Rare 1795 U.S. dollar coin worth nearly $1 million due to minting error

A specific 1795 Draped Bust dollar coin is commanding a price of nearly $1 million, largely due to a significant minting error that distinguishes it from other coins of its era. This particular dollar is part of the early silver dollar emissions from the United States and is recognized for a unique feature on its obverse side, stemming from an error during the preparation of the die used for striking the coins.

According to records from the Professional Coin Grading Service (PCGS), the engraver mistakenly placed the portrait of Lady Liberty off-center on the die. Despite the error, the die was used for production due to the cost of replacement. This resulted in the "decentered bust" variant, where Lady Liberty appears shifted to the left when viewing the coin's front. This distinct feature allows collectors and specialists to differentiate it from 1795 dollars with a centrally aligned image.

Specialists consider this "decentered bust" variant to be rarer than the standard version. Certification records indicate that the number of known coins exhibiting this off-center bust is considerably lower compared to those with the standard design. The specific coin in question was graded MS66+ by Heritage Auctions, reflecting its exceptional condition.

The condition of a coin plays a crucial role in its market value. Many Draped Bust dollars from the late 18th century are found in intermediate states of preservation due to their circulation history. Examples with minimal wear are less common and typically fetch higher prices. Among the "decentered bust" variants, most certified coins fall within the MS63 to MS64 grade range, making the MS66+ example particularly valuable.