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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.
In 1798, the small eagle was replaced by the Heraldic eagle. This design is known as Draped Bust, Heraldic Eagle. The famous 1804 silver dollar has this design as well the reverse of the Kennedy half dollar in 1964. Three denominations also bore the appropriate fraction: half cent (1/200), large cent (1/100) and half dollar (1/2).
The American trade dollar therefore had to contain more silver, at 420 grains of 90% fine silver, fine content 378.0 grains (24.49 g), or 0.44 g more fine silver than the regular circulation Seated Liberty Dollars and Morgan Dollars. Most trade dollars ended up in China during their first two years of production, where they were very successful.
As the first silver dollar issued by the United States, its rarity and historical significance make it a highly sought-after piece among collectors. 1804 Draped Bust Original — Class I.
The $10 million Flowing Hair Silver Dollar was due to go on sale again in 2020, but there are no reports that it has fetched more than $10 million. ... The U.S. Mint plans to resurrect the 1794 ...
A pattern for the Flowing Hair dollar, struck in copper without the obverse stars of the circulating issues. Early in 1794, engraver Robert Scot began preparing designs for the silver dollar. [11] Scot's initial design depicted a bust of Liberty, while his reverse featured an eagle, both required by the 1792 Coinage Act. [10]
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