Sunday, September 23, 2012

The first silver dollar U.S.


   The first one-dollar U.S. coins - silver U.S. coins in denominations of $ 1, minted from 1794 to 1804 years. There are 2 types, both obverse and reverse of the coins. The dollar in 1804 a special story. He is one of the most expensive coins in the world. In 2008, one of the 15 existing dollars in 1804 was sold for $ 3.725 million.

    Dollar with the image of Liberty with flowing hair (born Flowing Hair Dollar) is the first silver coins in denominations of U.S. $ 1. Minted in 1794 and 1795 at the Mint in Philadelphia. Just 2 years was released just over 162 thousand coins.
   The obverse and reverse of the coin were prepared engraver Robert Scott (born Robert Scot).
Coin's obverse contains a picture of a woman with her hair, which symbolizes freedom. The bust is the inscription «LIBERTY», and on the sides of 15 six-pointed stars (the number of states at the time of issue) - 8 on the left and 7 on the right.

    In the center of the reverse is the bald eagle - the heraldic symbol USA. Eagle in the center of a wreath of olive branches. The bust is made semicircular inscription «UNITED STATES OF AMERICA».
   Denomination of the coin is displayed on its Edge «HUNDRED CENTS ONE DOLLAR OR UNIT».
The coin had a small print run. In 1794, came into circulation coins in 1758, of which up to now have lived no more than 200. Initially, in 1794, 2,000 coins minted, of which 242 were immediately destroyed, as were the poor quality of the remaining donated to members of Congress, the Senate, and other officials. In 1795, 160,295 coins minted.

  Dollar featuring draped bust of Liberty on the obverse (Draped Bust Dollar) has several types. In the years 1795-1798 were minted coins, the reverse of which is repeated backwards dollar predecessor - the dollar with a picture of Liberty with flowing hair. In the years 1798-1804 has been struck dollar, on the reverse of which was an image of the Great Seal of the United States - the bald eagle.
All coins were minted at the Philadelphia Mint.

 
   The obverse features the image of Liberty. As a model for the image was taken by a portrait of Anna Wheeling Binh (born Ann Willing Bingham), considered one of the most beautiful women in the United States, the famous artist Gilbert Stewart.

 The coin has two main types. At the same time, there are also several subtypes. In the years around the image on the obverse Liberty has 15 stars (the number of states in 1795.) After becoming a part of the U.S. 16th Tennessee and the previous generation dies, the coin was minted with 13 stars (the number of the first 13 states).
  For all the time it was released about 450 000 coins type 1 (1795-1798 years), of which up to now has reached no more than 3%.
  Since 1798 the dollar was minted with a new reverse. The reverse side of the coin generally repeats the image of bald eagles in the Great Seal of the United States. There are several types of coins of this type:

    • In early 1798 13 stars arranged in such a way as on the Great Seal - forming a hexagon. Subsequently, the stars are in 3 rows - in the top 5, an average of 6 and one on each side of the eagle's head
   In 1799, the stamp was created, which by mistake instead of 13 stars were 15. The mistake was spotted in time, but the stamp can not be undone completely, but only increased the size of the clouds so that they closed the two "extra" star
   In 1800, as was mistakenly created a stamp containing additional letter A to the word «AMERICA». This can also been seen in time, but not completely eliminated - only the right half of the letter did not get the coins. The result was «AMERICAI»-kind.

  
 During the 1795 to 1804 years coin type «Proof» not minted. In the period from 1834 to 1852 years, released a matter of coins «Proof» for certain collectors.
  Around the time of use along with the Spanish dollar (equivalent to R $ 8). Spanish dollar was widely circulated in the Spanish, British and French colonies and the United States. Spanish 8 reales had the advantage, but it was more widespread and have a greater amount of pure silver (25,56 vs 24,1 g).
In this regard, the U.S. dollar is not in great demand. In 1804, their coinage was discontinued more than 30 years.

    Dollar in 1804 has a special story, so that was one of the most valuable coins in the world. At auction in 2001, 2008 and 2009, the U.S. dollar in 1804 was sold for more than $ 4 million (along with several other coins), $ 3,735,500 and $ 2,300,000, respectively.  In 1804, 19,750 were minted silver dollars. The peculiarity of this issue was that the stamp was used in 1803. Thus, all of the outstanding 1804 silver dollars were dated 1803 year. After that, more than 30 years, coins of 1 dollar is not issued.  In 1834, during the presidency of Andrew Jackson, decided to release a few gift sets for the rulers of the Asian states. It was assumed that the set will include all of the coins that are in use in the U.S.. Last time at the moment Coin 1 dollar minted in 1804. Engravers did not consider that these coins were dated 1803 year. The result is the dollar stamps, dated 1804. Only in 1834 was released in 1804 $ 8 quality «Proof». Of these, one was presented as a gift to the Sultan of Oman, one - the King of Siam Rama III. One coin was left in the collection of the U.S. Mint, and the other five went to the world after the death of the road under mysterious circumstances after Edmund Roberts in his luggage and find these coins.  After the death of the King of Siam Rama III, was succeeded by his brother, known as Rama IV. He presented a set of U.S. coins Englishwoman Anna Leonuens. In 2001, the entire set of these coins sold anonymous collector for more than $ 4 million.  In the period from 1858 to 1860 by Theodore Ekfeldt for collectors at the mint was minted small series in 1804 dollars. Illegal coins were to be destroyed, but the seven coins still exist, increasing the number of "1804 dollars" to fifteen. Of these fifteen - two are in the collections of the Smithsonian Institution, and one was sold in 2008 for 3 million 735 thousand 500 dollars.

1 comment:

  1. With BullionVault you can acquire physical bullion bars at current spot prices.

    Your gold and silver may be kept at one of 5 secured global vaults. And you may trade it online or withdraw physical bars.

    ReplyDelete