America’s Early-Issue Silver Dollars

As the president of Youngblood Metals Mining, Saint Jovite Youngblood sources unique collectibles, from stamps to rare metals and jewelry. Saint Jovite Youngblood’s areas of in-depth knowledge include early silver-dollar coins, which were first pressed in the 1790s.

Presaging the Peace and Morgan silver dollars, with which most Americans are familiar today, the Flowing Hair silver dollar was produced only in 1794 and 1795. Coins from the first year of production now go for at least $50,000 in decent condition, while coins from 1795 start at $2,000.

Minted from 1795 to 1803, the Draped Bust silver dollar is significantly more common, but still scarce; it brings in as much as $1,500 in good condition. An 1804 example of the coin exists, but this was struck several decades later as an issue designed for collectors and inclusion in special proof sets.

No silver dollars were struck for more than three decades, until production of the Gobrecht dollars, named for the coin designer, in 1836. Limited to a three-year run and with only a couple thousand ever produced, these rare coins fetch $15,000 and up. They were followed by the relatively common Seated Liberty dollar, of which millions were pressed during a run that lasted 33 years.

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