From my perspective this would be a bad buy no matter what. I don't buy stuff like this. If I can't afford a decent example of something, and by that I mean at least a no problem VG or better, I can do without that date, mint mark or type.
If this could find its way into a PCGS PR-01 holder, it is probably a great buy. PCGS has a "bottom feeder" (my name for it, not PCGS') registry when collectors try to assemble the lowest grade coins possible that can get a grade. Damaged coins or piece that were obviously intentionally worn don't get into the PR-01 or FR-02 holders and therefore don't qualify. Finding these coins is harder than you might think, and some of them bring prices that you would not believe. Don't bring them to me, however. I have zero interest in this.
I looked at my Overton book and saw that there are 10 varieties listed for the 1794 half dollar. I got a headache just thinking about trying to attribute this coin. If the seller did market this as a 1794 half dollar, he had better be able to point out the diagnostics for his claim. Otherwise it's just some hype.
Edited by billjones
03/16/2016 12:57 pm