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Author: Admin | 2025-04-28
Is a symbol of the Great Depression and the history of American coinage.Mint year:1933Original value: $20Current value: $18.9 million1794 Flowing Hair DollarThe Flowing Hair dollar has the distinction of being the first dollar coin issued by the U.S. federal government. This coin, minted in 1794 and 1795, had its size and weight patterned after the Spanish dollar, a coin widely used in trade across the Americas.The story of the Flowing Hair dollar starts in 1791, when a study by Alexander Hamilton prompted Congress to pass a joint resolution for the creation of a national mint. In the same year, President George Washington, in his third State of the Union address, advocated for a mint which was officially sanctioned by the Coinage Act of 1792. However, silver and gold coins weren’t minted until 1794. The Flowing Hair dollar, a design of Robert Scot, was first minted in 1794, and once again in 1795. By October 1795, the Flowing Hair dollar was replaced by the Draped Bust dollar design.Only 1,758 1794 Flowing Hair Dollars were minted, and they are now some of the most valuable coins in the world. In 2013, the finest known example of the 1794 Flowing Hair Dollar was sold at auction for $10,016,875, setting a record for the highest price ever paid for a coin. Mint year:1794Original value: $1Current value: $12 million1787 Brasher DoubloonIn 1787, Ephraim Brasher, a skilled goldsmith and silversmith, proposed a petition to the State of New York for minting copper coins. However, the state declined his proposal, choosing not to venture into copper coinage. Brasher was a well-respected craftsman, and his hallmark was well-esteemed across the United States. He marked not only his own coins but also other coins sent to him for assay proofing. Over the following years, Brasher minted several copper coins
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