The 1796 Draped Bust Silver Dollar is a highly coveted and historically significant coin in American numismatics. It holds the distinction of being the first official silver dollar struck by the United States Mint for circulation purposes.
The "Small Date - Small Letters" variety refers to specific characteristics of the coin's design. In this variety, the numerals in the date are smaller in size compared to other varieties, and the letters in the legend and motto are also smaller and more compact.
These early American silver dollars were designed by Robert Scot, the Chief Engraver of the United States Mint at the time.
The obverse features a bust of Liberty draped in flowing fabric, facing right, with her hair tied in a ribbon. The word "LIBERTY" appears above her head, and the date is below.
On the reverse, an eagle with outstretched wings holds an olive branch and arrows in its talons, symbolizing peace and preparedness for defense. A laurel wreath encircles the eagle, and the inscription "UNITED STATES OF AMERICA" and the denomination "1 DOLLAR" are present.
The 1796 Draped Bust Silver Dollar holds immense historical significance as one of the earliest coins minted by the United States government.
These coins were struck in limited quantities and faced extensive circulation, leading to many examples exhibiting wear and damage.
Due to their age, rarity, and historical importance, 1796 Draped Bust Silver Dollars are highly sought after by collectors. Varieties such as the Small Date - Small Letters add further intrigue and value to these already prized coins, making them prized additions to any numismatic collection.
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