1795 Silver Dollar
Draped Bust Dollars were the second type of silver dollars minted in the United States. The coins would be struck with dates from 1795 to 1803, featuring two different reverse designs. In 1804 production of the denomination was halted, only to make an unusual come back in 1834 when the famous 1804 Silver Dollars were minted. These coins represent one of the foremost rarities in American numismatics. Without a doubt, this is a fascinating series, very important to the history of the young nation.
The Coinage Act of 1792 authorized the striking of the dollar as the largest silver denomination for America. Like the previous series, the new Draped Bust design was created by Robert Scot, the first Chief Engraver of the United States Mint. The same design would be featured on the remaining silver denominations of the era and now provides a familiar image for many collectors of early American coinage.
- The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. The design succeeded the Flowing Hair dollar, which began mintage in 1794 and was the first silver dollar struck by the United States Mint.
- Current silver melt value. for a 1795 No mint mark is $20.48 and this price is based off the current silver spot price of $26.48 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value. Want to join CoinTrackers and Track Your Coins 100% FREE? More of the Same 1794 Flowing Hair Dollar.
The obverse of the Draped Bust Silver Dollar features the head of Liberty, facing right, with the word LIBERTY above and the date below. The bust is draped, hence the name given to this design in the 19th century, which still remains in use. An arrangement of stars appears in front of and behind Liberty, representing the states in the Union. During the series, the number of stars varied from 15 to 16 to 13, as did the arrangement on some of the 1797 silver dollars. Initially, stars were added to the design as more states joined the union, but it was soon decided that the Mint could not add stars indefinitely. As such, in 1798 the number of stars reverted to 13, representing the original thirteen original states.
The reverse of the issues dated 1795 to 1798 was based on earlier work by Scot, which had appeared on the half dimes, half dollars and silver dollars of 1794 and 1795. It features an eagle in the center, encircled by a wreath with the top open by a slim margin. The eagle is seen standing on clouds, just above a ribbon which holds the wreath together. The words UNITED STATES OF AMERICA appear surrounding. No indication of denomination is given, rather this is included on edge lettering of the coin reading HUNDRED CENTS ONE DOLLAR OR UNIT. This is referred to as the “small eagle” reverse.
1795 Silver Dollar Coin Worth
1795 Silver Dollar Draped Bust
In 1798 a new reverse design would be introduced for the Draped Bust Dollar, as well as all other silver coinage. This reverse featured a heraldic eagle, with its wings and claws spread and a shield at its chest. The eagle’s talons grasp a bundle of arrows and an olive branch, while its beak holds a ribbon with the inscription E PLURIBUS UNUM. An arrangement of clouds and thirteen stars appear above the eagle, with the words UNITED STATES OF AMERICA surrounding.
Draped Bust Dollars were the second type of silver dollars minted in the United States. The coins would be struck with dates from 1795 to 1803, featuring two different reverse designs. In 1804 production of the denomination was halted, only to make an unusual come back in 1834 when the famous 1804 Silver Dollars were minted. 1795 2 Leaves Flowing Hair Silver Dollar Coin B-1, BB-21 PCGS VF Details. Seller: Bonanza Coins Posted: 01/28/21. 20: 1795 $1 2 Leaves VF20 PCGS. The Flowing Hair Dollar represents the very first silver dollar and the largest silver denomination minted in the United States. The coins were produced for just two years from 1794 to 1795 at the Philadelphia Mint. The 1794 is a famous rarity and one of the keys to a complete set of silver dollars, while the 1795 relatively more available.
Production of this second subtype known as the “heraldic eagle” reverse would continue until 1804. During that year, production consisted of coins from dies dated 1803 or even 1802. This was common at the early Mint, as it saved money to use dies as long as possible, and nobody was bothered much by the date that appeared on the coins. Silver dollars carrying the 1804 date would be produced in 1834 and subsequent years, and come to represent one of the great rarities of American numismatics.
Silver dollars are extremely popular with collectors. They are large, heavy, and impressive coins to hold in your hand. The US doesn’t make any coin nearly as impactful or cherished as the old silver dollars that used to be a part of everyday life many decades ago. Our guide covers silver dollar coins issued by The United States from 1794 up until 1935. We have information and value data for one dollar coins worth anywhere from $15 to $10,000,000, and just about every price point in between. You will learn how the condition (aka grade) of a coin greatly affects its value and desirability. You will also learn how mintmarks and other small variations can make two seemingly similar coins be worth vastly different amounts.
Liberty 1795 Silver Dollar Value
If you are looking to sell silver dollars then it will be important to determine if you have a desirable collector coin or if most of the value is based in the coin’s bullion value derived from its silver content. As a quick tip, most Morgan and Peace dollars from 1878 and newer will be worth just a small premium over their silver value. However, never make the mistake of selling a dollar coin from 1877 or older just for silver. Those types of coins always have a collector value.