Flowing Hair Dollar 1794—1795

The Flowing Hair Dollar is a significant coin in the history of the United States. It was the first dollar coin issued by the newly established federal government in 1794 and 1795. Here's a brief overview of its history:

The Coinage Act of 1792 authorized the production of silver dollars in the United States. The act specified the weight, fineness, and design of the coins. It called for the depiction of an emblematic representation of Liberty on the obverse (front) and an eagle on the reverse (back).

The production of the Flowing Hair Dollar began in 1794 at the Philadelphia Mint, the only mint facility in operation at that time. The design featured a bust of Liberty facing to the right, with flowing hair cascading down her shoulder.

The design of the Flowing Hair Dollar is attributed to Robert Scot, the first chief engraver of the United States Mint. Scot was a talented and respected engraver who played a significant role in the early coinage of the United States.

The Flowing Hair Dollar had a limited mintage due to various factors. It is estimated that around 1,758 coins were produced in 1794, and approximately 160,295 coins were minted in 1795. These low mintages, combined with the age of the coins, contribute to their rarity and high value today.

Flowing Hair Dollar design was short-lived, as it was soon replaced by the Draped Bust Dollar design in 1795. The Draped Bust Dollar featured a different depiction of Liberty with her hair tied in a ribbon or cap.

Due to their low mintages and historical significance, Flowing Hair Dollars are highly sought after by collectors. These coins are rare and can command high prices at auctions and in the numismatic market. The condition of the coin, known as its "grade," also significantly affects its value.

It's important to note that the Flowing Hair Dollar is a numismatic item and not intended for general circulation. These coins were primarily produced for diplomatic gifts and bullion reserves, and they remain an important part of American numismatic history.

Key Dates

The Flowing Hair Dollar has a relatively short production span, with key dates referring to the specific years in which significant mintages occurred. Here are the key dates associated with the Flowing Hair Dollar:

1794: The year 1794 saw the first official minting of the Flowing Hair Dollar. It is considered the inaugural year for this coin series. Only a limited number of approximately 1,758 coins were produced, making it a highly sought-after and valuable date among collectors.

1795: The Flowing Hair Dollar continued to be minted in 1795, extending the series for another year. In this year, a greater number of coins were produced compared to 1794, with an approximate mintage of 160,295 pieces. The 1795 Flowing Hair Dollars are more readily available compared to the scarce 1794 issues but are still highly prized by collectors.

These two dates, 1794 and 1795, represent the key years in which the Flowing Hair Dollar was minted. They mark the entirety of the series as the design was replaced by the Draped Bust Dollar in 1795. The limited mintage numbers for both years contribute to the rarity and desirability of these coins today.