You're looking at a very specific and historically significant coin! Let's break down what each part of your description means:
1794 1c Liberty Cap Large Cent:This identifies the coin as a one-cent piece (1c) from 1794, featuring the "Liberty Cap" design.1 This design was introduced in 1793 as one of the earliest coins struck by the United States Mint. The "Large Cent" refers to its physical size, which was larger than modern pennies.
Head '94: This refers to the "Head of 1794" variety of the Liberty Cap Large Cent.2In 1794, several different dies were used, leading to variations in the appearance of Liberty's head.3
S-22: This is a Sheldon variety number (specifically, Sheldon-22). Dr. William H. Sheldon cataloged early American cents in his book "Early American Cents," assigning unique "S" numbers to each known die marriage (combination of obverse and reverse dies).4 The S-22 variety of the 1794 Liberty Cap Large Cent is a known and collectible variety.
ANACS P1 Details Holed: This refers to the coin's grading by ANACS (American Numismatic Association Certification Service), a well-known third-party coin grading service.
P1: This is the ANACS grade, equivalent to "Poor-1." It indicates that the coin is in very low condition, with significant wear and damage, but still identifiable as the specific coin.
Details: This is a crucial qualifier. When a grading service like ANACS or PCGS includes "Details" in the grade, it means the coin has experienced some form of "problem" or damage that prevents it from receiving a straight numerical grade.5 This could include cleaning, environmental damage, scratches, rim damage, etc. The "P1 Details" means that while it has the characteristics of a P1 grade (very worn), it also has specific issues.
Holed: This specifies the exact "problem" that caused the "Details" designation. A "holed" coin has a hole drilled through it. This was a common practice in the past, as people would sometimes drill holes in coins to wear them as jewelry or attach them to something.6 While it detracts significantly from a coin's value, for a rare and early coin like a 1794 Large Cent, even a holed example can still be collectible due to its historical significance and scarcity.
Value:
Given the "P1 Details Holed" grade, this coin will have a significantly lower value than a similar 1794 S-22 in a problem-free, even low, grade. However, even with a hole, a 1794 Large Cent (especially a recognized Sheldon variety like S-22) still holds historical value.
Based on recent sales data for 1794 Large Cents with "Details" and low grades (though not always specifically "holed"):
You might see similar coins in "Good Details" or "Fine Details" selling anywhere from a few hundred dollars to over $1,000.
A "P1 Details Holed" would likely be at the lower end of this range or even below, potentially in the $150-$500 range, depending on the severity of the hole and other factors. It's difficult to give an exact price without seeing the specific coin, as the extent of the damage (size and placement of the hole, etc.) heavily influences its marketability.
Key Takeaways:
Rare Coin: The 1794 Liberty Cap Large Cent is an early and desirable US coin.7
Variety: The S-22 attribution adds specific collector interest for those specializing in Large Cents.
Problem Coin: The "Details Holed" designation indicates significant damage, which reduces its monetary value compared to a problem-free example. However, for such an old and rare coin, it still has collector appeal and value.
If you own this coin, it's a piece of American history, even with its imperfections!