Numismatic News

How the Silver Dollar Disappeared from America

The Flowing Hair dollars and the Draped Bust dollars of 1794 to 1795 are great rarities. In fact, the Draped Bust dollars of 1796 to 1803 are also quite rare. The total mintage of dollars from 1794 to 1803 was 1,446,196, while the estimated number of survivors is 26,020. That figure represents 1.8 percent of the total mintage.

Because of their rarity, these coins are quite expensive. But do you know why those coins are so rare? When reviewing articles and websites devoted to these coins, you will read about the design and production, mintages, prices and, of course, their rarity. But you will not discover why they are rare. However, if you read the rest of this article, then you will.

Minting the New U.S. Flowing Hair and Draped Bust Silver Dollars

Our story begins with Treasury Secretary Alexander Hamilton. It was

You’re reading a preview, subscribe to read more.

More from Numismatic News

Numismatic News1 min read
Silver Dollars Launch July 11
Silver dollar collectors will get a double dose when the 2024 uncirculated Morgan and Peace dollars become available July 11. The Morgan dollar was designed by Mint Chief Engraver George T. Morgan (1845-1925) and minted from 1878 to 1904 and again in
Numismatic News2 min read
San Francisco Area Hobbyist Passes Away
It was another weekly routine of checking the post office boxes for mail, and there it was: two recent Vallejo Numismatic Society’s Bulletins had been returned, with those infamous yellow “return to sender” labels. But, in large script, it was handwr
Numismatic News2 min read
Unc. Eagle Sales Begin
In the latest U.S. Mint sales report running through June 9, we see the release of three new products. The first, issued back on May 16, is the American Innovation dollar for the state of Maine, honoring Dr. Bernard Lown and his invention of the life

Related Books & Audiobooks