Patterns (1794)

The Greysheet Catalog (GSID) of the Patterns (1794) series of Pattern Coinage in the U.S. Coins contains 6 distinct entries with CPG® values between $90,000.00 and $960,000.00.

History and Overview The 1794 pattern half disme (J-14) and the pattern silver dollar (J-18) are similar in style to the later-issued circulation coins, but lack obverse stars. Concerning half dimes, although dies for regular coinage were prepared in 1794 and are so dated, these dies were first employed in calendar year 1795. Collecting Perspective All patterns of this year are exceedingly rare or even unique and are virtually non-collectible. Nearly all show evidence of wear and/or oxidation. Although 1794-dated pattern coins have appeared on the market occasionally, they are sufficiently rare that it is not possible to collect them systematically. With patience and a measure of luck, perhaps a dedicated numismatist could acquire one or two examples during a collecting lifetime. These pieces have not, however, commanded high auction prices because the grades were less than the popular Mint State (or Proof) categories sought by investors, and, further, the market for such pieces was mainly with sophisticated buyers and not widespread.