Flowing Hair dollar

The Flowing Hair dollar was the first dollar coin issued by the United States federal government. Minted in 1794 and 1795, the size and weight of the coin were based on the Spanish dollar, which was popular in trade throughout the Americas.
In 1791, following a study by Alexander Hamilton, Congress passed a joint resolution calling for the establishment of a national mint. Later that year, in his third State of the Union address, President George Washington urged Congress to provide for a mint, which was officially authorized by the Coinage Act of 1792. Despite the authorization, silver and gold coins were not struck until 1794. The Flowing Hair dollar, designed by Robert Scot, was initially produced in 1794, and again in 1795. In October 1795 the design was replaced by the Draped Bust dollar.
In May 2010, a specimen striking from the 1794 production was sold in a private sale for $7.85 million, more than any other coin in history.

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He was known for his engraving of flat works, notably banknotes. After moving to the United States in 1777, he engraved plates for subsistence money, bills of exchange, and office scales. In 1780, he was appointed the State Engraver of Virginia, but he moved to Philadelphia in 1781.[1] Scot was appointed Chief Engraver of the newly authorized United States Mint on November 23, 1793 by Mint Director David Rittenhouse.[3] Though Scot's ability to work as a die sinker was limited, he worked to his fullest extent.[4] Scot was responsible for designs of many of the first American coins, such as the Draped bust, 1804 silver dollar, Liberty cap half cent, Bust Dollar, Flowing Hair Dollar, Quarter Eagle, Half Eagle, and various la

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