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The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. The design succeeded the Flowing Hair dollar, which began mintage in 1794 and was the first silver dollar struck by the United States Mint.
The new silver coins were to be struck in an alloy containing 1,485 parts out of 1,664 (about 89.24 percent) fine silver, with the remainder copper, intended to equal the silver in Spanish dollars. However, an assay of the Spanish dollars was in error—they were in fact 65/72 silver (about 90.28 percent) with the remainder copper.
There are three basic reverse designs. The first, for copper coins, features the value of the coin (half cent or one cent) surrounded by a wreath or vine. The words "UNITED STATES OF AMERICA" encircle the wreath. In 1795-1797, a scrawny, naturalistic bald eagle was depicted on the reverse side of all silver coins. This design is known as Draped ...
The production of large numbers of U.S. gold coins (The first $1 and $20 gold coins were minted in 1849) from the new California mines lowered the price of gold, thereby increasing the value of silver. By 1853, the value of a U.S. silver dollar contained in gold terms, $1.04 of silver, equal to $38.09 today.
The U.S. Mint plans to resurrect the 1794 dollar designs with a new 2024 American Liberty silver medal coin, according to a report last month from Coin World. The Commission of Fine Arts was ...
Flowing Hair coinage was issued in the United States between 1793 and 1795. The design was used for the first half dime , half dollar , dollar , and the first two large cents . [ 1 ] [ 2 ] [ 3 ]
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