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First US Dollar Study and Collection

Category:  Series Sets
Owner:  OA Nentico
Last Modified:  4/5/2024
Set Description
Best possible One Dollar specimen from every US Dollar Series. * Excluding the Gobrecht Dollar.

Set Goals
Collection Objective: (Updated May-2023)

My objective is to assemble a collection of one specimen, ideally the first year of every US Dollar Series. By doing so, learn about the details of every unique dollar series. The Gobrecht Dollar has been excluded due to the limit number of coins minted and the shear affordability for a modest collector.

As I studied the various dollar series I have defined (26) Dollar Types containing (29) coins that are divided into four (4) distinct groups; Gold Dollars, Classic Silver Dollars, Modern Clad Dollars and Modern Era Silver Dollars. I’ve omitted Commemorative Dollars as I think these fall into their own distinctive group

Dollar Groups:
• Gold Dollars (3)
• Classic Silver Dollars (10)
• Modern Clad Dollars (12)
• Modern Era Silver Dollars (4)

Also, I want to thank my friend Bruce Vogel a Life Member of ANA for all is help and support.

GOLD DOLLARS:
Position US Dollar Coins Material Years Size
1 Liberty Head Type 1 Gold 90% 1849-1854 13mm
2 Small Indian Head Type 2 Gold 90% 1854-1856 15mm
3 Large Indian Head Type 3 Gold 90% 1856-1889 15mm

CLASSIC SILVER DOLLARS:
Position US Dollar Coins Material Years Size
4 Flowing Hair Silver 89% 1794-1795 39.5mm
5 Draped Bust - Small Eagle Silver 89% 1795-1798 39.5mm
6 Draped Bust – Heraldic Silver 89% 1798-1804 39.5mm
7 Seated Liberty - No Motto Silver 90% 1840-1865 38.1mm
8 Seated Liberty – Motto Silver 90% 1866-1873 38.1mm
9 Trade Silver 90% 1873-1878 38.1mm
10 Morgan - Type I Silver 90% 1878-1904 38.1mm
11 Morgan – Type II Updated Die Silver 90% 1921-1921 38.1mm
12 Peace – High Relief Silver 90% 1921 38.1mm
13 Peace – Low Relief Silver 90% 1922-1935 38.1mm


MODERN CLAD DOLLARS:
Position US Dollar Coins Material Years Size
14 Eisenhower – Silver/Clad Silver 40% 1971-1978 38.1mm
15 Eisenhower Clad 100% 1971-1978 38.1mm
16 Eisenhower – Silver/Clad Silver 40% 1776-1976 38.1mm
17 Eisenhower Clad 100% 1776-1976 38.1mm
18 Susan B Anthony Clad 100% 1979-1981 26.5mm
19 Sacagawea – Gold Color Clad 100% 2000-2008 26.5mm
20 Native American – Clad 100% 2009-Present 26.5mm
21.1 Presidential – Washington Clad 100% 2007-2020 26.5mm
21.2 Presidential – Adams Clad 100% 2007-2020 26.5mm
21.3 Presidential – Jefferson Clad 100% 2007-2020 26.5mm
21.4 Presidential – Madison Clad 100% 2007-2020 26.5mm
22 American Innovation Clad 100% 2018-2032 26.5mm

MODERN SILVER DOLLARS:
23 Silver Eagle/Type1 - Heraldic Silver 99.9% 1986-2021 40.6mm
24 Silver Eagle/Type2 - Flight Silver 99.9% 2021-Present 40.6mm
25 Morgan Silver 99.9% 2021- 38.1mm
26 Peace Silver 99.9% 2021- 38.1mm

Slot Name
Origin/Country
Item Description
Full Grade
Owner Comments
Pics
View Coin US $1 Dollar Collection Study: First Issue of Liberty Head Type 1 Series. United States G$1 1849 O NGC AU 58 This first year $1 Gold Liberty Head (Type I) 1849-O NGC AU58 has an attractive pleasant bright yellow gold luster and a very strong strike! The obverse is nicely struck as expected and the reverse is a better than expected for this grade. Mintage of the New Orleans 1849-O is placed at 215,000, not rare, but well below the 1.3 million Philadelphia mintage.

For my U.S. Gold Type Set this $1 Gold 1849-O will represent my New Orleans specimen.

Per Jeff Garrett: "None of the Close Wreath dies were received in New Orleans in time for the coinage of 1849; thus, all known examples are of the Open Wreath variety. Most examples are well struck on the obverse but are usually weakly struck in the central portions of the reverse, sometimes very much so. This is one of the more readily available New Orleans issues but is still quite popular as a first year of issue. The 1849-O coin is not a great rarity in the lower states of preservation. Choice and Gem coins are, however, seldom seen and quite desirable. The finest graded example, an NGC MS 66 sold for $20,700 in August 2012."
View Coin #2 Gold Dollars: 2nd Gold Dollar Small Indian Head United States G$1 1854 TYPE 2 NGC AU 55 This 1854 Small Head Type II gold dollar is a notoriously scarce type and the more challenging of the three different gold U.S. Dollar coins. The Type II was only struck for three years with the final year limited to the SF Mint. This first year 1854 Type II in AU55 is in the middle of the surveying graded population of approximately 6200 coins. With that said, this AU55 specimen with a CAC sticker is quit exquisite and attractive.
View Coin #3 Gold Dollars: 3rd Gold Dollar Large Indian United States G$1 1856 SLANTED 5 NGC AU 58 This first year Type 3 – NGC $1 Gold Indian Princess 1856, Slanted 5 AU58 has a pleasant look with a nice strike on the obverse and reverse. It is a relatively common coin with a mintage of around 1.7 million.
View Coin #4 Classic Silver Dollar: Flowing Hair 1st Silver Dollar United States $1 1795 FLOWING HAIR NGC VF Details This 1795 Flowing Hair NGC: Very Fine – Details is a wonderful example! I’ve looked at many 1795 dollars and I am very pleased with the strike and eye appeal of this coin.

The Flowing Hair Silver Dollar is first silver dollar of the United States. Thus, it is an iconic coin for any collector to have in their collection. The Flowing Hair was only minted in 1794 and 1795.

Designed and engraved by Robert Scot; the 1794 has a low mintage of about 2,000 coins. Per Q. David Bowers the survival population is estimated to be between 150 to 200 coins. Therefore, making it available to all but the wealthiest collectors.

Estimates by numismatists of the number of 1795 Flowing Hair Dollars coined range from 160,295 to as many as 290,000, depending on how one interprets the several deliveries made from coiner to treasurer. Again, per Q. David Bowers the survival population is estimated to be somewhere between 3,600 to 3,800 coins. Making still a rare coin by any standard.
View Coin #5 Classic Silver Dollar: 1st Draped Bust - Small Eagle United States $1 1795 DRAPED SET LEFT BB-51,B-14 NGC F 12 This 1795 Draped Bust – Set Left (BB-51, B-14) NGC Fine 12 is a wonderful strike for its grade. Very nice eye appeal with nice fields and details in the features.

The Draped Bust Dollar was introduced in 1795 to replace the Flowing Hair Dollar which was Henry William DeSaussure’s objective as the new Mint Director. Upon taking office his stated mission was to circulate gold coins and improve the designs of all denominations, specifically silver.

Estimates by Q. David Bowers puts places the minted for all varieties at around 100,000, with a survival rate of the BB-51 die state in a range of 1,400 to 2,200. Also, Bowers believes that the BB-51 is the earlier of the two 1795 Drape Bust varieties.
View Coin #6 Classic Silver Dollar: 1st Large Eagle Draped Bust United States $1 1798 LARGE EAGLE PCGS Genuine 1798 Draped Bust Dollar: PCGS Fine Details – Cleaned Variety BB-116

This 1798 Fine Details coin has pleasant eye appeal with a nice light gray patina along with a reasonable strike for its grade. Although not a perfect coin, it was the first Early Dollar that I acquired for my collection. It was a big jump for me to spend a large sum of money on a coin. I think the coin is aesthetically pleasing, so it has a special place in my heart as it helped lead me to understand and acquire many better graded coins over time. Based on the market value of a straight grade coin, this affordable specimen fits well with my Early Dollar collection approach.

This 1798 specimen is the BB-116 variety based on Q. David Bowers’ reference book “The Encyclopedia of UNITED STATES SILVER DOLLARS 1794 to 1804”.

David Bowers’ estimates that the mintage of the 1798 is approximately ~200,000 with a survival rate of roughly 7,000 to 14,000 coins for all varieties. The BB-116 has an estimated survival rate of roughly 150 to 250 coins. When analyzing NGC and PCGS census reports each firm combined has graded about ~5,600 total coins, which supports Bowers low end estimate for total population.

*Sources for commentary: NGC and PCGS census reports and Q. David Bowers’ reference book “The Encyclopedia of UNITED STATES SILVER DOLLARS 1794 to 1804”.
View Coin #7 Classic Silver Dollar: 1st Seated Liberty - No Motto United States $1 1840 NGC AU 50 1840 $1 Liberty Seated Dollar – NGC AU50

The first year of any series is always special! In the case of the Liberty Seated Dollar it was the mints first true release of a silver dollar for circulation since the 1802 and 1803 Drape Bust Dollars. Unlike many other first release series, the 1840 Liberty Seated dollar had a modest mintage of 61,005 due to the on-demand production method.

This AU50 specimen in an older NGC holder has a pleasant bright white luster with moderate circulation marks along with fields that almost give a semi-proof like appearance for wonderful eye appeal.

The 1840 Seated dollar mintage has an estimated survival rate of 3%, with a population estimate of 1,250 to 1,750 per Osburn-Cushing. NGC has straight graded only 322 coins, with 20 in AU50 and 168 finer.

Adding this higher grade specimen to my U.S. Dollar Type Set and my Seated Liberty Type Set is a real home run for me! Its appearance fits amazing well with my Seated Type Set!
View Coin #8 Classic Silver Dollar: 1st seated Liberty with Motto United States $1 1866 MOTTO PCGS F Details Truly enjoyed adding this First Year with Motto issue 1866 Seated Liberty Dollar to my collection! It is neat to own a piece of history like this since it is one of the key dates to the series! It may not be the finest specimen, but it has a pleasant patina with a reasonable strike. Also, it meets my collection objective of obtaining the first coin in each U.S. Dollar series.

Per Q. David Bowers in his book “A Complete Encyclopedia SILVER DOLLARS & TRADE DOLLARS of the United States” the 1866 with Motto has a mintage of 48,900 with an estimated survival rate of less than 2%, which gives estimates ranging from 340 to 900.

NGC has graded a total of 144 in MS and 239 in Proof. While PCGS has graded 257 in MS and 345 in Proof. These numbers add up to 985 coins graded. One can guess that a number of these have been re-graded and/or crossed over, so they support Bowers estimates.

This coin is part of my Custom US Dollar Study Collection and Type Set as well.
View Coin #9 Classic silver Dollar: 1876 Trade with Chop Mark from China United States T$1 1876 S NGC AU Details This 1876-S Trade Dollar was the first for my collection. The Trade Dollar was struck for circulation in 1873 to 1878 to compete with the Mexican dollar in the Orient. The 1876-S has a mintage of just over 5.2 million. Unsure of what the survival rate is. Since these coins were made for trade and circulation in the Orient, I wanted one for my collection that reflected this with what is known as a Chop Mark. This coin is part of my Custom Set: “First US Dollar Study and Collection” as well.
View Coin #10.1 Classic Silver Dollar: 1st Morgan Philly United States $1 1878 8TF VAM-2 NGC MS 63
View Coin #10.2 Classic Silver Dollar: 1st Morgan Philly United States $1 1878 7/8TF WEAK NGC MS 63
View Coin #10.3 Classic Silver Dollar: 1st Morgan - Philly United States $1 1878 7TF REV OF 78 NGC MS 60 I am not a Morgan Dollar collector per say. Currently working on assembling a Custom Set: “First US Dollar Study and Collection”. In doing so I am trying to obtain a specimen from the first year of each dollar series. In 1878 there were six (6) specific Morgan coins released. This 1878-P 7TF Rev of 78 would be consider number 3 of 6 for the first year.
View Coin #10.4 Classic Silver Dollar: 1st Morgan - Philly United States $1 1878 7TF REV OF 79 NGC MS 62
View Coin #10.5 Classic Silver Dollar: 1st Morgan - Carson City United States $1 1878 CC NGC MS 62 I am not a Morgan Dollar collector per say. Currently working on assembling a Custom Dollar Type Set: “First US Dollar Study and Collection”. With this collection, I am trying to obtain a specimen from the first year of each dollar series. In 1878 there were six (6) specific Morgan coins released. The 1878-CC would be consider number 5 of 6 for the first year.
View Coin #10.6 Classic Silver Dollars: 1st Morgan S.F. United States $1 1878 S NGC MS 63 I am not a Morgan Dollar collector per say. Currently working on assembling a Custom Set: “First US Dollar Study and Collection”. In doing so I am trying to obtain a specimen from the first year of each dollar series. In 1878 there were six (6) specific Morgan coins released. This 1878-S would be consider number 6 of 6 for the first year.
View Coin #11.1 Classic Silver Dollar: 2nd Morgan - Philly United States $1 1921 MORGAN NGC MS 64 I am not a Morgan Dollar collector per say. Currently working on assembling a Custom Set: “First US Dollar Study and Collection”. In doing so I am trying to obtain a specimen from the first year of each dollar series. Because of the Pittman Act there was a short term need in 1921 to mint silver dollars, but the new Peace Dollar was not ready for production yet. The last Morgan dollar was minted in 1904 and the old dies had been destroyed, so new dies had to be produced. The new 1921 dies are different than the 1904, thus the 1921 Morgan is the first and last year of a coin series so to speak. There were three (3) coins minted in 1921.This 1921-P is number 1 of 3.
View Coin #11.2 Classic Silver Dollar: 2nd Morgan - Denver United States $1 1921 D NGC MS 63 I am not a Morgan Dollar collector per say. Currently working on assembling a Custom Set: “First US Dollar Study and Collection”. In doing so I am trying to obtain a specimen from the first year of each dollar series. Because of the Pittman Act there was a short term need in 1921 to mint silver dollars, but the new Peace Dollar was not ready for production yet. The last Morgan dollar was minted in 1904 and the old dies had been destroyed, so new dies had to be produced. The new 1921 dies are different than the 1904, thus the 1921 Morgan is the first and last year of a coin series so to speak. There were three (3) coins minted in 1921.This 1921-D is number 2 of 3.
View Coin #11.3 Classic silver Dollar: 2nd Morgan - SF United States $1 1921 S NGC MS 63 I am not a Morgan Dollar collector per say. Currently working on assembling a Custom Set: “First US Dollar Study and Collection”. In doing so I am trying to obtain a specimen from the first year of each dollar series. Because of the Pittman Act there was a short term need in 1921 to mint silver dollars, but the new Peace Dollar was not ready for production yet. The last Morgan dollar was minted in 1904 and the old dies had been destroyed, so new dies had to be produced. The new 1921 dies are different than the 1904, thus the 1921 Morgan is the first and last year of a coin series so to speak. There were three (3) coins minted in 1921.This 1921-S is number 3 of 3.
View Coin #12 Classic Silver Dollar: 1st Peace Dollar United States $1 1921 PEACE HIGH RELIEF NGC MS 63 Truly enjoyed adding this NGC MS-63 first year issue 1921 High Relief Peace Dollar to my collection! I consider the Peace Dollar to be the most attractive of all US Dollars. Recently I completed an ungraded uncirculated set and now working on a graded set. Mintage of the first year is just over 1 million. This coin is part of my Custom Set: “First US Dollar Study and Collection” as well.
View Coin #13 Classic Silver Dollar: 1st Low Relief Peace Dollar United States $1 1922 NGC MS 66 The 1922 Peace Dollar is the second year of the series and the first year of the low relief design.

The 1922-P has the highest mintage of any the Peace Dollars produced, with 51,737,000 coins.

Mid to lower grade coins are easy to come by, where as higher grade tend to be more difficult to acquire.

This NGC MS66 is an outstanding example of a high grade coin. Nice eye appeal and bright white coin. Only 120 coins in higher grade.
View Coin #14 Clad Dollars: 1st Eisenhower Silver Proof United States $1 1971 S SILVER NGC PF 69 ULTRA CAMEO 1971-S First Year Eisenhower Dollar, one of the special 40% Silver issues. This NGC PF69 is a nice strike with a special NGC label. Mintage around 6.8 million.
View Coin #15 Clad Dollars: 1st of the Clad Eisenhower United States $1 1971 D NGC MS 65
View Coin #16 Clad Dollars: Eisenhower Bicentennial Silver United States $1 1776-1976 S SILVER NGC PF 69 ULTRA CAMEO 1976-S Bi-Centennial Fifth Year Eisenhower Dollar, one of the special 40% Silver issues. This NGC PF69 is a nice strike with a special NGC label. Mintage just around 11 million.
View Coin #17 Clad Dollars: Eisenhower Bicentennial Type 1 United States $1 1776-1976 TYPE 1 NGC MS 64 I selected the 1976 - P Type 1 to represent the all Clad Series since it has a low mintage of 4 million and issued prior to the other 1976 Eisenhower coins of this year.
View Coin #18 Clad Dollars: 1st of the Susan B. Anthony Series United States $1 1979 S TYPE 1 NGC PF 70 ULTRA CAMEO US $1 Dollar Collection Study: First Issue of the Susan B. Anthony Clad Series.
View Coin #19 Clad Dollars: 1st Sacagawea - Goodacre 1 of 5000 Minted United States $1 2000 P GOODACRE PRESENTATION PCGS SP 68 This SP68 Goodacre Presentation Dollar with signed label by Philip Diehl the 35th U.S. Mint Director is my favorite coin based on unique story of the mints payment to the artist. Thus, creating a limited number of (5,000) minted special coins.

The Goodacre Presentation Dollar is ranked #66 in the book; “100 Greatest U.S. Modern Coins, 4th Edition” by Jeff Garrett.

The Mint Director Phil Diehl personally delivered these 5,000 coins to Glenna Goodacre at her Santa Fe studio in New Mexico. These coins were extra special and were different than the rest of the 2000 minted Sacagawea Dollars. The coin themselves were struck on burnished planchets by polished dies using higher pressure - which resulted in a proof-like surface. They were also treated with an antioxidant to help preserve their special appearance.

Goodacre immediately sent all 5,000 coins to the Independent Coin Grading Company (ICG) in late 2000 to have them certified and sealed in order to preserve them. Each coin was individually numbered and Goodacre had the numbers 2003 through 4999 sold to the public for $200 each while she kept the remainder for herself.

In 2010, Jeff Garrett a dealer from Mid-American Rare Coin Galleries acquired the remaining coins from Goodacre. These ICG-graded coins were sent to PCGS and put into plastic holders with a special label bearing the signature of Philip N. Diehl - the Director of the US Mint at the time Goodacre designed the coin. Some of these coins have been signed by Glenna Goodacre herself - with the signature featured on the outside of the plastic holder. Thus, making this coin one of the 2,010 coins that Jeff Garrett acquired.
View Coin #20 Clad Dollars: 1st Native American Series United States $1 2009 S SACAGAWEA AGRICULTURE NGC PF 70 ULTRA CAMEO Part of my "First US Dollar Study & Collection" custom set.

Sacagawea Golden US Dollar Series. One of my all-time favorite coins series, second only to the Peace Dollar Series. Because of the golden color of the coin I think the Proof version is simply stunning. This proof 2009-S PF70 UCAM is a great example.
View Coin #21.1 Clad Dollars: 1st of Presidential Series - Washington United States $1 2007 S GEORGE WASHINGTON NGC PF 70 ULTRA CAMEO US $1 Dollar Collection Study: First Issue of the Clad Presidential Series; George Washington.
View Coin #21.2 Clad Dollars: 1st of Presidential Series - Adams United States $1 2007 S JOHN ADAMS NGC PF 70 ULTRA CAMEO US $1 Dollar Collection Study: First Issue of the Clad Presidential Series; John Adams.
View Coin #21.3 Clad Dollars: 1st of Presidential Series - Jefferson United States $1 2007 S THOMAS JEFFERSON NGC PF 70 ULTRA CAMEO US $1 Dollar Collection Study: First Issue of the Clad Presidential Series; Thomas Jefferson.
View Coin #21.4 Clad Dollars: 1st of Presidential Series - Madison United States $1 2007 S JAMES MADISON NGC PF 70 ULTRA CAMEO US $1 Dollar Collection Study: First Issue of the Clad Presidential Series; James Madison.
View Coin #22 Clad Dollars: 1st of American Innovations Series United States $1 2018 S G.Washington NGC PF 70 ULTRA CAMEO US $1 Dollar Collection Study: First Issue of the Clad American Innovation Series; George Washington.
View Coin #23 Modern Silver Dollar: 1st American Eagle - Type 1 United States S$1 1986 S EAGLE NGC PF 70 ULTRA CAMEO 1986-S Proof 70. First Proof coin from a historic coin series.
View Coin #24 Modern Silver Dollar: 1st Year of Modern Morgan Dollars 100th Annv. United States $1 2021 D Morgan NGC MS 70 It is great that the mint released this 100th Anniversary Morgan Set. The Morgan Dollar is a classic US coin. Although I think the Peace Dollar is far more attractive. Looking forward to the mint releasing further years for a second generation of the Morgan for collectors.
View Coin #25 Modern Silver Dollar: American Eagle Series - Type 2 United States S$1 2021 W Eagle Eagle Landing T-2 First Day of Issue NGC PF 70 ULTRA CAMEO This 2021-W ASE Proof Eagle Landing T-2 NGC PF70UC - Struck at West Point Mint (First Day of Issue) is part of my “Custom Set” 2021 Silver Eagle 35th Anniversary Sunset and Sun Rise - The Transition Year. This coin is in slot #16 of the custom set. It is estimated that 384,312 struck that were given this special pedigree.

The collection objective is to assemble a set of the 2021 35th Anniversary American Silver Eagle’s covering the close (Sunset) of the Type 1 Heraldic Eagle and the beginning (Sun Rise) of the Type 2 Eagle Landing coins. The set contents 17 coins, nine (9) from the Type 1 Heraldic Eagle and eight (8) from the new design Type 2 Eagle Landing.
View Coin #26 Modern Silver Dollar: 1st of the Modern Peace Dollar - 100th Annv. United States $1 2021 Peace High Relief NGC MS 70 So happy the mint release this 100th Anniversary Peace Dollar. I think the Peace Dollar is the most attractive coin the mint has made. It goes well with my Peace Dollar collection and look forward to further releases by the mint.

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