1794 Flowing Hair $1 PCGS XF40 CAC
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1794-1795 Flowing Hair Silver $1
Issued from 1794 to 1795, the Flowing Hair Silver Dollar was designed by Chief Engraver Robert Scot.
Its obverse design features a portrait of Liberty facing right, with her hair tied loosely behind her head. Above her is the word LIBERTY, with the date shown below. She is surrounded by 15 stars, in accordance with the number of states in the union at that time, eight to the left and seven to the right.
The reverse design features a perched eagle with wings spread, looking to the right. A wreath encircles the eagle. The legend, UNITED STATES OF AMERICA, is in an arc surrounding the eagle. Except for its edge lettering, the coin has no denomination.
Prior to the issuance of silver coinage, only copper coins were made because neither the Chief coiner nor the Assayer could post the $10,000 bond required to be responsible for gold and silver. Thomas Jefferson recommended that this bond be reduced and President Washington agreed.
In 1794, Scot was able to produce a die for the cent, half-dollar and dollar coins. It is estimated that roughly 140-150 examples of the 1794 Flowing Hair Silver Dollar survive, out of 1,758 dollars that were struck. The only day of production for dollar coins that year was October 15th.
Using one set of dies, 2,000 silver dollars were struck. Of these, 242 were found unacceptable and were either remelted or used as planchets for the next year's run. All 1,758 dollars were delivered to Mint Director John Rittenhouse on October 15th.
Even those 1794 and 1795 Flowing Hair Dollars deemed acceptable for distribution show many of the difficulties the early U.S. Mint had with coinage operations. Virtually all know examples are softly struck, to one degree or another, at the left obverse and reverse borders.
Collectors have pursued 1794 silver dollars from the earliest days of the hobby. It is the most important, and one of the rarest silver dollars. The charisma of this coin cannot be overemphasized. Regardless of striking quality or level of preservation, a 1794 Flowing Hair Silver Dollar is extremely important in numismatic circles and the ownership of even a low-grade and/or impaired example is the mark of an important collection.
A LITTLE STICKER MAKES A BIG DIFFERENCE.
Within each number of the coin grading scale is a small range of condition from low-end to high-end. Certified coins of the same grade can be of varying quality. Many of today’s collectors want coins that are solid or premium quality for their assigned grade. CAC holds coins to a higher standard so you can be confident in the value of yours. We verify previously graded coins … and award our sticker only to those coins that meet the standard for today’s selective buyer.
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