Flowing Hair dollar
Coin minted by the United States from 1794 to 1795 / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Flowing Hair dollar?
Summarize this article for a 10 year old
The Flowing Hair dollar was the first dollar coin issued by the United States federal government. The coin was minted in 1794 and 1795; its size and weight were based on the Spanish dollar, which was popular in trade throughout the Americas.
United States of America | |
Value | 1 Dollar United States dollar |
---|---|
Mass | 26.96 g (416 gr) |
Diameter | 39–40 mm (1.53–1.57 in) |
Edge | Lettered |
Composition | |
Years of minting | 1794–1795 |
Obverse | |
Design | Bust of Liberty |
Designer | Robert Scot |
Design date | 1794 |
Reverse | |
Design | Eagle surrounded by wreath |
Designer | Robert Scot |
Design date | 1794 |
In 1791, following a study by Alexander Hamilton, Congress passed a joint resolution calling for the establishment of a national mint. Later that year, in his third State of the Union address, President George Washington urged Congress to provide for a mint, which was officially authorized by the Coinage Act of 1792. Despite the authorization, silver and gold coins were not struck until 1794. The Flowing Hair dollar, designed by Robert Scot, was initially produced in 1794, and again in 1795. In October 1795 the design was replaced by the Draped Bust dollar.