1794 Flowing Hair Silver Dollar: The 1794 Flowing Hair Silver Dollar is a super special coin in American history. It’s the very first silver dollar the U.S. Mint ever made, so it’s a big deal for coin collectors, historians, and investors. Because it’s beautiful, rare, and connected to the start of the U.S. Mint, it’s worth a lot of money.
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How the First U.S. Silver Dollar Came to Be
Before 1792, America used a mix of foreign coins and money from private businesses. But in 1792, the U.S. Mint opened in Philadelphia. This was a major step. The government decided to make its own coins, and the silver dollar was going to be a standard form of money.
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By 1794, the Mint was ready to create the first silver dollar: the Flowing Hair Silver Dollar. The design, by Robert Scot, showed the world that the new country was independent and financially stable.
The Look and What It Means
The front of the coin shows Lady Liberty with long, flowing hair. This represents freedom and the spirit of the new country. The word “LIBERTY” is written above her, and 15 stars surround her head, one for each state in the Union at the time.
The back of the coin has an American eagle sitting on a wreath. “UNITED STATES OF AMERICA” is written around it. Unlike later silver dollars, this one doesn’t say “one dollar” because everyone knew it was worth one silver dollar.
Why It’s So Rare and Valuable
Only 1,758 of these coins were ever made, which is a tiny number compared to other coins. Experts think that only about 150 of them still exist today, and many are in bad shape because they were used as regular money.
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Because it’s so rare and historically important, it’s incredibly valuable. In 2013, a really perfect one sold for $10 million! That’s the most expensive coin ever sold at an auction.
What Makes It So Special?
- First Silver Dollar: It was the very first, which makes it a huge part of U.S. coin history.
- Few in Existence: Very few were made, and even fewer are still around.
- Unique Design: The flowing hair design was only used for a short time. Later silver dollars looked different.
- History: Some people believe the best one might have been given as a gift to important people, maybe even President George Washington!
Investing in Rare Coins
For serious coin collectors and investors, owning a 1794 Flowing Hair Silver Dollar is a dream come true. Most people will never see one, but if you do, you’ve got a real piece of American history.
If you’re thinking about investing in rare coins, talk to experts who can check if a coin is real and how good its condition is. Because the value of this silver dollar keeps going up, it’s one of the most sought-after treasures for coin collectors.
Table
| Coin | Mint | Estimated Value | Unique Feature |
|---|---|---|---|
| 1794 Flowing Hair Silver Dollar | Philadelphia | Up to $10 million+ | First U.S. silver dollar ever minted |
In Short
The 1794 Flowing Hair Silver Dollar is more than just a coin. It’s a symbol of America’s early money system, a beautiful piece of art, and a super valuable item for collectors. Whether you love it for its history or its price tag, this amazing silver dollar is a legend in the coin world.
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