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The dollar coin is a United States coin with a face value of one United States dollar. Dollar coins have been minted in the United States in gold , silver , and base metal versions. Dollar coins were first minted in the United States in 1794.
The Quarter-Dollar, Half-Dollar and Dollar coins were issued in the copper 91.67% nickel 8.33% composition for general circulation and the Government issued six-coin Proof Set. A special three-coin set of 40% silver coins were also issued by the U.S. Mint in both Uncirculated and Proof.
The Flowing Hair dollar was the first dollar coin issued by the United States federal government. The coin was minted in 1794 and 1795; its size and weight were based on the Spanish dollar , which was popular in trade throughout the Americas.
Among the first coins minted there — maybe the very first — was a 1794 “Flowing Hair” Silver Dollar that today is worth roughly the equivalent of a 7-bedroom, 7-bath, 6,700-square-foot ...
The result of this revaluation, which was the first devaluation of the U.S. dollar, was that the value in gold of the dollar was reduced by 6%. Moreover, for a time, both gold and silver coins were useful in commerce. In 1853, the weights of U.S. silver coins (except the dollar itself, which was rarely used) were reduced.
The currency of the American colonies, 1700–1764: a study in colonial finance and imperial relations. Dissertations in American economic history. New York: Arno Press, 1975. ISBN 0-405-07257-0. Ernst, Joseph Albert. Money and politics in America, 1755–1775: a study in the Currency act of 1764 and the political economy of revolution. Chapel ...