The 1794 Flowing Hair dollars were the first official dollar coins minted by the US mint. These coins have value as numismatic coins. Keep reading to learn more about these silver coins.

1794 Flowing Hair Dollar

Specifications

Type: Flowing Hair Dollar
Year: 1794
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .7731 oz.
Total Weight: 26.96 grams
Current Silver Bullion Value: $13.99

The US minted the 1794 Flowing Hair dollar with no mint mark. Each coin was minted out of the Philadelphia mint.

Some of these silver dollars were weight-adjusted by the insertion of an 8mm silver plug. There is only one 1794 dollar with a silver plug known to exist.

Series Location Quantity Minted
1794 Philadelphia 1,758

Value

This coin in circulated condition is worth a lot more than its weight in silver. But just for reference, the silver melt value for this coin is $13.99 as of June 02, 2020. This melt value is calculated from the current silver spot price of $18.10 per ounce.

The 1794 Flowing Hair dollar is worth around $40,000 in about good condition. In good condition the value is around $67,500. In very fine condition the value is around $165,000. Uncirculated coins with a grade of MS 60 can sell for around one million dollars.

An uncirculated 1794 Flowing Hair dollar with a silver plug sold at auction in 2013 for $10,016,875. The coin had a grade of SP-66.

Grading System

About good- The coin can be identified.

Good- The date and letters are readable. The main designs are outlined but they lack detail.

Very fine- The center of Liberty's hair has some visible detail.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

 

Sources:

The Red Book


See also:

1795 Flowing Hair Dollar
1795 Draped Bust Silver Dollar