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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.
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 United States trade dollar was a dollar coin minted by the United States Mint to compete with other large silver trade coins that were already popular in East Asia. The idea first came about in the 1860s, when the price of silver began to decline due to increased mining in the western United States .
The value of silver dollars can vary greatly, whether it’s the 1964 Kennedy half dollar or the 1922 silver dollar coin. And some rare specimens fetch astounding amounts at auctions.
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