One of the first dollar coins that was made by the US Mint almost 200 years ago is now being auctioned as the owner feels it is 'time to move on'.
- Get the best deals on Flowing Hair Large Cents (1793-1796) when you shop the largest online selection at eBay.com. Free shipping on many items Browse your favorite brands affordable prices.
- The bottom line is that the 1795 Flowing Hair Dollars are the only ones available to all but the wealthiest collectors, and they thus are in great demand as type coins. Some 10 obverse dies were paired in various combinations with 11 reverses, and this resulted in a total of 19 die marriages.
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.
The silver dollar coin was stuck by the US Mint back in 1794. The coin is known as 'Flowing Hair' dollar. It features a portrait of Lady Liberty with long open hair on one side and an eagle on the other.
Bruce Morelan, who owns the rare 1794 silver dollar, feels it is time to let go of this precious collection and move on to next adventures. 'This is a dream coin -- a priceless artifact that I have been proud to own, and I'm very sorry to see it go,' he told a local media house.
Morelean got this coin in 2013 for nearly $10 million. However, he now feels that it is 'time to move on to other challenges and I hope that the new owner of the coin treasures it just as much as I have.'
Over 200 years ago when the United States Congress passed the Coinage Act of 1792 and established country's first national mint in Philadelphia, this was one of the first dollar coins that was produced.
'The Constitution had specified that the dollar was going to be the cornerstone of the US monetary system,' Douglas Mudd, the curator and director of the American Numismatic Association's Money Museum told local media house.
The mint started producing silver coins in 1794, but these silver coins were not for public use but were to be distributed as souvenirs to specific 'important' people of the society as a PR policy.
The 'Flowing Hair' figure of Liberty was inspired from Roman coins where female figures were used to represent freedom.
A total of 1,758 coins were produced, out of which 130-140 coins are still out in the world.
Flowing Hair Coins
The auction, which can have a low turnout due to the novel coronavirus pandemic, will be held at Legend Auctions on October 8 at The Venetian Hotel in Las Vegas.
Comments are closed.