The loose hair dollar: the most expensive currency in the world | United States | USA nnda nnlt | TRENDS
Although it is no longer so common in its daily use, the coins of a US dollar They are some of the most valuable in the world. Especially, one of the first to be minted is considered the most expensive, surpassing other old pieces such as doubloons or florins.
Rare coin and banknote collecting is popular internationally, so there is a wide market of experts looking to own some of the rarest pieces.
In the case of the United States, there are coins of one, ten or 25 cents that can be worth much more due to some production errors.
In the case of dollar pieces, one of the most valuable gets its millionaire price for the rarity associated with its antiquity and the few amounts issued at the time.
THE MOST EXPENSIVE CURRENCY IN THE WORLD
The most expensive currency in the world is the dollar minted in 1794 and 1795also known as the “Loose Hair Dollar” (“Flowing Hair Silver” in its original name). The material in which it was produced was 90% silver and 10% copper.
In the design it has a bust of Liberty on the obverse side and an eagle on the reverse, surrounded by a garland.
According to Professional Coin Sorting Service (PCGS), the 1794 SP one dollar silver coin sold in 2013 for $10,016,875 at a auction in new york.
WHY IS THE LOOSE HAIR DOLLAR SO VALUABLE?
The loose hair dollar is valuable both for its rarity and its historical value. Was the first coin with a face value of one US dollar which was issued by the country’s own government.
It was designed in weight and size based on the Spanish dollar, while the Engraving was done by Robert Scotshortly after the Philadelphia Mint was established.
The model only lasted until a certain point from 1795, when it was replaced by the Draped Bust skin. The 1794 silver dollar is considered a rare coin, as there are only an estimated 150 to 200 survivors.
On the contrary, those minted in 1795 are more commonbut collectors’ demand for type keeps prices high.