The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. A genuine 1794 dollar in this condition would sell for millions of dollars, so, for us mere mortals, this is the only way to get a representative example to include with our collection of early US dollars. The description in the Carter sale also made a convincing argument that "It is perfectly conceivable this coin was the very first 1794 silver dollar struck." Minting 1794 Flowing Hair Silver Dollars. Mint plugs are frequently seen on the 1795 Flowing Hair dollars (and a few 1795 Flowing Hair half dollars), but not the 1794 issues, until now. For this reason, type set collectors who desire a Flowing Hair dollar will tend to focus on buying a 1795 issue because it is the more affordable option in most cases. The details of the hair is to pronounced and the eagle's breast feathers are the incorrect shape, and the relief in general is too high (meaning that this coin is struck in high relief and no Flowing Hair Dollars were struck in high relief). 1796 Draped Bust Dollar. Mintage: Circulation strikes: est. Two types were struck in 1795, the Flowing Hair and the Draped Bust. The Lady Liberty silver dollar from 1794 and 1807. The silver dollar was authorized by the Act of April 2, 1792, that also established the United States Mint and created our nation's coinage. Not only is the strike of the coin significantly superior to other known examples, it is also wholly prooflike, with full reflectivity in the fields on both sides. Previous attempts had been made by the states, but the 1794 silver dollar was the first dollar coin to be standardized. Collectors pay big money to own a 1794 silver dollar. Flowing Hair half dollars are slightly larger and heavier than their modern counterparts. One of the first dollar coins that was made by the US Mint almost 200 years ago is now being auctioned as the owner feels it is "time to move on". Send us your feedback, comments, or suggestions. This coin very likely is one of those traded coins. Ends: 01/17. PCGS does not certify any U.S. coins struck before 1816 as Proofs. This coin is a very important piece of American History, and with just 1758 of them minted they are very rare. Edge: Lettered \’\’HUNDRED CENTS ONE DOLLAR OR UNIT\’\’ with various ornaments. 72,920 / Proofs: none. $7,694.50. The above is an image of a counterfeit 1794 Flowing Hair Silver Dollar, Small Eagle Reverse, and this coin looks too good to be authentic. There was still some discussion within Congress as to whether the costly Mint was necessary to operate and epidemics of yellow fever forced closure of the mint during the summer months. This was only the second year the US struck One Dollar coins and this was the largest denomination in silver. Las Vegan Bruce Morelan kept his Flowing Hair Silver Dollar, one of the first 1,758 minted in the US, after no one placed his minimum bid, which often are what a seller paid for the coin. This page shows the values of Flowing Hair Half Dimes. PCGS The Standard for the Rare Coin Industry. On January 24, 2013 the 1794 silver dollar graded PCGS SP66 sold at a Stack's Bowers auction realizing a record price of $10,016,875. Buy Silver, Gold, and Copper Bullion & Coins Online at MintProducts.com. Type: Draped Bust Dollar Year: 1796 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 79,000 [ Silver Content: 90% Silver Weight:.7735 oz. Was: $2,645.00. Diameter: 39/40 mm. 7-6-11>>> A Flowing Hair 1796 dollar is NOT authentic. The Flowing Hair dollar was struck dated 1794 and 1795 only. We do our best to provide precise spot prices; however, during times of market volatility, prices may not be to-the-minute accurate. $159 The 1794 Flowing Hair 1 Oz. Was it really better than the Lord St. Oswald examples? Posted: 01/06/21. The state of preservation of the coin shows that it was specially handled from the beginning. Historic First Year 1794 Silver Dollar A Landmark Rarity in NGC MS-62 The Austrian-Wittlin-Willing Specimen 1794 Flowing Hair Silver Dollar. Weight: ±27.0 grams. It was the famous portrait painter Gilbert Stuart who sketched the initial design, later to engraved by Robert Scot. That obverse design was only used in 1794 & 1795 but the Draped Bust obverse was also first issued in 1795. Stuart’s model for Lady Liberty was a well known 31-year old Philadelphia woman named Ann Willing Bingham. Type: Flowing Hair Dollar Year: 1794 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 2,000 [ Silver Content: 90% Silver Weight:.7735 oz. I believe the coin is the finest known example of the first U.S. silver dollar, and quite possibly the very first piece struck of the denomination. A fake 1796 silver dollar recently acquired by Emery is not only magnetic, but bears the Flowing Hair design used in only 1794 and 1795, before the … Details: 1795 $1 3 Leaves NGC Details. 23 watching. $2,486.30. $8.75 shipping. 1795 Flowing Hair Dollar, 3-Leaves PCGS VF 20 ** Scarce Early Date Silver! 1794 Flowing Hair Silver Dollar $ 20.00. Some 1796 draped bust silver dollar coin facts. Flowing Hair (1794-1795) The dollar was the cornerstone of the monetary system devised by the Founding Fathers for the fledgling United States. The silver dollar coin was stuck by the US Mint back in 1794. Details: 1795 $1 3 Leaves NGC Details. Composition: Silver (90%) and Copper (10%). Congress had specified a peculiar alloy of 1485/1664 silver and 179/1664 copper, for a fineness of .8924+. 1800 PCGS VF30 12 Arrows Flowing Hair Dollar. Guardar mi nombre, correo electrónico y web en este navegador para la próxima vez que comente. The above is an image of a counterfeit 1795 Flowing Hair Silver Dollar, Small Eagle Reverse, and is not an obvious fake in appearance. Did it really have mirror fields and a full strike? CAC. 1795 Flowing Hair Silver Dollar 3 Leaves PCGS Genuine VG Details. This makes it the first coin to ever sell at auction for over $10 million. 99.9% Silver Dollar Proof With Deluxe Display Box – In 1793, America was in need of her own original coinage. Morelan's Flowing Hair dollar is the centerpiece in the auction that will also feature 14 other early American silver dollars from his collection. The coin was struck on October 15, 1794 and has been magnificently preserved since that day, having never been in a bag or seeing contact with other coins. One theory is that this is the Adam Eckfeldt-Mint Cabinet coin that was traded for Washingtonia in the 1840-1850s by the Mint Director, James Ross Snowden. 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