This is a 1794 FLOWING HAIR HALF DOLLAR – PCGS XF-45, PLEASING, WELL-STRUCK 1ST YEAR ISSUE. Fresh from the private collection of a very good customer and friend, this 1794 Flowing Hair Half Dollar represents a vital piece of early American coinage. 1794 was the first year for the Half Dollar denomination and only 23,464 pieces were struck. Because of the value of 50 Cents in 1794, very few examples were saved, making XF and better examples extremely scarce. Most 1794 Halves are low grade and many have damage.
The present example rests in a PCGS XF-45 holder, and is very conservatively graded in our estimation. The surfaces are golden in color on both sides with red-to-violet peripheries prominent on the obverse. The edge denticles are sharp and crisp and the hair detail is strong for a coin of this year and grade level. The reverse Eagle is sharp with strong wing details. Retained luster is evident throughout the coin, and is especially prominent on the reverse. Although most 1794-dated halves have various distractions, this particular piece has a smooth, mark-free obverse, and only a few scattered marks on the reverse. Two minor rim ticks on the reverse help to identify this specimen, and are trivial given the otherwise sharp strikes of both the obverse and reverse rims.
The 1794 Half Dollar has a PCGS Population of just 5 examples graded XF-45, with 13 in all AU grades combined and only 4 Mint State examples. PCGS Price Guide suggests a value of $50,000, which seems conservative, as no PCGS XF-45 has auctioned since a $44,650 2016 Heritage Sale. We strongly urge you to visually compare this coin to any AU-graded examples that you may have images to access. This is truly a wonderful specimen in all aspects and would be perfectly suited in either a U.S. Type Set, an advanced Bust Half Dollar Set, or an investment portfolio of rare coins. Don’t miss out on this opportunity!
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