Almost all coins that are currently considered the most valuable according to the results of auctions over the past few decades have their own history, in direct proportion to which the price of a coin is. The most expensive coin in the world at the moment is the first American silver dollar of 1794, the so-called Liberty with Loose Hair Dollar or simply the Loose Hair Dollar.
The first US silver dollar was minted from 1794 to 1804, but the original form of the coin — the one that most recently sold for a record $7,850,000, taking rightful first place in the list of the Most Expensive Coins in the World, was minted at the Philadelphia Mint only from 1794 to 1795. Over the years, a little over 162,000 coins were issued, 160,295 of which were in 1795.
In 1794, only 2,000 coins were minted, 242 of which were immediately melted back into silver due to the terrible quality of the coinage, and the remaining 1758 were presented to members of Congress, the Senate and other officials and high-ranking persons. Only about 200 of these coins have survived to our time, and it was one of them that recently became the most expensive coin in the world.
The obverse and reverse of the first silver dollar was engraved by Robert Scott. On the obverse of the coin, he depicted the head of a woman with flowing hair, symbolizing Freedom, which is clearly indicated by the inscription LIBERTY above her head. On either side of Liberty there are 15 six-pointed stars (8 on the left and 7 on the right) — that is how many states were part of the United States at the time the coin was issued.
The number of stars changed when the 16th state of Tennessee was added to the US. The rest of the coins were minted until the full development of the stamps, after which the silver dollar began to be minted with 13 stars — that is how many of the original states were at the time of the founding of the United States.
The reverse of the most expensive coin in the world is decorated with a bald eagle surrounded by olive branches, which, in turn, are framed by the inscription UNITED STATES OF AMERICA. On the edge of the coin its denomination is indicated: HUNDRED CENTS ONE DOLLAR OR UNIT.
For comparison, here are a couple more silver dollars issued in 1797 and 1803 — you can easily see how much the reverse of the coin changed at the beginning of the 19th century:
By the way, one of the 15 dollar coins with the image of Liberty with flowing hair, issued in a limited edition in 1804, was sold in 2008 for $ 3,725,000, so the 1794 coin is not the first application for the list of the most valuable coins of history following auctions. recent years.