1798 $1 Flowing Hair Dollar ANACS EF40 Details Graffiti Cleaned

Coin Details:

• Year: 1798
• Denomination: $1
• Mint: Philadelphia (no mintmark, as it was the only operating U.S. Mint at the time).
• Design Type: Draped Bust Dollar (not “Flowing Hair”).
• Composition: 89.24% Silver, 10.76% Copper
• Weight: 26.96 grams
• Diameter: 39-40 mm
• Designer: Robert Scot

Design Features:

1. Obverse:
   • Features a portrait of Liberty, facing right, with flowing hair tied with a ribbon.
   • The word “LIBERTY” is inscribed above, with stars and the date below.
   • Star configuration varies, either 13 stars (original states) or 15 stars (brief variation).
2. Reverse:
   • Depicts a heraldic eagle inspired by the Great Seal of the United States, with a shield on its chest.
   • The eagle holds an olive branch (symbolizing peace) and arrows (symbolizing readiness for war).
   • “UNITED STATES OF AMERICA” encircles the design.

Condition and Details:

• Grade: ANACS EF40 Details
  • Details Grade: The coin’s overall condition is solid, but issues like cleaning and graffiti prevent it from receiving a straight numerical grade.
• Graffiti:
  • Refers to intentional marks, scratches, or engravings made on the coin, often by early owners.
  • Reduces numismatic appeal and can significantly impact value.
• Cleaning:
  • Indicates that the coin was cleaned to remove tarnish or dirt, often resulting in a loss of original surface patina.
  • Cleaning is a detractor in terms of market value but does not erase the coin’s historical significance.

Rarity:

• Mintage: Approximately 327,536 Draped Bust Dollars were minted in 1798.
• Survival Rate: Fewer than 5% are estimated to have survived, with many melted or lost over time.
• Varieties: Multiple die varieties exist for this year, including:
  • Large Eagle Reverse: More common.
  • Small Eagle Reverse: Scarcer (used only in 1798).
  • Star and lettering variations also affect rarity and desirability.