361:. Upon assuming his duties at the Mint on October 28, Boudinot was informed of the silver standard that had been used since the first official silver coins were struck. He immediately ordered that this practice be ceased and that coinage would begin in the 89.2% fineness approved by the Coinage Act of 1792. The total production of 1795 dollars (including both the Flowing Hair and Draped Bust types) totalled 203,033. It is estimated that approximately 42,000 dollars were struck bearing the Draped Bust design. Boudinot soon ordered that production of minor denominations be increased. Later, assayer Albian Cox died suddenly from a stroke in his home on November 27, 1795, leaving the vital post of assayer vacant. This, together with Boudinot's increased focus on smaller denominations, as well as a lull in private bullion deposits (the fledgling Mint's only source of bullion), caused a decrease in silver dollar production in 1796. The total mintage for 1796 was 79,920, which amounts to an approximate 62% reduction from the previous year's total.
1020:
449:(who had worked at the Mint since its opening in 1792), Moore determined that the last silver dollars struck were dated 1804. Unknown to either of them, the last production in March 1804 was actually dated 1803. Since they believed that the last striking was dated 1804, it was decided to strike the presentation pieces with that date as well. It is unknown why the current date was not used, but R.W. Julian suggests that this was done to prevent coin collectors from being angered over the fact that they would be unable to obtain the newly dated coins.
346:
in
October. In September 1795, de Saussure wrote his resignation letter to President Washington. In his letter, de Saussure mentioned the unauthorized silver standard and suggested that Congress be urged to make the standard official, but this was not done. In response to de Saussure's letter, Washington expressed his displeasure in the resignation, stating that he had viewed de Saussure's tenure with "entire satisfaction". As de Saussure's resignation would not take effect until October, the president was given time to select a replacement.
391:
41,650 in 1802, after
Boudinot was able to convince many depositors to accept their silver in the form of small denominations. Although silver bullion deposits at the Mint had increased, Boudinot attempted to end silver dollar production in 1803, favoring half dollars instead. Mintage of the 1803 dollar continued until March 1804, when production of silver dollars ceased entirely. In total, 85,634 dollars dated 1803 were struck. Following a formal request from the Bank of the United States, Secretary of State
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contemporary artist as a "thorough-going drudge" due to his willingness to carry out most painting or sculptural tasks at the request of clients, was paid thirty dollars for his work preparing models for both the obverse
Liberty and reverse eagle and wreath. After the plaster models were created, the engravers of the Philadelphia Mint (including Scot) began creating hubs that would be used to make dies for the new coins.
350:
382:. The agreement reached with the Bank of the United States along with other bullion depositors (including Boudinot) led to an increase in the number of silver dollars coined; mintage for both the small and heraldic eagle types totalled 327,536. Mintage numbers for the dollar remained high through 1799, with 423,515 struck that year.
166:
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By the end of the 19th century, the 1804 dollar had become the most famous and widely discussed of all
American coins. In 1867, one of the original 1804 dollars was sold at auction for $ 750 ($ 16,350 today). Seven years later, on November 27, 1874, a specimen sold for $ 700 ($ 18,851 today). In
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epidemic in
Philadelphia; that year's epidemic took the life of the Mint's treasurer, Dr. Nicholas Way. In November 1797, the Bank deposited approximately $ 30,000 worth of French silver. In early 1798, the reverse was changed from the small, perched eagle to a heraldic eagle similar to that depicted
280:
consisting of 89.2% silver and 10.8% copper. However, Mint officials were reluctant to strike coins with the unusual fineness, so it was decided to strike them in an unauthorized alloy of 90% silver instead. This caused depositors of silver to lose money when their metal was coined. During the second
228:
ordered that the legal fineness of 0.892 (89.2%) silver be used for the dollar rather than the unauthorized fineness of 0.900 (90%) silver that had been used since the denomination was first minted in 1794. Due largely to a decrease in the amount of silver deposited at the
Philadelphia Mint, coinage
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Toward the end of the 18th century, many of the silver dollars produced by the Mint were shipped to and circulated or melted in China in order to satisfy the great demand for silver bullion in that nation. In 1800, silver deposits once again began to decline, and the total silver dollar output
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It is unknown exactly when production of the new design began, as precise records relating to design were not kept at that time. R.W. Julian, however, places the beginning of production in either late
September or early October 1795, while Taxay asserts that the first new silver dollars were struck
336:
After approval was received, the designs were sent to artist John
Eckstein to be rendered into plaster models; during that time, plaster models were used as a guide to cutting the dies, which was done by hand. Eckstein, who was dismissed by Walter Breen as a "local artistic hack" and described by a
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of the coins. In May 1843, numismatist
Matthew A. Stickney was able to obtain an 1804 dollar from the Mint's coin cabinet by trading a rare pre-federal United States gold coin. Due to an increase in the demand for rare coins, Mint officials, including Director Snowden, began minting an increasing
509:
number of coin restrikes in the 1850s. Several 1804 dollars were struck, and some were sold for personal profit on the part of Mint officials. When he discovered this, Snowden bought back several of the coins. One such coin, which
Snowden later added to the Mint cabinet, was struck over an 1857
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regarding the lack of small change in circulation, Boudinot began requesting that silver depositors receive smaller denominations rather than the routinely requested silver dollars, in an effort to supply the nation with more small change. Production dropped to 54,454 silver dollars in 1801 and
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Bullion deposits continued to decline, and in 1797, silver dollar production reached the lowest point since 1794 with a mintage of just 7,776 pieces. During this time, silver deposits declined to such an extent that Thomas Jefferson personally deposited 300
460:, so two additional sets were struck. The pieces struck under the auspices of the Mint are known as Class I 1804 dollars, and eight of that type are known to exist today. Roberts left for his trip in April 1835, and he presented one set each to the
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began researching the early history of the United States Mint and its coinage in the 1850s, during which time he interviewed descendants of Stuart who claimed that their ancestor was the designer. It has been suggested that Philadelphia socialite
445:. The State Department ordered two sets of "specimens of each kind now in use, whether of gold, silver, or copper". Though the minting of dollars had been approved in 1831, none had been struck since 1804. After consulting with Chief Coiner
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on July 9, 1795, may have suggested it, as he had stated a redesign of the American coinage as one of his goals before taking office. It is also possible that the Flowing Hair design was discontinued owing to much public disapproval.
373:. The Bank agreed to supply the Mint with foreign silver on the condition that the Bank would receive their deposits back in silver dollars. The Mint was closed between August and November 1797 due to the annual
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began marketing the 1804 dollar as the "King of American Coins". The coins continued to gain popularity throughout the 20th century, and the price reached an all-time high in 1999, when an example
240:. Officials mistakenly believed that dollars had last been minted with the date 1804, prompting them to use that date rather than the date in which the coins were actually struck. A limited number of
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of silver dollars declined throughout the latter years of the 18th century. In 1804, coinage of silver dollars was halted; the last date used during regular mint production was 1803.
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and became known as Class II, the only such piece of that type known to exist today. Six pieces with edge lettering applied after striking became known as Class III dollars.
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year of production of the Flowing Hair dollar, it was decided that the denomination would be redesigned. It is unknown what prompted this change or who suggested it, though
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The first two 1804 dollars (as well as the other coins for the sets) were struck in November 1834. Soon, Roberts' trip was expanded to
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500:. In the volume, several coins from the Mint's coin cabinet, including an 1804 dollar, were reproduced by tracing a
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Henry William de Saussure was Director of the Mint when production began on the Draped Bust dollar.
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minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. The design succeeded the
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to once again allow the coinage of silver dollars; the request was approved on April 18. In 1834,
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was selected as an American commercial representative to Asia, including the kingdoms of
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for that year was 220,920. In 1801, following complaints from the public and members of
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posed as the model for the coin. Several sketches were approved by Mint engraver
498:
A Manual of Gold and Silver Coins of All Nations, Struck Within the Past Century
210:. The designer is unknown, though the distinction is usually credited to artist
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in June 1797. In April 1797, an agreement was reached between the Mint and the
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Elias Boudinot assumed his duties as Director of the Mint on October 28, 1795.
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392:
1098:(reprint ed.). New York, NY: Sanford J. Durst Numismatic Publications.
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The person chosen to fill the position was statesman and former congressman
206:, which began mintage in 1794 and was the first silver dollar struck by the
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were struck by the Mint in later years, and they remain rare and valuable.
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production in 1806, although minting of both had ended two years earlier.
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496:(son of Adam Eckfeldt) and William E. Du Bois published a book entitled
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In 1834, silver dollar production was temporarily restarted to supply a
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Most coin collectors became aware of the 1804 dollar in 1842, when
477:
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1119:. New York, NY: The Heroes of the Revolution Publishing Company.
1054:
Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins
306:
is widely acknowledged to have been its creator; Mint Director
80:
74:
468:. The gift to the Sultan of Muscat was part of an exchange of
481:
457:
441:. Roberts recommended that the dignitaries be given a set of
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1116:
The Heroes of the American Revolution and Their Descendants
1079:. Wolfeboro, New Hampshire: Bowers and Merena Galleries.
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268:, in 1794 following the construction and staffing of the
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with a full-grown lion and lioness. Roberts fell ill in
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Silver Dollars & Trade Dollars of the United States
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filed a request through the Treasury asking president
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302:Though the designer of the coin is unknown, artist
1135:(63rd ed.). Atlanta, GA: Whitman Publishing.
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16:United States dollar coin minted from 1795 to 1803
276:called for the silver coinage to be struck in an
2060:
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526:Proof-68 was sold at auction for $ 4,140,000.
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472:that resulted in the Sultan presenting the
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1542:America the Beautiful silver bullion coins
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517:the early 20th century, coin dealer
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395:officially suspended silver dollar and
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1548:American Liberty high relief gold coin
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285:historian R.W. Julian speculates that
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214:. The model is also unknown, though
2041:Citizens Coinage Advisory Committee
1131:A Guide Book of United States Coins
13:
1980:Counterfeit United States currency
1637:United States currency and coinage
14:
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221:In October 1795, newly appointed
1724:Bureau of Engraving and Printing
1164:Dollar Coin of the United States
1032:
1018:
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380:Great Seal of the United States
2046:Promotional fake denominations
1990:National Numismatic Collection
1930:Black Eagle Silver Certificate
1790:America the Beautiful (silver)
236:to Asia with a special set of
1:
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1221:Coinage of the United States
319:and de Saussure and sent to
7:
2074:Goddess of Liberty on coins
1056:. New York, NY: Doubleday.
262:United States silver dollar
260:Coinage began on the first
10:
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2079:United States dollar coins
1882:Discontinued denominations
456:(then known as Annam) and
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1113:Whittmore, Henry (1897).
1096:The U.S. Mint and Coinage
371:Bank of the United States
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287:Henry William de Saussure
200:United States dollar coin
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1820:American Palladium Eagle
333:to gain their approval.
1955:Continental dollar coin
1825:American Liberty (gold)
1815:American Platinum Eagle
1805:American Buffalo (gold)
421:In 1831, Mint Director
1975:Canceled denominations
1970:Obsolete denominations
1655:Federal Reserve System
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1950:Continental banknotes
1795:American Silver Eagle
1071:Julian, R.W. (1993).
417:A Class I 1804 dollar
416:
352:
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2031:Replacement banknote
1925:Bicentennial coinage
1660:Federal Reserve Note
1591:(1976, 1992–present)
1094:Taxay, Don (1983) .
1040:United States portal
291:Director of the Mint
218:has been suggested.
2020:Novus ordo seclorum
1965:Large denominations
1835:Current paper money
1810:First Spouse (gold)
1800:American Gold Eagle
1530:First Spouse (gold)
1173:Flowing Hair Dollar
1157:Flowing Hair Dollar
700:, pp. 207–208.
313:Ann Willing Bingham
274:Coinage Act of 1792
266:Flowing Hair dollar
216:Ann Willing Bingham
204:Flowing Hair dollar
21:
2069:1795 introductions
1945:Confederate dollar
1729:Mutilated currency
1026:Numismatics portal
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328:Secretary of State
308:James Ross Snowden
258:
234:diplomatic mission
208:United States Mint
196:Draped Bust dollar
19:
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1767:Half dollar (50¢)
1604:
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1532:(2007–2016; 2020)
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1179:Succeeded by
1142:978-0-7948-2767-0
1105:978-0-915262-68-7
1063:978-0-385-14207-6
494:Jacob R. Eckfeldt
480:and was taken to
324:George Washington
270:Philadelphia Mint
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1935:Brasher Doubloon
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331:Thomas Jefferson
289:, who was named
180:in heraldic form
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2006:E pluribus unum
2000:In God We Trust
1995:Coin production
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1121:
1110:
1104:
1091:
1085:
1068:
1062:
1045:
1044:
1043:
1029:
1015:
999:
996:
994:
993:
991:, p. 481.
981:
979:, p. 479.
966:
964:, p. 465.
954:
952:, p. 435.
935:
933:, p. 434.
910:
908:, p. 211.
893:
891:, p. 431.
878:
876:, p. 433.
851:
849:, p. 432.
839:
837:, p. 431.
827:
812:
800:
798:, p. 210.
779:
777:, p. 209.
767:
765:, p. 123.
755:
734:
719:
717:, p. 208.
702:
690:
686:Whittmore 1897
678:
655:
653:, p. 107.
643:
641:, p. 106.
631:
629:, p. 425.
619:
592:
590:, p. 219.
580:
561:
546:
533:
531:
528:
489:
486:
474:Washington Zoo
431:Edmund Roberts
427:Andrew Jackson
407:Main article:
404:
401:
359:Elias Boudinot
342:
339:
304:Gilbert Stuart
299:
296:
249:
246:
226:Elias Boudinot
212:Gilbert Stuart
190:
189:
186:
182:
181:
174:
170:
169:
161:
160:
157:
153:
152:
146:
142:
141:
133:
132:
128:
127:
124:
120:
119:
113:
109:
108:
100:
99:
95:
94:
91:
87:
86:
84:
83:
77:
70:
68:
64:
63:
60:
56:
55:
52:
48:
47:
44:
40:
39:
33:
29:
28:
25:
15:
9:
6:
4:
3:
2:
2101:
2090:
2087:
2085:
2082:
2080:
2077:
2075:
2072:
2070:
2067:
2066:
2064:
2057:
2047:
2044:
2042:
2039:
2037:
2034:
2032:
2029:
2027:
2024:
2022:
2021:
2017:
2015:
2014:
2013:Annuit cœptis
2010:
2008:
2007:
2003:
2001:
1998:
1996:
1993:
1991:
1988:
1986:
1983:
1981:
1978:
1976:
1973:
1971:
1968:
1966:
1963:
1961:
1958:
1956:
1953:
1951:
1948:
1946:
1943:
1941:
1938:
1936:
1933:
1931:
1928:
1926:
1923:
1922:
1920:
1916:
1910:
1907:
1905:
1902:
1900:
1897:
1895:
1892:
1890:
1887:
1886:
1884:
1880:
1874:
1871:
1869:
1866:
1864:
1861:
1859:
1856:
1854:
1851:
1849:
1846:
1844:
1841:
1840:
1838:
1836:
1832:
1826:
1823:
1821:
1818:
1816:
1813:
1811:
1808:
1806:
1803:
1801:
1798:
1796:
1793:
1791:
1788:
1787:
1785:
1783:
1779:
1773:
1770:
1768:
1765:
1763:
1762:Quarter (25¢)
1760:
1758:
1755:
1753:
1750:
1748:
1745:
1744:
1742:
1740:
1736:
1730:
1727:
1725:
1722:
1718:
1717:
1713:
1711:
1708:
1706:
1703:
1701:
1698:
1696:
1693:
1691:
1688:
1686:
1683:
1681:
1680:San Francisco
1678:
1676:
1673:
1671:
1668:
1667:
1666:
1663:
1661:
1658:
1656:
1653:
1651:
1648:
1647:
1645:
1641:
1632:
1627:
1625:
1620:
1618:
1613:
1612:
1609:
1596:
1593:
1590:
1587:
1584:
1581:
1578:
1575:
1572:
1569:
1566:
1563:
1562:
1560:
1556:
1549:
1546:
1543:
1540:
1537:
1534:
1531:
1528:
1525:
1522:
1519:
1516:
1513:
1510:
1507:
1504:
1503:
1501:
1499:
1495:
1489:
1486:
1484:
1481:
1479:
1476:
1474:
1471:
1469:
1466:
1464:
1461:
1459:
1456:
1454:
1451:
1449:
1446:
1444:
1441:
1439:
1436:
1434:
1431:
1429:
1426:
1425:
1423:
1421:
1420:Commemorative
1417:
1411:
1408:
1406:
1403:
1401:
1398:
1396:
1393:
1391:
1388:
1386:
1370:
1368:
1365:
1364:
1362:
1360:
1356:
1350:
1347:
1345:
1342:
1340:
1337:
1335:
1332:
1330:
1327:
1325:
1322:
1320:
1317:
1315:
1312:
1310:
1307:
1305:
1302:
1300:
1297:
1295:
1292:
1290:
1278:
1277:
1275:
1273:
1269:
1263:
1260:
1258:
1255:
1253:
1250:
1248:
1245:
1243:
1240:
1238:
1235:
1234:
1232:
1230:
1226:
1222:
1215:
1210:
1208:
1203:
1201:
1196:
1195:
1192:
1183:
1176:
1174:
1165:
1158:
1152:
1144:
1138:
1133:
1132:
1126:
1122:
1118:
1117:
1111:
1107:
1101:
1097:
1092:
1088:
1086:0-943161-48-7
1082:
1078:
1074:
1069:
1065:
1059:
1055:
1051:
1050:Breen, Walter
1047:
1046:
1041:
1030:
1027:
1016:
1013:
1002:
990:
985:
978:
973:
971:
963:
958:
951:
946:
944:
942:
940:
932:
927:
925:
923:
921:
919:
917:
915:
907:
902:
900:
898:
890:
885:
883:
875:
870:
868:
866:
864:
862:
860:
858:
856:
848:
843:
836:
831:
825:, p. 46.
824:
819:
817:
810:, p. 45.
809:
804:
797:
792:
790:
788:
786:
784:
776:
771:
764:
759:
753:, p. 44.
752:
747:
745:
743:
741:
739:
732:, p. 43.
731:
726:
724:
716:
711:
709:
707:
699:
694:
688:, p. 80.
687:
682:
676:, p. 42.
675:
670:
668:
666:
664:
662:
660:
652:
647:
640:
635:
628:
623:
617:, p. 41.
616:
611:
609:
607:
605:
603:
601:
599:
597:
589:
584:
578:, p. 40.
577:
572:
570:
568:
566:
559:, p. 35.
558:
553:
551:
544:, p. 30.
543:
538:
534:
527:
525:
520:
514:
512:
507:
503:
499:
495:
485:
483:
479:
475:
471:
467:
463:
459:
455:
450:
448:
447:Adam Eckfeldt
444:
440:
436:
432:
428:
424:
415:
410:
400:
398:
394:
393:James Madison
389:
383:
381:
376:
372:
368:
362:
360:
351:
347:
338:
334:
332:
329:
325:
322:
318:
314:
309:
305:
295:
292:
288:
284:
279:
275:
271:
267:
263:
254:
245:
243:
239:
235:
230:
227:
224:
223:Mint Director
219:
217:
213:
209:
205:
201:
197:
187:
183:
179:
175:
171:
167:
162:
158:
154:
151:
147:
143:
139:
134:
129:
125:
121:
118:
114:
110:
106:
101:
96:
92:
88:
82:
78:
76:
72:
71:
69:
65:
61:
57:
54:39–40 mm
53:
49:
45:
41:
38:
34:
30:
26:United States
23:
2056:
2018:
2011:
2004:
1772:Dollar ($ 1)
1714:
1675:Philadelphia
1595:Prestige Set
1583:Souvenir Set
1558:Special sets
1524:Gold Buffalo
1506:Silver Eagle
1166:(1795–1804)
1162:
1130:
1125:Yeoman, R.S.
1115:
1095:
1076:
1053:
1012:Money portal
998:Bibliography
984:
957:
842:
830:
803:
770:
758:
693:
681:
646:
634:
622:
583:
537:
515:
497:
491:
466:King of Siam
451:
423:Samuel Moore
420:
403:1804 dollars
384:
375:yellow fever
363:
356:
344:
335:
301:
259:
242:1804 dollars
231:
220:
195:
193:
46:26.96 g
37:U.S. dollars
1752:Nickel (5¢)
1710:Manila Mint
1705:New Orleans
1690:Carson City
1650:U.S. dollar
1597:(1983–1997)
1585:(1972–1998)
1579:(1964–1967)
1544:(2010–2021)
1390:3¢ (bronze)
1367:2¢ (billon)
1314:5¢ (silver)
1309:3¢ (nickel)
1304:3¢ (silver)
1229:Circulating
989:Julian 1993
977:Julian 1993
962:Julian 1993
950:Julian 1993
931:Julian 1993
906:Yeoman 2010
874:Julian 1993
847:Julian 1993
835:Julian 1993
823:Julian 1993
808:Julian 1993
796:Yeoman 2010
775:Yeoman 2010
751:Julian 1993
730:Julian 1993
715:Yeoman 2010
698:Yeoman 2010
674:Julian 1993
615:Julian 1993
588:Julian 1993
576:Julian 1993
557:Julian 1993
542:Julian 1993
519:B. Max Mehl
506:electrotype
443:proof coins
409:1804 dollar
317:Robert Scot
238:proof coins
185:Design date
156:Design date
123:Design date
67:Composition
20:Bust Dollar
2063:Categories
1757:Dime (10¢)
1747:Penny (1¢)
1685:West Point
1512:Gold Eagle
1324:$ 1 (gold)
889:Breen 1988
763:Taxay 1983
651:Taxay 1983
639:Taxay 1983
627:Breen 1988
530:References
502:pantograph
488:Collecting
454:Indo-China
397:gold eagle
341:Production
283:numismatic
248:Background
178:bald eagle
150:bald eagle
2026:Nicknames
1960:Funnyback
1909:$ 100,000
1700:Dahlonega
1695:Charlotte
1665:U.S. Mint
1565:Proof Set
321:President
93:1795–1804
1904:$ 10,000
1571:Mint Set
1359:Canceled
1272:Obsolete
1127:(2010).
1052:(1988).
464:and the
388:Congress
115:Bust of
62:Lettered
51:Diameter
1918:Related
1899:$ 5,000
1894:$ 1,000
1498:Bullion
1380:⁄
1284:⁄
1175:(1795)
1075:(ed.).
478:Bangkok
378:on the
131:Reverse
117:Liberty
98:Obverse
1670:Denver
1643:Topics
1139:
1102:
1083:
1060:
524:graded
435:Muscat
298:Design
272:. The
173:Design
145:Design
112:Design
79:10.8%
73:89.2%
1889:$ 500
1873:$ 100
1488:2020s
1483:2010s
1478:2000s
1473:1990s
1468:1980s
1463:1970s
1458:1950s
1453:1940s
1448:1930s
1443:1920s
1438:1910s
1433:1900s
1428:1800s
1410:$ 100
1329:$ 2.5
482:Macao
458:Japan
278:alloy
198:is a
35:1.00
32:Value
1985:Mill
1868:$ 50
1863:$ 20
1858:$ 10
1405:$ 50
1349:$ 20
1344:$ 10
1137:ISBN
1100:ISBN
1081:ISBN
1058:ISBN
439:Siam
437:and
326:and
194:The
188:1798
159:1795
126:1795
59:Edge
43:Mass
1853:$ 5
1848:$ 2
1843:$ 1
1400:$ 4
1395:$ 2
1339:$ 5
1334:$ 3
1319:20¢
1262:$ 1
1257:50¢
1252:25¢
1247:10¢
2065::
1299:2¢
1242:5¢
1237:1¢
969:^
938:^
913:^
896:^
881:^
854:^
815:^
782:^
737:^
722:^
705:^
658:^
595:^
564:^
549:^
176:A
148:A
81:Cu
75:Ag
1630:e
1623:t
1616:v
1385:¢
1382:2
1378:1
1375:+
1373:2
1289:¢
1286:2
1282:1
1213:e
1206:t
1199:v
1145:.
1108:.
1089:.
1066:.
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