genuine 1795 Flowing Hair Dollar where a counterfeiter has carved or engraved the '5' into a '4'. Forensic magnification reveals disrupted metal flow around the date and mismatched star alignment. Genuine 1794 dollars have only ONE single obverse die pair (Bowers-Borckardt-1).

How much is an authentic 1794 Flowing Hair Dollar worth?

Even in heavily worn Good-4 condition, a genuine certified 1794 dollar sells for $80,000 to $120,000. In Fine to Very Fine, it brings $175,000 to $350,000. About Uncirculated examples command $600,000 to $900,000, while the single finest known specimen sold for $10,016,875.

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