The 1795 Draped Bust Silver Dollar with a Centered Bust is a notable variety among early American silver dollars. Here are some key points about this coin: 1.
Design: The obverse (front) of the coin features a bust of Liberty facing right, with her hair gracefully draped over her shoulder. The word "LIBERTY" is inscribed along the top edge of the coin, and the date "1795" is placed below the bust.
Reverse: On the reverse (back) side of the coin, there is an eagle with outstretched wings, holding an olive branch and arrows in its talons.
The eagle is surrounded by a laurel wreath, and the inscription "UNITED STATES OF AMERICA" encircles the design. The denomination "ONE DOLLAR" is also inscribed.
Mintage: The 1795 Draped Bust Silver Dollar is one of the earliest issues of the denomination produced by the United States Mint. The exact mintage figures for this year and variety are not precisely known, but relatively small quantities were struck compared to later years of the series.
Historical Significance: The 1795 Draped Bust Silver Dollar holds historical significance as one of the first silver dollars issued by the United States Mint. These coins played a crucial role in facilitating commerce and trade during the early years of the young nation.
Collector's Item: Due to their age, historical significance, and limited availability, 1795 Draped Bust Silver Dollars, especially those with the Centered Bust variety, are highly sought after by collectors.
This scarcity, combined with the historical significance of the New Orleans Mint, adds to the allure and collectibility of these coins among numismatists.
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Examples in better condition or with unique characteristics, such as proof-like surfaces or exceptional eye appeal, command premium prices in the numismatic market.