A young United States wanted to prove to the world that they were a legitimate state and one method was through the display of a strong economy. Promoting business and trade was high on Congress' agenda, and establishing a sovereign coinage system was one of its earliest acts.
Producing silver coinage was a sign of financial strength and one example from this time period was the Flowing Hair Dollar.
Designed by Robert Scot, the half dollar had a composition of 89.24% silver and 10.76% copper.
The obverse design depicts an idealized head of Liberty facing right and the inscription LIBERTY appearing above the bust surrounded by 13 stars. The 13 stars were representative of the number of founding states.
The reverse design features an eagle perched on a cloud, within an open wreath and has the words UNITED STATES OF AMERICA.
The edge of the coin is lettered with the inscription HUNDRED CENTS ONE DOLLAR OR UNIT with decorations between the words.
There are no mint marks as the Philadelphia mint was the only mint during that time period so there were was no need.
General Market Notes
Few coins have survived over the years and have thus created a rarity among collectors today. It is highly recommended NOT to purchase a raw specimen but a certified coin as there are quite a few counterfeits produced over the years.
The coin was only minted for two years (1794 & 1795). The 1794 is the greater rarity of the two as even an example in a grade of Almost Good (AG) costs thousands of dollars.
The 1795 issue in a grade of AG will run into the high hundreds of dollars.