Flowing Hair Dollar
F12 1795 Flowing Hair Half Dollar - Overton 117 - Graded PCGS.7995. Flowing Hair Dollar (1794-1795) Shop at: APMEX David Lawrence L&C Coins Collectors Corner eBay U.S. Prices in USD Change. USD $ GBP £ EUR € CNY ¥ JPY ¥.
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.
1794 Flowing Hair Dollar Copy
Want to join CoinTrackers and Track Your Coins 100% FREE?
More of the Same
All US Dollar Coins
- *list does not count the newer Presidential Dollars
Most Valuable Coins by Type...
[Top of Page]
**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.
[Top of Page]
***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.
We use user submitted pictures please read that article if you are interested in adding your own.
[Top of Page]
- 1794 Flowing Hair Silver Dollar
Coin Info
Flowing Hair Dollar 1799 Silver
The 1794 Flowing Hair silver dollar goes down in history as being the very first official dollar coins the United States federal government ever issued as legal-tender federal money. Designed by Robert Scot, the 1794 Flowing Hair dollar is the coin that began the American tradition of silver dollars, even though it was, in concept, based on other large-size silver coins from other world governments. Of particular inspiration behind the dollar coin are the Austrian silver Thaler and the Spanish dollar, the latter otherwise known as the 8 Real coin, or Pieces of Eight.
When the 1794 silver dollar was first struck, the United States Mint was still in its infancy, having just been federally established by the Coinage Act of 1792. The U.S. Mint had only just begun striking official federal coinage in 1793 with the production of the copper half cent and large cent. By 1794, the U.S. Mint commenced striking silver coinage, with the silver dollar among these issues.
The first silver dollars were minted in very small quantities. The 1794 dollar saw the very smallest of all early dollar mintages, with just 1,758 pieces struck. Believed to be the very first dollar coin ever minted is a Specimen-66 example that sold for more than $10 million in 2013.
Indeed, all 1794 dollars are very scarce, and perhaps less than 150 exist today. Not all cost $10 million. In fact, the average price for a 1794 dollar that grades Fine-12 is $150,000. That's certainly not cheap, but even with its six-figure weight the price is still lower than the $10 million paid for the 1794 dollar that many theorize was inspected by George Washington, Alexander Hamilton, and first U.S. Mint Director David Rittenhouse.
Coin collectors should be wary of buying any and all 1794 silver dollars that aren't certified by a reputable third-party coin authentication company. Many more counterfeit 1794 dollars exist than do real specimens, and genuine examples are challenging to come by. Collectors should be wary of any deals that seem too good to be true, and even when being offered a 1794 dollar that seems in line with pricing trends, buyers should still insist on buying the coin slabbed, not raw.
Those who have or plan to buy 1794 dollar coins should be proud of their numismatic acquisitions. After all, the 1794 dollar is the very first among all U.S. dollars, preceding federal paper dollar currency by several decades. The 1794 dollar is truly the 'dollar that started it all'!