Flowing Hair Dollar

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Under this proposal, unauthorized by Congress, all 1794 dollars and, it is believed, most if not all 1795 Flowing Hair dollars were minted. Each had 3.49 grains of extra silver, above the Mint Act's limit of 1/144 deviation (2.578-1/8 grains) in weight of fine silver. 2 days ago  EF40 1795 Flowing Hair Half Dollar - O-125 - Graded ANACS. We acquire coins from a variety of sources with some being graded before we get them and some we send out to grading service companies after we receive them. If you ever have a question about the grading of a coin, please contact the grading service company with the serial number of the. F12 1795 Flowing Hair Half Dollar - Overton 117 - Graded PCGS.7995.

Draped Bust Dollar Overview

As one of the first coins ever produced by the newly-founded United States, the Draped Bust silver dollar is an elusive and valuable piece of history that is sure to be the pride of any collector lucky enough to own one.

The Draped Bust dollar was created in 1795 as a modification of and improvement upon the Flowing Hair dollar that had only been in production since the previous year.

The person responsible for the design of the Draped Bust dollar is not known for certain, although most accept Gilbert Stuart as the designer. The obverse design features a profile bust of Lady Liberty encircled by a ring of stars. At the top of the face is the legend 'LIBERTY,' and at the bottom is the year of mintage.

There are two reverse designs for the Draped Bust dollar. The first was minted from 1795 to 1798 and is known as the Small Eagle design. It depicts a realistic eagle surrounded by a wreath with 'UNITED STATES OF AMERICA' running along the rim.

The second reverse, minted from 1798 to 1804, is known as the Heraldic Eagle design because it swaps the realistic eagle for a more traditional heraldic variety. The legend remains the same, but above the eagle a spray of stars with a border of clouds was added.

Interestingly the denomination is found on the edge of the coin and is engraved as 'HUNDRED CENTS ONE DOLLAR OR UNIT.'

Flowing Hair Dollar

Although the series officially ended with the 1804 mintage, a low number of sets were struck again towards the middle of the 19th century for diplomatic and numismatic purposes, and these pieces, still dated 1804, are some of the most famous and sought-after coins in American numismatics.

History of the 1799 Draped Bust Dollar

1799 saw the mintage of 423,000 Draped Bust silver dollars, a number that seems low to us now but was fairly high for the time, especially considering that dollar pieces were not all that common for everyday transactions. Indeed, 1799 is the largest mintage for the Draped Bust dollar.

In terms of design, the 1799 issue belongs to the Heraldic Eagle type, although both the obverse and reverse designs are subject to variation, as discussed in the next section.

From a compositional standpoint, this issue is typical for the series. It is between 89 and 90 percent silver and 10 to 11 percent copper. The diameter is 39 to 40 millimeters, and the mass is 27 grams.

Major 1799 Silver Dollar Varieties

Dies used for striking coins in this era were individually hand-carved, so it is not surprising that we find a wide range of varieties from this time period.

The 1799 silver dollar can be found in well over a dozen varieties, but there are seven major ones to keep a lookout for. They can divided into three groups based on the appearance of the mintage date: Normal Date, Irregular Date, and 9-over-8.

Flowing Hair Dollar

In Normal Date coins, the final '9' is in proper alignment with the rest of the date and the curve of the rim. There are three Normal Date varieties. The first is the 8 x 5 variety, meaning that on the obverse, there are 8 stars on the left side and 5 stars on the right side.

Coin
Flowing Hair Dollar

Although the series officially ended with the 1804 mintage, a low number of sets were struck again towards the middle of the 19th century for diplomatic and numismatic purposes, and these pieces, still dated 1804, are some of the most famous and sought-after coins in American numismatics.

History of the 1799 Draped Bust Dollar

1799 saw the mintage of 423,000 Draped Bust silver dollars, a number that seems low to us now but was fairly high for the time, especially considering that dollar pieces were not all that common for everyday transactions. Indeed, 1799 is the largest mintage for the Draped Bust dollar.

In terms of design, the 1799 issue belongs to the Heraldic Eagle type, although both the obverse and reverse designs are subject to variation, as discussed in the next section.

From a compositional standpoint, this issue is typical for the series. It is between 89 and 90 percent silver and 10 to 11 percent copper. The diameter is 39 to 40 millimeters, and the mass is 27 grams.

Major 1799 Silver Dollar Varieties

Dies used for striking coins in this era were individually hand-carved, so it is not surprising that we find a wide range of varieties from this time period.

The 1799 silver dollar can be found in well over a dozen varieties, but there are seven major ones to keep a lookout for. They can divided into three groups based on the appearance of the mintage date: Normal Date, Irregular Date, and 9-over-8.

In Normal Date coins, the final '9' is in proper alignment with the rest of the date and the curve of the rim. There are three Normal Date varieties. The first is the 8 x 5 variety, meaning that on the obverse, there are 8 stars on the left side and 5 stars on the right side.

The other two Normal Date varieties are 7 x 6, meaning the obverse has 7 stars on the left and 6 stars on the right. One 7 x 6 variety has berries on the olive branch on the reverse, and the other 7 x 6 variety displays no berries.

On Irregular Date coins, the final '9' is on the same plane as the previous '9,' which creates an odd look in relation to the rim. There are two Irregular Date varieties. The first features 13 stars, representing the 13 colonies, on the reverse.

The second variety has 15 stars, an error which was corrected by covering two stars with the clouds on the left and right edge of the design, though the stars are still slightly visible.

Finally, the 9-over-8 type is an overdate issue where the final '9' was punched over an '8' that can still be seen. As with the Irregular Date varieties, there is a variety that features 13 stars on the reverse and one which features the extra two covered up by clouds.

Valuing the 1799 Draped Bust Dollar

Due primarily to their age, 1799 Draped Bust dollars, like other specimens of the series, are very valuable, even in poor condition.

Although mostly minor, the different varieties can bring some significant variations in value. For simplicity's sake, see the table below for a layout of the values of each variety.

G-4VG-8F-12VF-20XF-40AU-50MS-60MS-65
9-over-8: 13 stars$977$1,253$1,738$2,781$4,677$8,731$22,538$210,000
9-over-8: 15 stars$989$1,379$1,788$2,882$5,274$8,894$23,101
Irregular Date: 13 stars$977$1,145$1,593$2,610$4,677$8,731$22,243
Irregular Date: 15 stars$977$1,145$1,593$2,610$4,677$8,731$23,101
Normal Date: 7×6 – no berries$977$1,145$1,593$2,610$4,677$8,731$22,243
Normal Date: 7×6 – with berries$928$1,145$1,593$2,610$4,677$8,731$22,538$497,587
Normal Date: 8×5$928$1,145$1,593$2,610$4,677$8,731$22,538$497,587

Sources for values: https://www.usacoinbook.com/coins/dollars/draped-bust/

Flowing Hair Dollar 1799 Silver

http://www.pcgscoinfacts.com/Coin/Detail/6884

CoinTrackers.com has estimated the 1794 Flowing Hair Dollar value at an average of $47148, one in certified mint state (MS+) could be worth $825,098. (see details)...

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.
Silver Melt: $21.05
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $47148, while one in certified mint state (MS+) condition could bring as much as $825,098 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1794, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].

Additional Info: Our system rounds the number of coins produced to the thousand. There were only 1,758 of these issued. The 1794 Flowing Hair Dollar was the first dollar coin ever issued by the United States government. Previous attempts had been made by the states, but the 1794 silver dollar was the first dollar coin to be standardized. This coin is a very important piece of American History, and with just 1758 of them minted they are very rare. Make sure this coin is certified.

Numismatic vs Intrinsic Value:This coin in poor condition is still worth $47126.95 more than the intrinsic value from silver content of $21.05, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.

Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.

Current silver melt value* for a 1794 No mint mark is $21.05 and this price is based off the current silver spot price of $27.22 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.

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**When we say that 2,000, of these coins were produced or minted in 1794 this number doesn't always match the actual circulation count for this coin. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.

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***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value.Call or visit your local coin dealer for more information.

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