Today you can own the TWELVE coin collection of America’s most fascinating and collectable coin issues with the Infamous US coins set. “While we will never know if it was the first struck, we do know that it is a special and finest known example of our nation’s first silver dollar! Measures have been taken pursuant to that resolution for procuring some of the most necessary artists, together with the requisite apparatus. [1] On January 28, 1791, Treasury Secretary Alexander Hamilton presented a report to Congress detailing the findings of a study he had conducted on the monetary system and the potential of a United States mint. [24] It was previously sold in 2010 for what was then a record sum of $7.85 million, to the Cardinal Collection Educational Foundation. The sale, by Legend Auctions, will be Oct. 8 at The Venetian Hotel in Las Vegas and online. Whether it’s the Coin of the Cowboys, the Mercury Dime, or even the first Half Dollar to feature a non-president, US coins have some of the most collectable stories attached to them. And you can almost certainly expect this trend to extend into the fall when the world’s most valuable coin, the 1794 “Flowing Hair” silver dollar, goes up for bid. There is no typical grade for a 1794 Flowing Hair dollar. The Flowing Hair dollar was the first dollar coin issued by the United States federal government. [18] It is believed that this was done to correct the weight of underweight planchets. Another 1794 silver dollar, graded 35 of 70, sold in January for $288,000, and one graded at 12 sold last year for $99,000, he said.
[13] The Columbian Centinel (Boston, MA) first wrote an article about the new dollar coins on November 26, 1794: Some of the new dollars now coining at the Mint of the United States have found their way to this town. In October 1795 the design was replaced by the Draped Bust dollar. A correspondent put one in into the editor's hands yesterday. Bruce Morelan and his 1794 “Flowing Hair” silver dollar [15] In an attempt to help circulate the coins, Rittenhouse spent many of the new coins and traded them for foreign coins to market the new products of the Mint. In an absolute sense, every surviving example is a treasure and would be the cornerstone of any collection.
Only 1,758 of these coins were struck, and according to the National Museum of American History, they were all minted on the same day. The coin is known as "Flowing Hair" dollar. Let us know in the comments below! "Now that my early American dollars collection is complete and nothing else can be added, I’ve decided it’s time for other collectors to enjoy these magnificent coins.”. "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. "If we could test its DNA, it would be incredible.". "You have to wonder who was there and who handled it," Sperber said.
Also read: Adolf Hitler's 'rumoured' alligator dies in Moscow. [17] The coins struck on May 8 may have borne a 1794 date,[8] however there is no document or evidence to support such a statement.
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