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The 1794 Flowing Hair Silver Dollar

The 1794 Flowing Hair silver dollar has long been considered as one of the ultimate treasures in the realm of rare United States coinage. Mintage was a scant 1,758 pieces, using a single pair of dies. All were struck on October 15, 1794. Interestingly, researchers suggest that perhaps 2,000 silver dollars, or thereabouts, were coined, but approximately 242 pieces were rejected as not suitable for circulation and melted or recycled for use in the following year. Hence, a quantity of 1,758 reflects the net mintage. The surviving population has been estimated to be between 80 and 120 pieces, and the NGC and PCGS certified census, respectively around 22 and 70 pieces, upholds that estimate.


Silver Dollar 1794 PCGS 20
August 25 Teletrade Premier Auction


Robert Scot was the Engraver of America’s first silver coinage motifs. The Bank of Maryland provided the bullion, using foreign coinage taken in on deposit, melted and manufactured into planchets. The first Mint Director David Rittenhouse received the newly minted silver dollars for distribution. Although nearly all found their way into circulation, most were given to VIPs, rather than the general public. Several Mint State examples are known today, preserved as souvenirs.

Silver dollars are among the most actively collected coinage denominations, and are replete with important rarities. Of course, the 1804 Draped Bust type is a legendary date, with a value that is prohibitive to all but a few collectors. The forerunner of the Liberty Seated series, Gobrecht Pattern silver dollars, boasts a following of specialists. Within the Liberty Seated dollar series, the 1870-S and Carson City Mint issues from 1870 to 1873 elicit awe and excitement. The Morgan dollar series sports such great coins as the 1893-S and the Proof-only 1895, as well as, several important condition rarities. But none of these historic and rare coins stand as a bridge to numismatic history in the same way as the present offering, AMERICA'S FIRST SILVER DOLLAR emission.

The appearance of this classic monetary relic of early America is an event for advanced numismatists. Demand is multi-faceted. Examples are highly coveted by specialists in early silver dollars and are a necessary addition to any complete date collection. Collectors with eclectic interests and a penchant for great rarities are always on the lookout for this seldom-obtainable coin. The small surviving quantity does not satisfy the demand. Here is a wonderful opportunity to procure a pleasing specimen. Once sold, its equal may not be available again for years.





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