The 1794 Flowing Hair Dollar holds a special place in American numismatic history as the first official silver dollar struck by the United States Mint.
Designed by Robert Scot, the coin features a portrait of Lady Liberty on the obverse (front) with flowing hair and facing to the right. The reverse (back) depicts a small eagle surrounded by a wreath.
These coins were minted at the Philadelphia Mint in 1794 and 1795. The production process was challenging, as the Mint was still establishing itself, and the technology of the time was not as advanced as it is today. As a result, the quality of the striking varies among specimens.
The 1794 Flowing Hair Dollar is highly sought after by collectors due to its historical significance as the first dollar coin issued by the United States.
However, its rarity and the relatively low survival rate further contribute to its desirability among numismatists.
While not as valuable as some other rare coins, such as the 1804 Silver Dollar or the 1913 Liberty Head Nickel, the 1794 Flowing Hair Dollar still commands high prices at auction, particularly for well-preserved specimens.