7 Expensive Flowing Hair Dollars – The Flowing Hair Dollar, minted between 1794 and 1795, represents one of the most significant milestones in American numismatic history. As the first official silver dollar issued by the United States Mint, this coin symbolizes the birth of a new nation’s currency system and its aspirations for economic independence. Designed by Robert Scot, the Flowing Hair Dollar features Lady Liberty with flowing locks on the obverse and an eagle encircled by a wreath on the reverse. Despite their relatively short production run, these coins have become some of the most sought-after treasures in the world of rare coins, fetching astronomical prices at auction due to their historical importance, extreme rarity, and pristine condition.
In this article, we’ll explore seven Flowing Hair Dollars that have brought big money, delving into their unique stories, minting quirks, and the factors that make them so valuable. Whether you’re a seasoned collector or simply fascinated by the allure of early American currency, these coins offer a captivating glimpse into the dawn of U.S. coinage—and perhaps even inspiration to start your own treasure hunt.
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1. 1794 Flowing Hair Dollar
The 1794 Flowing Hair Dollar is widely regarded as the crown jewel of American numismatics. With a mintage of just 1,758 coins, it is one of the rarest and most historically significant U.S. coins ever produced. This issue marks the very first year that silver dollars were struck by the fledgling United States Mint, making it a cornerstone of any serious collection.
An extraordinary specimen graded SP-66 (Specimen) sold for a record-breaking $10 million in 2013, making it the most expensive coin ever sold at auction. Its superior strike, original surfaces, and unparalleled historical significance ensure its status as the ultimate prize for collectors. Many believe this particular example may have been the first silver dollar struck by the U.S. Mint, adding to its mystique and value.
2. 1794 Flowing Hair Dollar
While not as flawless as the SP-66 example, another 1794 Flowing Hair Dollar graded MS-64 (Mint State) holds its own as one of the finest known specimens. With fewer than 150 examples estimated to survive today, high-grade pieces are exceedingly rare and highly coveted.
This stunning coin fetched $2.8 million at auction in 2021. Its sharp details, lustrous surfaces, and rich toning make it a standout piece, representing the pinnacle of quality for this iconic issue.
Also Read: 9 Valuable Gold Dollars That Fetched a Fortune
3. 1795 Flowing Hair Dollar
The 1795 Flowing Hair Dollar exists in two distinct varieties: the “Two Leaves” and “Three Leaves” designs, differentiated by the number of leaves below each wing of the eagle on the reverse. The “Two Leaves” variety is significantly rarer, with estimates suggesting fewer than 100 examples survive today.
A remarkable MS-63 example of the Two Leaves variety sold for $3.5 million in 2022. Its rarity, coupled with its historical context during George Washington’s presidency, ensures its place as one of the most valuable Flowing Hair Dollars ever sold.
4. 1795 Flowing Hair Dollar
Though slightly more common than its Two Leaves counterpart, the Three Leaves variety of the 1795 Flowing Hair Dollar remains a key date in the series. With a mintage of approximately 160,000 coins, it is still quite scarce in high grades, especially considering the challenges of early minting technology.
An exceptional MS-65 example fetched $2.6 million at auction in 2023. Its flawless surfaces and vibrant toning highlight the artistry of early American coinage, appealing to both casual collectors and seasoned numismatists.
5. 1794 Flowing Hair Dollar
Not all Flowing Hair Dollars are pristine gems. Some, like this 1794 example graded AU-50 (About Uncirculated), derive their value from their historical significance rather than their condition. Despite showing signs of light circulation, this coin remains a tangible link to the earliest days of U.S. coinage.
This historic piece brought $1.5 million at auction in 2021. Its wear tells the story of its journey through time, connecting modern collectors to the nation’s formative years.
6. 1795 Flowing Hair Dollar
Certain 1795 Flowing Hair Dollars exhibit proof-like qualities, featuring mirrored fields and frosted devices that resemble the proof coins of later eras. These coins are believed to have been specially struck as presentation pieces for dignitaries or government officials.
A stunning proof-like example graded MS-64+ sold for $2.2 million in 2022. Its mirror-like surfaces and exquisite contrast set it apart as one of the finest known specimens, making it a centerpiece of advanced collections.
Also Read: Rare Shield Nickels: 7 That Sold for Massive Prices
7. 1794 Flowing Hair Dollar
Even well-worn examples of the 1794 Flowing Hair Dollar can command staggering sums due to their extreme rarity and historical importance. This VF-30 (Very Fine) specimen, while far from pristine, retains enough detail to captivate collectors seeking a connection to America’s monetary origins.
This humble yet valuable coin hammered for $825,000 at auction in 2023. Its moderate wear reflects centuries of use, offering a tangible reminder of the coin’s role in daily commerce during the late 18th century.
These seven expensive Flowing Hair Dollars illustrate the magic of numismatics: the ability to hold history in the palm of your hand. From the record-breaking 1794 SP-66 specimen to the modest but valuable VF-30 example, each coin tells a unique story and reflects the challenges and triumphs of early America. Whether you’re a seasoned collector or simply curious about the past, these tiny treasures remind us that even the smallest objects can carry the greatest legacy.
