With such a low mintage for the 1794 Silver Dollar, it should not come as a surprise that the population of graded coins is very low. Yet, proportional to the mintage, it appears that a relatively high number of survivors are known to exist, at approximately ten percent of the mintage.
The single finest known coin is classified as a specimen striking by PCGS. Graded as SP-66, it is the only example with a silver plug, and obviously is something special. With an above-average strike, proof like surfaces, and excellent eye-appeal, some believe this to be the first silver dollar ever struck in the United States. It is different in appearance from all other known examples, struck in the same die state as a copper trail striking, which was presumably used to set up the dies before striking. Known as the Neil/Carter/Contursi specimen, this coin sold in a private transaction in the summer of 2010 for the amazing amount of $ 7,850,000, setting a new world record as the highest price paid for a coin.
The record was broken less than three years later when the same coin was sold for $10,016,875 at auction. The 1794 silver dollar gained even greater fame as the very first coin to sell for more than $10 million at auction. The buyer of the coin was Legend Numismatics of Lincroft, New Jersey who indicated no plans to sell the coins.
Other uncirculated examples of the 1794 Silver Dollar have not sold for such extraordinary amounts, but are certainly rare. PCGS has graded two individual specimens MS-66, and single specimens in MS-64, MS-63, MS-63+ and MS-62+. This comprises the entire list of all uncirculated 1794 Silver Dollars graded by PCGS in almost 25 years.
The highest grade awarded by NGC was for a single coin in MS-64, which last sold in August 2010 for $1,207,500. A few more uncirculated specimens are known to exist, but the condition census of all uncirculated 1794 Silver Dollars contains less than ten examples in all uncirculated grades.