LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

2922

1795 $1 Flowing Hair Silver Plug XF45 NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:15,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1795 $1 Flowing Hair Silver Plug XF45 NGC
<B>1795 $1 Flowing Hair, Silver Plug XF45 NGC.</B></I> B-7, BB-18, R.3. Three Leaves reverse. <B>With Mint inserted silver plug.</B></I> The outline of the Mint inserted silver plug is clearly visible on both sides of this example, unlike some others where it can only be seen on one side or the other. The plug has spread to approximately six millimeters diameter on both sides. Faint adjustment marks can be seen along the lower reverse border. The surfaces are wonderful, with deep gunmetal and iridescent toning on both sides. Slightly lighter silver color is evident on the reverse highpoints. The overall appearance is excellent.<BR> The purpose of the silver plug is believed to be an experiment in weight adjustment of the flans. A few short file strokes would easily adjust the flan weight downward if it was too heavy, but an underweight flan had to be melted, only to start the entire coin making process over, unless an expedient could be found. A hole drilled in the center of the planchet would allow insertion of a tiny silver sliver, protruding on both sides. When this combination was struck, the tiny plug expanded across both surfaces, receiving the design and bonding to the surrounding metal. This experiment must have been abandoned quickly, as there are no known instances of silver plugs on later date U.S. coins.<BR><BR><B>Coin Engraver:</B> Robert Scot<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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