The coins were produced for just two years from 1794 to 1795 at the Philadelphia Mint. Lost your password? You are probably wondering what makes this dollar so special compared to the dollars that are currently in circulation. [7], In response, the Senate appointed a committee chaired by Robert Morris to draft the necessary specifications and legislation that would officially create a federal mint and coinage.

© 2007 - 2020 Certified Coin Exchange, Inc. •. This field is for validation purposes and should be left unchanged. Each coin is .999 fine copper. This resulted in another large gap in silver dollar production as the mint ran out of silver in 1904. Half dime dies were also prepared in 1794, but they were not used until 1795.

The average About Uncirculated specimen usually sells for over half $1 million. Type Coins Silver; Dollars – Flowing Hair Dollar, 1794-1795. [10] Scot's design closely followed his design for the cent, but with the Phrygian cap removed.

Beginning in the 1780s, a number of prominent Americans called for the establishment of a central mint to supply the United States with official coinage; all such proposals failed due in large part to lack of funds and opposition from individuals and groups who preferred that coins be struck by the individual states. You may need to download version 2.0 now from the Chrome Web Store. There are adjustment marks visible on both the obverse and the reverse sides of the coin. [12] After receiving approval, Scot began engraving the hubs for the new silver dollar. Congress approved his petition for reimbursement in 1800, after several delays.

[12], Now that mintage of the silver denominations could begin, the Mint began seeking depositors to bring in silver and gold bullion to be coined. This was remedied by filing the face of the planchets; for this reason, the coins vary in weight more dramatically than later issues, which were minted with more precise equipment. [8], Before the coins could be struck, the edge lettering and devices had to be impressed on the edge of the planchets. [18] The total mintage for the second and final year of production is estimated at 160,295. The United States has minted dollar coins, on and off, since 1794. Richard, with 45 years of experience, handles ancient and world coins as well as foreign banknotes. to handle precious metals such as silver and gold.

Once Congress cleared the way for the minting of silver and gold coins, The United States Mint was now tasked with creating a design. As … [22] In 2013, the finest known example, which was among the earliest coins struck and was prepared with special care, was sold at auction for $10,016,875, the highest selling price of any coin in history.

In late June or early July Joseph Wright was appointed to the post of engraver. For the same reasons, the 1794 silver dollar is also a smaller coin as Alexander Hamilton's solution, than what was required by the Act of Congress - Coinage Act of 1792. Half cents of the Liberty Cap design were issued in July. Tweet on Twitter. In 1791, following a study by Alexander Hamilton, Congress passed a joint resolution calling for the establishment of a national mint.

Visit www.RareCoinWholesalers.com or call (800) 347-3250 and ask for Mich... 1st Year of Issue. In October 1795 the design was replaced by the Draped Bust dollar. We guarantee your satisfaction! Soon after, the Mint began issuing gold and silver coins as well. The tout ensemble (entire design) has a pleasing effect to a connoisseur, but the touches of the [en]graver are too delicate, and there is a want of that boldness of execution which is necessary to durability and currency. CoinWeek - October 10, 2010 . Richard Ponterio The 1794 Flowing Hair Liberty Silver Dollar is in fact an error silver coin. An extraordinary grade in which to a... 1795 $1 Flowing Hair, Three Leaves, B-7, BB-18, R.3 -- Repaired -- PCGS G... 1795 $1 Flowing Hair, Three Leaves, B-7, BB-18, R.3, VF20 PCGS. Can't Email or Call Right Now? A mid-circulated grade of F-12 carries a value of $135,000. Each coin is in Perfect Gem condition! There is no typical grade for a 1794 Flowing Hair dollar. 1794 Silver Dollar Values . If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. Engraver Robert Scot began working on the design, most likely taking direction from President Washington, Secretary of State Thomas Jefferson (in charge of Mint affairs) or Mint Director David Rittenhouse. Fake 1794 Flowing Hair Liberty Copper Pattern Dollar on show at the National Museum of American History donated by the fake coin dealer interest group aimed to mislead and deceive visitors. All rights reserved. Despite the authorization, silver and gold coins were not struck until 1794.

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